On Dec. 27, 2007, Standard&Poor's Ratings Services raised its corporate credit rating on Dominion Resources Inc. and Virginia Electric&Power Co. (VEPCO) to 'A-' from 'BBB' to reflect the enterprise's lower risk profile. We also affirmed the 'A-2' commercial paper rating for both companies. The outlook on Dominion and VEPCO is stable. Dominion's business risk profile is in the low end of the "Excellent" range of Standard&Poor's corporate ratings matrix, and we consider the financial profile to be "Aggressive." (Corporate risk profiles are assigned one of five designations ranging from "Excellent" to "Vulnerable" for business risk and from "Minimal" to "Highly Leveraged" for financial risk.) Richmond, Va.-based Dominion and VEPCO have about $13 billion of
