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Dominion Virginia Power Investments Result In Increased Tax Payments To Virginia Localities



   Dominion Virginia Power Investments Result In Increased Tax Payments To
                             Virginia Localities

-- Company paid $142 million in 2012, up $10 million from previous year

-- Taxes levied on power stations, electric lines, substations and other
facilities

PR Newswire

RICHMOND, Va., May 30, 2013

RICHMOND, Va., May 30, 2013 /PRNewswire/ -- Dominion Virginia Power paid
nearly $142 million in taxes to cities, counties and towns in Virginia in
2012, approximately $10 million more than in 2011.

The taxes are assessed annually on all of the company's real estate, property
and power-related assets, including buildings, power stations, transmission
and distribution power lines, substations and other facilities.

Surry and Louisa counties, home to two of the company's nuclear power
stations, each received the single largest tax payments at about $12.8
million. 

"Our tax payments have increased over the past several years as we have
improved system reliability and met increasing customer demand for electricity
by adding new power generation and transmission facilities," said Paul D.
Koonce, chief executive officer.  "We have a large economic impact on the
state. These tax payments are vital to many Virginia communities."

Tax payments in 2012 were about $10 million higher than in 2011. Payments to
Virginia counties in 2012 totaled $105.1 million, cities $35.1 million and
towns $1.6 million.

In addition to Surry and Louisa, among the largest payments were made to
Fairfax County, $11.3 million; Prince William County, $9.6 million;
Chesterfield County, $8.5 million; the city of Chesapeake, $7.2 million; and
the city of Richmond, $6 million. Typically, the largest payments are to
localities where the company's electricity-generating power stations are
sited.

A full list of the 2012 payments by locality is available online:
http://www.dom.com/news/2013/xls/va-tax-payments.xlsx

Dominion Virginia Power is a unit of Dominion (NYSE: D), one of the nation's
largest producers and transporters of energy. Dominion has a portfolio of
approximately 27,000 megawatts of generation. It also operates one of the
nation's largest underground natural gas storage systems and serves retail
energy customers in 15 states. For more information about Dominion, visit the
company's website at www.dom.com.

Save time, energy and postage by enrolling in Dominion's eBill paperless
billing program at:
https://www.dom.com/find-it-fast/payment-options/paperless-billing.jsp

SOURCE Dominion Virginia Power

Website: http://www.dom.com
Contact: Media, Karl Neddenien, (804) 771-6115, Karl.R.Neddenien@dom.com;
Le-Ha Anderson, (703) 796-9308, Le-Ha.Anderson@dom.com; Bonita B. Harris,
(757) 857-2700, Bonita.B.Harris@dom.com
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