New York (Standard&Poor's) May 20, 2002--Standard&Poor's said today that it affirmed its ratings and outlook on Dominion Resources Inc. (BBB+/Stable/A-2), its utility subsidiaries Consolidated Natural Gas Co. (BBB+/Stable/A-2) and Virginia Electric&Power Co. (A/Stable/A-1), and other subsidiaries. Rating triggers contained in Dominion's financing for Dominion Fiber Ventures are factored into the current ratings. Standard&Poor's believes Dominion and its main subsidiaries maintain access to bank facilities and capital markets to adequately mitigate liquidity risks arising from its ratings triggers. Standard&Poor's currently sees no evidence of a liquidity crisis at Dominion. Among the existing liquidity facilities are bank revolvers consisting of $1.25 billion in 364-day loans with a one-year term out and $750
