Dominion CNG Capital Trust to Redeem 7.8% Trust Preferred Securities

Continuing its previously announced plan to use proceeds from the pending sales of its oil and natural gas exploration and production (E&P) assets, Consolidated Natural Gas Company, a wholly owned subsidiary of Dominion Resources, Inc, announced that its subsidiary trust, Dominion CNG Capital Trust I, will redeem all of its outstanding 7.8 % Trust Preferred Securities on July 17, 2007. The paying agent is The Bank of New York. The redemption price is the par value of $25 per preferred security plus accrued and unpaid distributions through and including the redemption date. The record date will be July 16, 2007.
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