Nov 14, 2003 -- Virginia Electric and Power Company announced today the planned redemption on December 15, 2003, of its outstanding 1998 Series A 7.15 percent Senior Notes due June 30, 2038 and its outstanding 1999 Series A 6.70 percent Senior Notes due June 30, 2009. The redemption price for each series will be 100 percent of the principal amount plus accrued and unpaid interest thereon to the redemption date. On and after December 15, 2003, interest on the Notes will cease to accrue.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Virginia Electric & Power Co., 1998 Series A, 7.15% Senior Notes due 6/30/2038, issued in $25 denominations, redeemable at the issuer's option on or after 6/30/2003 at $25 per share plus accrued and unpaid interest, maturing 6/30/2038, distributions of 7.15% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the 15 day of the month in which the payment is made. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Senior Notes are direct, unsecured and unsubordinated obligations of the company and will rank pari passu with all existing and future unsecured and unsubordinated indebtedness. See the IPO prospectus for further information on the senior notes by clicking on the ‘Link to IPO Prospectus’ provided below. Virginia Electric & Power Co. is a wholly-owned subsidiary of Dominion Resources Inc. (NYSE: D).

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.15% $1.7875	$25.00 $25.00	Called for 12/15/2003 6/30/2038	A3 A- 4/19/2003	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Email Address	Investor.Relations@dom.com
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Address and Phone Numbers

Address:   120 Tredegar Street, Richmond, VA 23219
Main Phone Number	804-819-2000
Fax Number	804-819-2205
Investor Relations   Laura Kottkamp	804-819-2254
Toll Free Phone Number	800-552-4034

CEO - Thomas F. Farrell, II

CFO - Thomas N. Chewning