NEW YORK (Standard&Poor's CreditWire) July 10, 2000--Standard&Poor's today assigned its triple-'B'-plus rating to Dominion Resources Inc.'s $700 million 2000 Series B senior notes due July 15, 2005 and the company's $400 million 2000 Series C senior notes due July 15, 2003. Dominion expects to use the net proceeds from the sale of its securities to refinance outstanding commercial paper that was issued to finance the acquisition of Consolidated Natural Gas Co. (CNG) in a stock and cash transaction early this year. The ratings for Dominion and its CNG affiliate reflect a consolidated rating methodology, resulting in the same corporate credit rating (risk of default) for Dominion and CNG. The higher corporate credit rating assigned to Virginia
