NEW YORK (Standard&Poor's CreditWire) Aug. 31, 2000--Standard&Poor's today affirmed its long-term ratings on Dominion Resources Inc. and its affiliates and removed the ratings from CreditWatch with negative implications (see list below). At the same time, Standard&Poor's affirmed its short-term corporate credit and commercial paper ratings on Virginia Electric&Power Co. (Virginia Power) and removed the ratings from CreditWatch with negative implications. The ratings were placed on CreditWatch on Aug. 7, 2000, following the announcement that Dominion had agreed to acquire the three-unit Millstone nuclear generation station from Northeast Utilities (NU). Standard&Poor's also affirmed its short-term ratings on Dominion and Consolidated Natural Gas Co. (CNG) These ratings were not on CreditWatch. The
