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Dominion Resources today announced that it is raising its 2001 earnings target by 30 cents per share, attributable to expected strong revenues across all of its lines of business.

This would represent nearly a 24 percent increase over current First Call analyst consensus earnings estimates of $3.31 per share in 2000. The new 2001 earnings goal includes expected earnings accretion of 5 cents per share resulting from the pending acquisition of the Millstone nuclear plant in Waterford, CT.

Dominion also announced today that it is raising its 2002 earnings target to $4.40 to $4.50 per share, up from the previous target of $4.10 to $4.18 per share. In addition, Dominion announced that it expects to meet or exceed fourth-quarter 2000 First Call consensus analyst estimates of 57 cents per share, attributable to strong revenues.

Always Long,
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