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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the Calendar Quarter Ended June 30, 2000
Dominion Resources, Inc.
(Name of registered holding company)
120 Tredegar Street
Richmond, Virginia 23219
(Address of principal executive offices
Table of Contents
Page
____
Item 1. Organization Chart 2
Item 2. Issuance and Renewals of Securities
and Capital Contributions 3
Item 3. Associate Transactions 4
Item 4. Summary of Aggregate Investment 6
Item 5. Other Investments 7
Item 6. Financial Statements and Exhibits 7
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ITEM 1 - ORGANIZATION CHART
Name of Energy or Date of State of %of voting Nature
Reporting Gas Related Organiz- Incorpor- Securities of
Company Company ation ation Held Business
_________ ___________ ________ _________ __________ ________
Dominion Energy,
Inc.("DEI")(a)
Dominion Energy Energy 2/22/00(b) Virginia 100% (c)
Direct Sales, Related
Inc.("DEDS")
(a) DEI is a wholly-owned subsidiary of Dominion Resources, Inc. ("DRI"),
which became a registered holding company subsequent to the merger of
Consolidated Natural Gas Company ("CNG") into a wholly-owned
subsidiary of DRI on January 28, 2000.
(b) DEDS began active business in June of 2000.
(c) DEDS was formed to engage in the business of providing energy
services, including retail sales of electricity and gas to commercial
and industrial users, engineering, consulting and construction
activities and other energy related services.
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ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
Company Company
Contributing Receiving Type and Amount of
Capital Capital Capital Infusion
____________ _________ __________________
DEI DEDS $1,000 in return for
100 shares of no par
common stock
(d)
(d) DEDS also receives intercompany advances from DEI. During the quarter
DEDS received $282,820 in such advances and has made no repayments of
advances.
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ITEM 3 - ASSOCIATE TRANSACTIONS
Part I - Transactions Performed by Reporting Companies on Behalf of
Associate Companies
Reporting Associate
Company Company Types of Direct Indirect Cost Total
Rendering Receiving Services Costs Costs or Amount
Service Service(e) Rendered Charged Charged Capital Billed
_________ _________ ________ _______ ________ _______ ______
DEDS Evantage Project $119,590 $227,388 0 $346,978
Division Management,
of Virginia Engineering,
Power Marketing
DEDS Virginia Project 57,129 0 0 57,129
Power Management
Energy
Marketing,
Inc.
(e) All services are being provided at cost and are being billed through
Dominion Resources Service Company, Inc. As per Rules 80 and 81,
energy purchases are not reported hereunder.
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Part II - Transactions Performed by Associate Companies on Behalf of
Reporting Companies
Associate Reporting
Company Company Types of Direct Indirect Cost Total
Rendering Receiving Services Costs Costs of Amount
Services Service Rendered Charged Charged Capital Billed
_________ _________ ________ ________ ________ _______ ________
None (f)
(f) DEDS receives services from Dominion Resources Services, Inc. which
are billed through DEDS' immediate parent, DEI. Such services are
billed pursuant to DEI's standard at-cost service agreement with
Dominion Resources Services, Inc. and Consolidated Natural Gas Service
Company, Inc. Information with respect to transactions under such
agreements is not provided in this report, but will be provided by
Form U-13-60.
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ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies (in thousands):
Total consolidated capitalization
of DRI as of June 30, 2000 $16,639,793 Line 1
Total capitalization multiplied by 15%
(Line 1 multiplied by 0.15) 2,495,969 Line 2
Greater of $50 million or line 2 2,495,969 Line 3
Total current aggregate investment:
(categorized by major line of
energy-related business) 284 Line 4
Difference between the greater of $50
million or 15% of capitalization and
the total aggregate investment of the
registered holding system
(line 3 less line 4) 2,495,685
Investments in gas-related companies
(in thousands):
Total current aggregate investment: None(g)
(categorized by major line of
gas-related business)
(g) CNG, which is registered as a holding company solely by reason of
ownership of voting securities of gas utility companies, has a gas-
related company which is covered by a Form U-9C-3 filed by CNG.
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ITEM 5 - OTHER INVESTMENTS
Major Line of Other Invest- Other Invest- Reason for
Energy-Related ment in Last ment in this Difference in
Business U-9C-3 Report U-9C-3 Report Other Investment
______________ _____________ _____________ ________________
None
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
A. Financial Statements
Balance sheet as of June 30, 2000 and income statements for the three
and six months ending June 30, 2000 of DEDS.
(Filed under confidential treatment pursuant to Rule 104(b))
The certificate as to filing with interested state commissions will be
attached hereto as Exhibit B beginning with the next quarterly filing.
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SIGNATURE
The undersigned registered holding company has duly caused this
quarterly report to be signed on its behalf by the undersigned attorney
thereunto duly authorized pursuant to the requirements of the Public
Utility Holding Company Act of 1935.
DOMINION RESOURCES, INC.
By: N. F. Chandler
Its Attorney
August 29, 2000
