On Sept. 9, 2002 Standard&Poor's Ratings Services assigned its 'BBB+' rating to Dominion Resources Inc.'s (DRI; BBB+/Stable/A-2) $520 million series C senior notes due 2012. DRI expects to use the net proceeds from the issue to replace its series 2000D and 2000F remarketable notes due 2012. The ratings on the Virginia-based electricity provider and its wholly owned subsidiary, Consolidated Natural Gas Co. (CNG; BBB+/Stable/A-2), reflect the consolidated credit quality of DRI. The higher corporate credit rating assigned to Virginia Electric&Power Co. (VP; A/Stable/A-1), another DRI subsidiary, is supported by that utility's adequate credit protection measures on a stand-alone basis, combined with statutory insulation that allows Standard&Poor's to view dividend payments to the parent as
