In the summary published April 16, 2004, the location for the use of 42% of Dominion's capital expenditures in 2003 was misstated. It is for offshore development. A corrected version follows. The ratings on Dominion Resources Inc. are supported by cash flow stability and a favorable regulatory environment for its utility subsidiary. These strengths are offset by relatively riskier exploration and production (E&P) operations, which have expanded, and a financial position that is currently weak for a business position score of '6'. Richmond, Va.- based Dominion had about $19 billion of debt (including hybrids and off-balance-sheet debt) as of Dec. 31, 2003. Subsidiary Virginia Electric&Power Co. is rated higher than parent Dominion due to regulatory insulation. Virginia statutes
