Proposed Agreement to Defer Dominion Virginia Power's First Biennial Review Until 2012

Dominion D announced today that it, the Virginia State Corporation Commission Staff, the Office of the Attorney General of Virginia, Division of Consumer Counsel, MeadWestvaco Corp., Wal-Mart Stores East, Chaparral and Utility Professional Services, Inc. have filed an agreement that supports the deferral of the company's biennial review of rates from 2011 to 2012. The agreement also would continue to support the authorized return on equity for the Bear Garden Power Station and the Virginia City Hybrid Energy Center and establish base rate credits for customers associated with 2009 revenues.