1. Jeffrey A. Murphy Managing Director, Commercial Operations Dominion East Ohio June 5, 2009

2. Natural Gas Market Dynamics Price Volatility Supply and Demand Fundamentals Dominion East Ohio Market

3. Price Volatility

4. Historical Price Movement Source: www.hessenergy.com

5. July ‘09 NYMEX Contract Pricing Source: www.hessenergy.com

6. Forward NYMEX NG Prices Source: www.nymex.com

7. June 2, 2009 Gas Daily Headlines NYMEX leaps 41.4 cents, but cash prices weaken “the NYMEX price soared ‘for no good reason’ given that fundamentals have not changed much from last week.” Bears in control as new hurricane season begins “nothing - save a catastrophic hurricane … - should prevent gas prices from falling even further this summer” S&P: Outlook murky for North American gas sector “the key for oil and gas is the development of demand, and demand right now is heading downhill…” See: www.platts.com

8. Key Drivers

9. Key Drivers: Reduced Demand Source: www.eia.doe.gov Weather-Normalized R&C Demand Is Less

10. Key Drivers: Reduced Demand Source: www.eia.doe.gov Industrial and Power Generation Demand Is Much Less

11. Key Drivers: Drilling Activity Source: EIA Natural Gas Year In Review 2008

12. Key Drivers: Drilling Activity Source: www.bakerhughesdirect.com

13. Key Drivers: Domestic Production Source: www.eia.doe.gov

14. Key Drivers: Domestic Production Source: EIA Annual Energy Outlook 2009

15. Key Drivers: New Reserves Source: FERC Natural Gas Market Overview (12/5/08)

16. Key Drivers: LNG Imports Source: www.eia.doe.gov

17. Key Drivers: Storage Inventories Source: www.eia.doe.gov

18. Key Drivers: Pipeline Capacity Source: rexpipeline.com

19. Dominion East Ohio Market

20. Energy Choice Enrollments

21. Pre-SSO (9/06) to Today (12/08) September 2006December 2008 Residential Choice Customers 476,000504,000 Non-Res. Choice Customers 39,00042,000 Aggregation Customers 282,000303,000 Total Choice Customers 797,000849,000 # of Suppliers 1619

22. Energy Choice Market Shares – 12/08 Aggregation (36%) A B C D Other 13 Energy Choice Participation Rates: Residential Non-PIPP: 78% Nonresidential: 75% E F

23. What is Dominion Doing Now? Dominion is continuing its transition from traditional regulated natural gas sales to a more competitive market for its customers Dominion will continue to focus on providing regulated distribution service to its 1.2 million customers Dominion conducted its first Standard Service Offer auction in August 2006 to purchase natural gas for its sales customers In February 2009, Dominion conducted two more auctions for Standard Service Offer (SSO) and Standard Choice Offer (SCO) commodity service In April 2009, Dominion placed all Choice-eligible customers into a direct retail relationship with an Energy Choice supplier at the SCO rate established in the auction SSO/SCO auction process will be repeated in 2010

24. Resources: Residential/Small Commercial www.dominiongaschoice.com Larger Commercial/Industrial www.dom.com