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., 1999 Series A, 6.70% Senior Notes due 6/30/2009, Listed Insured QUarterly Interest Debentures (LIQUIDs), issued in $25 denominations, redeemable at the issuer's option on or after 6/30/2002 at $25 per share plus accrued and unpaid interest, maturing 6/30/2009, distributions of 6.70% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record at the close of business on the 15th 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. Payments of principal and interest on the Notes when due are insured by a financial guaranty insurance policy issued by Ambac Assurance Corp. See the IPO prospectus for further information on the debt securities 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	6.70% $1.675	$25.00 $25.00	Called for 12/15/2003 6/30/2009	Aaa AAA 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