Exhibit 4.3



 Exhibit 4.3 
  

DOMINION RESOURCES, INC. 
 Issuer 

 
 TO 
  
 JPMORGAN CHASE BANK 
 (formerly known as The Chase Manhattan Bank) 
 Trustee 
  

  
 Twenty-Sixth Supplemental Indenture 
  
 Dated as of
January 1, 2004 
  

  
 $100,000,000 
  
 2004 Series B Floating Rate Senior Notes 
  
 Due 2006 







  
 TABLE OF CONTENTS*

  

	 ARTICLE I
 2004 SERIES B FLOATING RATE SENIOR NOTES

			
	 SECTION 101.
	  	Establishment	  	1
	 SECTION 102.
	  	Definitions	  	2
	 SECTION 103.
	  	Payment of Principal and Interest	  	4
	 SECTION 104.
	  	Denominations	  	6
	 SECTION 105.
	  	Global Securities	  	6
	 SECTION 106.
	  	Redemption	  	6
	 SECTION 107.
	  	Sinking Fund	  	6
	 SECTION 108.
	  	Additional Interest	  	6
	 SECTION 109.
	  	Paying Agent	  	7
	 SECTION 110.
	  	Limitation on Liens	  	7
	
	 ARTICLE II
 MISCELLANEOUS PROVISIONS

			
	 SECTION 201.
	  	Recitals by Company	  	9
	 SECTION 202.
	  	Ratification and Incorporation of Original Indenture	  	10
	 SECTION 203.
	  	Executed in Counterparts	  	10
	 SECTION 204.
	  	Assignment	  	10



	*	This Table of Contents does not constitute part of the Indenture or have any bearing upon the interpretation of any of its terms and provisions. 

  









 THIS TWENTY-SIXTH SUPPLEMENTAL INDENTURE is made as of the first day of January, 2004, by and between
DOMINION RESOURCES, INC., a Virginia corporation, having its principal office at 120 Tredegar Street, Richmond, Virginia 23219 (the “Company”), and JPMORGAN CHASE BANK (formerly known as THE CHASE MANHATTAN BANK), a New York banking
corporation, as Trustee (herein called the “Trustee”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Company has
heretofore entered into a Senior Indenture, dated as of June 1, 2000 (the “Original Indenture”), as heretofore supplemented and amended, with the Trustee; 
  
 WHEREAS, the Original Indenture is incorporated herein by this reference and the Original Indenture, as heretofore
supplemented and amended and as further supplemented by this Twenty-Sixth Supplemental Indenture, is herein called the “Indenture”; 
  
 WHEREAS, under the Original Indenture, a new series of Securities may at any time be established in accordance with the provisions of the Original
Indenture and the terms of such series may be described by a supplemental indenture executed by the Company and the Trustee; 
  
 WHEREAS, the Company proposes to create under the Indenture a series of Securities; 
  
 WHEREAS, additional Securities of other series hereafter established, except as may be limited in the Original Indenture as
at the time supplemented and modified, may be issued from time to time pursuant to the Indenture as at the time supplemented and modified; and 
  
 WHEREAS, all conditions necessary to authorize the execution and delivery of this Twenty-Sixth Supplemental Indenture and to make it a valid and binding
obligation of the Company have been done or performed. 
  
 NOW,
THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
 2004 SERIES B FLOATING RATE SENIOR NOTES DUE 2006 
  
 SECTION 101. Establishment. There is hereby established a new series of Securities to be issued under the Indenture, to be designated as the
Company’s 2004 Series B Floating Rate Senior Notes Due 2006 (the “Series B Senior Notes”). 
  
 There are to be authenticated and delivered $100,000,000 principal amount of Series B Senior Notes, and such principal amount of the Series B Senior Notes
may be increased from time to time pursuant to Section 301(2) of the Indenture. All Series B Senior Notes need not be issued at the same time and such series may be reopened at any time, without the consent of any Holder, for issuances of additional
Series B Senior Notes. Any such additional Series B Notes 

  









 
will have the same interest rate, maturity and other terms as those initially issued. Further Series B Senior Notes may also be authenticated and delivered
as provided by Sections 304, 305, 306 or 905 of the Original Indenture. 
  
 The Series B Senior Notes shall be issued in definitive fully registered form without coupons, in substantially the form set out in Exhibit A hereto. The entire initially issued principal amount of the Series B Senior Notes shall
initially be evidenced by one or more certificates issued to Cede & Co., as nominee for The Depository Trust Company. 
  
 The form of the Trustee’s Certificate of Authentication for the Series B Senior Notes shall be in substantially the form set forth in Exhibit
B hereto. 
  
 Each Series B Senior Note shall be dated the
date of authentication thereof and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for. 
  
 SECTION 102. Definitions. The following defined terms used herein
shall, unless the context otherwise requires, have the meanings specified below. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Original Indenture. 
  
 “Business Day” means a day other than (i) a Saturday or a Sunday,
(ii) a day on which banks in New York, New York are authorized or obligated by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office is closed for business. 
  
 “Calculation Agent” means JPMorgan Chase Bank, or its successor
appointed by the Company, acting as calculation agent. 
  
 “Interest Payment Dates” means, subject to Section 103, February 15, May 15, August 15 and November 15 of each year, commencing on February 15, 2004. 
  
 “Initial Interest Rate” has the meaning set forth in Section 103. 
  
 “LIBOR Business Day” means any Business Day on which dealings in
deposits in U.S. Dollars are transacted in the London Inter-Bank Market. 
  
 “LIBOR Interest Determination Date” means the second LIBOR Business Day preceding each LIBOR Rate Reset Date. 
  
 “LIBOR Rate Reset Date” means, subject to Section 103, the 15th day of the months of February, May, August and November of each year commencing on February 15, 2004. 
  
 “Lien” means any mortgage, lien, pledge, security interest or other
encumbrance of any kind. 
  
 “Material Subsidiary” means
a Subsidiary of the Company whose total assets (as determined in accordance with GAAP) represent at least 20% of the total assets of the Company on a consolidated basis. 
  

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 “One Month LIBOR Rate” means 1.40% per annum. 
  
 “Original Issue Date” means January 15, 2004. 
  
 “Outstanding”, when used with respect to the Series B Senior Notes,
means, as of the date of determination, all Series B Senior Notes, theretofore authenticated and delivered under the Indenture, except: 
  
 (i) Series B Senior Notes theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
  
 (ii) Series B Senior Notes for whose payment at Maturity the
necessary amount of money or money’s worth has been theretofore deposited (other than pursuant to Section 402 of the Original Indenture) with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust
by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Series B Senior Notes. 
  
 (iii) Series B Senior Notes with respect to which the Company has effected defeasance or covenant defeasance has been effected pursuant to
Section 402 of the Original Indenture; and 
  
 (iv) Series B Senior Notes that have been paid pursuant to Section 306 of the Original Indenture or in exchange for or in lieu of which other Series B Senior Notes have been authenticated and delivered pursuant to the Indenture, other than
any such Series B Senior Notes in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Series B Senior Notes are held by a bona fide purchaser in whose hands such Series B Senior Notes are valid
obligations of the Company; provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding Series B Senior Notes have given any request, demand, authorization, direction, notice, consent or waiver
hereunder or are present at a meeting of Holders of Series B Senior Notes for quorum purposes, Series B Senior Notes owned by the Company or any other obligor upon the Series B Senior Notes or any Affiliate of the Company or such other obligor shall
be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making any such determination or relying upon any such request, demand, authorization, direction, notice, consent or waiver, only
Series B Senior Notes which a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Series B Senior Notes so owned which shall have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to
the satisfaction of the Trustee (A) the pledgee’s right so to act with respect to such Series B Senior Notes and (B) that the pledgee is not the Company or any other obligor upon the Series B Senior Notes or an Affiliate of the Company or such
other obligor. 
  
 “Principal Property” means any plant
or facility of the Company located in the United States that in the opinion of the Board of Directors or management of the Company is of material importance to the business conducted by the Company and its consolidated Subsidiaries taken as whole.

  

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 “Regular Record Date” means, with respect to each Interest Payment Date, the close of business
on the Business Day preceding such Interest Payment Date; provided, that with respect to Series B Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be the close of business on the
15th calendar day (whether or not a Business Day) preceding such Interest Payment Date. 
  
 “Stated Maturity” means May 15, 2006. 
  
 “Telerate Page 3750” means the display designated as “Telerate
page 3750” on Moneyline Telerate, Inc. (or such other page as may replace “Telerate page 3750” on such service) or such other service displaying the offer prices, as may replace Moneyline Telerate, Inc. 
  
 “Three Month LIBOR Rate” means the rate determined in accordance
with the following provisions: 
  
 (1) On the LIBOR Interest
Determination Date, the Calculation Agent or its affiliate will determine the Three Month LIBOR Rate which shall be the rate for deposits in U.S. Dollars having a three-month maturity which appears on the Telerate Page 3750 as of 11:00 a.m., London
time, on the LIBOR Interest Determination Date. 
  
 (2) If no rate
appears on Telerate Page 3750 on the LIBOR Interest Determination Date, the Calculation Agent or its affiliate will request the principal London offices of four major reference banks in the London Inter-Bank Market, to provide it with their offered
quotations for deposits in U.S. Dollars for the period of three months, commencing on the applicable LIBOR Rate Reset Date, to prime banks in the London Inter-Bank Market at approximately 11:00 a.m., London time, on that LIBOR Interest Determination
Date and in a principal amount that is representative for a single transaction in U.S. Dollars in that market at that time. If at least two quotations are provided, then the Three Month LIBOR Rate will be the average (rounded, if necessary, to the
nearest one hundredth (0.01) of a percent) of those quotations. If fewer than two quotations are provided, then the Three Month LIBOR Rate will be the average (rounded, if necessary, to the nearest one hundredth (0.01) of a percent) of the rates
quoted at approximately 11:00 a.m., New York City time, on the LIBOR Interest Determination Date by three major banks in New York City selected by the Calculation Agent or its affiliate for loans in U.S. Dollars to leading European banks, having a
three-month maturity and in a principal amount that is representative for a single transaction in U.S. Dollars in that market at that time. If the banks selected by the Calculation Agent or its affiliate are not providing quotations in the manner
described by this paragraph, the rate for the period following the LIBOR Interest Determination Date will be the rate in effect on that LIBOR Interest Determination Date. 
  
 SECTION 103. Payment of Principal and Interest. The principal of the Series B Senior Notes shall be due at the Stated
Maturity. The unpaid principal amount of the Series B Senior Notes shall bear interest at a floating rate per annum determined by the Calculation Agent as described below until paid or duly provided for, such interest to accrue from the Original
Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid quarterly in arrears on each Interest Payment Date to the Person in whose name the Series B Senior Notes are
registered on the Regular Record Date for 

  

 4 








 
such Interest Payment Date; provided that interest payable at the Stated Maturity of principal as provided herein will be paid to the Person to whom
principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series B
Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders
of the Series B Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series B Senior
Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Original Indenture. 
  
 The per annum interest rate on the Series B Senior Notes will be equal to the Three Month LIBOR Rate plus 30 basis points (0.30%); provided that the per
annum interest rate for the period from the Original Issue Date to the first LIBOR Rate Reset Date will be the One Month LIBOR Rate plus 30 basis points (0.30%) (the “Initial Interest Rate”). The per annum interest rate shall be reset on
each LIBOR Rate Reset Date. 
  
 If any LIBOR Rate Reset Date falls
on a day that is not a Business Day, the LIBOR Rate Reset Date will be postponed to the next day that is a Business Day, except that if that Business Day is in the next succeeding calendar month, the LIBOR Rate Reset Date will be the next preceding
Business Day. The interest rate in effect on any LIBOR Rate Reset Date will be the applicable rate as reset on that date. The interest rate applicable to any other day will be either the Initial Interest Rate or the interest rate as reset on the
immediately preceding LIBOR Rate Reset Date. 
  
 The amount of
interest payable will be computed on the basis of the actual number of days in the relevant year divided by a 360-day year. If any Interest Payment Date, other than the Stated Maturity of the Series B Senior Notes, falls on a day that is not a
Business Day, the Interest Payment Date will be postponed to the next day that is a Business Day, except that if that Business Day is in the next succeeding calendar month, the Interest Payment Date will be the immediately preceding Business Day. If
the Stated Maturity of the Series B Senior Notes falls on a day that is not a Business Day, the payment of interest and principal will be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and
after the Stated Maturity. 
  
 Accrued interest on any Series B
Senior Note will be calculated by multiplying the principal amount of the Series B Senior Note by an accrued interest factor. The accrued interest factor will be computed by adding the interest factors calculated for each day in the period for which
interest is being paid. The interest factor for each day is computed by dividing the interest rate applicable to that day by 360. 
  
 Payment of the principal and interest on the Series B Senior Notes shall be made at the office of the Paying Agent in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series B Senior Notes being made upon surrender of such Series B Senior Notes to the
Paying Agent. Payments of interest (including interest on any 

  

 5 








 
Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least sixteen
(16) days prior to the date for payment by the Person entitled thereto. 
  
 SECTION 104. Denominations. The Series B Senior Notes may be issued in denominations of $1,000, or any integral multiple thereof. 
  
 SECTION 105. Global Securities. The Series B Senior Notes will be issued initially in the form of one or more Global Securities registered in the
name of the Depositary (which shall be The Depository Trust Company) or its nominee. Except under the limited circumstances described below, Series B Senior Notes represented by such Global Securities will not be exchangeable for, and will not
otherwise be issuable as, Series B Senior Notes in definitive form. The Global Securities described above may not be transferred except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another
nominee of the Depositary or to a successor Depositary or its nominee. 
  
 Owners of beneficial interests in such a Global Security will not be considered the Holders thereof for any purpose under the Indenture, and no Global Security representing a Series B Senior Note shall be exchangeable, except for another
Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor Depositary or its nominee or except as described below. The rights of Holders of such Global Security shall be exercised
only through the Depositary. 
  
 A Global Security shall be
exchangeable for Series B Senior Notes registered in the names of persons other than the Depositary or its nominee only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as a Depositary for such Global Security
and no successor Depositary shall have been appointed by the Company within 90 days of receipt by the Company of such notification, or if at any time the Depositary ceases to be a clearing agency registered under the Exchange Act at a time when the
Depositary is required to be so registered to act as such Depositary and no successor Depositary shall have been appointed by the Company within 90 days after it becomes aware of such cessation, or (ii) the Company in its sole discretion determines
that such Global Security shall be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Series B Senior Notes registered in such names as the Depositary shall direct. 
  
 SECTION 106. Redemption. The Series B Senior Notes shall not be
redeemable prior to Stated Maturity. 
  
 SECTION 107. Sinking
Fund. The Series B Senior Notes shall not have a sinking fund. 
  
 SECTION 108. Additional Interest. Any principal of and installment of interest on the Series B Senior Notes that is overdue shall bear interest at the then applicable interest rate (to 

  

 6 








 
the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for
payment, and such interest shall be payable on demand. 
  
 SECTION
109. Paying Agent. The Trustee shall initially serve as Paying Agent with respect to the Series B Senior Notes, with the Place of Payment initially being the Corporate Trust Office of the Trustee. 
  
 SECTION 110. Limitation on Liens. The Company will not, while any of
the Series B Senior Notes remain Outstanding, create, or suffer to be created or to exist, any Lien upon any Principal Property of the Company or upon any shares of stock of any Material Subsidiary of the Company, whether such Principal Property is,
or shares of stock are, now owned or hereafter acquired, to secure any indebtedness for borrowed money of the Company, unless it shall make effective provision whereby the Series B Senior Notes then Outstanding shall be secured by such Lien equally
and ratably with any and all indebtedness for borrowed money thereby secured so long as any such indebtedness shall be so secured; provided, however, that nothing in this Section shall be construed to prevent the Company from creating, or from
suffering to be created or to exist, any Liens, or any agreements, with respect to: 
  

	 	(1)	purchase money mortgages, or other purchase money liens, pledges, security interests or encumbrances of any kind upon property hereafter acquired by the Company, or Liens of any
kind existing on any property or any shares of stock at the time of the acquisition thereof (including Liens which exist on any property or any shares of stock of a Person which is consolidated with or merged with or into the Company or which
transfers or leases all or substantially all of its properties to the Company), or conditional sales agreements or other title retention agreements and leases in the nature of title retention agreements with respect to any property hereafter
acquired; provided, however, that no such Lien shall extend to or cover any other property of the Company; 

  

	 	(2)	 Liens upon any property of the Company or any shares of stock of any Material Subsidiary of the Company existing as of the date of the initial issuance of the
Series B Senior Notes or upon the shares of stock of any corporation, which Liens existed at the time such corporation became a Material Subsidiary of the Company; liens for taxes or assessments or other governmental charges or levies; pledges to
secure other governmental charges or levies; pledges or deposits to secure obligations under worker’s compensation laws, unemployment insurance and other social security legislation, including liens of judgments thereunder which are not
currently dischargeable; pledges or deposits to secure performance in connection with bids, tenders, contracts (other than contracts for the payment of money) or leases to which the Company is a party; pledges or deposits to secure public or
statutory obligations of the Company; builders’, materialmen’s, mechanics’, carriers’, warehousemen’s, workers’, repairmen’s, operators’, landlords’ or other like liens in the ordinary course of business,
or deposits to obtain the release of such liens; pledges or deposits to secure, or in lieu of, surety, stay, appeal, indemnity, customs, performance or return-of-money bonds; other 



  

 7 









	 	 
pledges or deposits for similar purposes in the ordinary course of business; liens created by or resulting from any litigation or proceeding which at the
time is being contested in good faith by appropriate proceedings; liens incurred in connection with the issuance of bankers’ acceptances and lines of credit, bankers’ liens or rights of offset and any security given in the ordinary course
of business to banks or others to secure any indebtedness payable on demand or maturing within 12 months of the date that such indebtedness is originally incurred; liens incurred in connection with repurchase, swap or other similar agreements
(including, without limitation, commodity price, currency exchange and interest rate protection agreements); leases made, or existing on property acquired, in the ordinary course of business; liens securing industrial revenue or pollution control
bonds; liens, pledges, security interests or other encumbrances on any property arising in connection with any defeasance, covenant defeasance or in-substance defeasance of indebtedness of the Company, including the Series B Senior Notes; liens
created in connection with, and created to secure, a non-recourse obligation; zoning restrictions, easements, licenses, rights-of-way, restrictions on the use of property or minor irregularities in title thereto, which do not, in the opinion of the
Company, materially impair the use of such property in the operation of the business of the Company or the value of such property for the purpose of such business; 


  

	 	(3)	Liens in favor of the United States, any foreign country or any department, agency or instrumentality or political subdivision of any such jurisdiction, to secure partial, progress,
advance or other payments pursuant to any contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of constructing or improving the property subject to such mortgages,
including, without limitation, mortgages to secure indebtedness of the pollution control or industrial revenue bond type; 

  

	 	(4)	indebtedness which may be issued by the Company in connection with a consolidation or merger of the Company or any Material Subsidiary of the Company with or into any other Person
(which may be an Affiliate of the Company or any Material Subsidiary of the Company) in exchange for or otherwise in substitution for secured indebtedness of such Person (“Third Party Debt”) which by its terms (i) is secured by a mortgage
on all or a portion of the property of such Person, (ii) prohibits secured indebtedness from being incurred by such Person, unless the Third Party Debt shall be secured equally and ratably with such secured indebtedness or (iii) prohibits secured
indebtedness from being incurred by such Person; 

  

	 	(5)	indebtedness of any Person which is required to be assumed by the Company in connection with a consolidation or merger of such Person, with respect to which any property of the
Company is subjected to a Lien; 

  

	 	(6)	 Liens of any kind upon any property acquired, constructed, developed or improved by the Company (whether alone or in association with others) after the date of the
initial issuance of the Series B Senior Notes which are created prior to, 



  

 8 









	 	 
at the time of, or within 18 months after such acquisition (or in the case of property constructed, developed or improved, after the completion of such
construction, development or improvement and commencement of full commercial operation of such property, whichever is later) to secure or provide for the payment of any part of the purchase price or cost thereof; provided that in the case of such
construction, development or improvement the Liens shall not apply to any property theretofore owned by the Company other than theretofore unimproved real property; 


  

	 	(7)	Liens in favor of the Company, one or more Material Subsidiaries of the Company, one or more wholly-owned Subsidiaries of the Company or any of the foregoing in combination;


  

	 	(8)	the replacement, extension or renewal (or successive replacements, extensions or renewals), as a whole or in part, of any Lien, or of any agreement, referred to above in clauses (1)
through (7) inclusive, or the replacement, extension or renewal (not exceeding the principal amount of indebtedness secured thereby together with any premium, interest, fee or expense payable in connection with any such replacement, extension or
renewal) of the indebtedness secured thereby; provided that such replacement, extension or renewal is limited to all or a part of the same property that secured the Lien replaced, extended or renewed (plus improvements thereon or additions or
accessions thereto); or 

  

	 	(9)	any other Lien not excepted by the foregoing clauses (1) through (8); provided that immediately after the creation or assumption of such Lien, the aggregate principal amount of
indebtedness for borrowed money of the Company secured by all Liens created or assumed under the provisions of this clause (9) shall not exceed an amount equal to 10% of the common shareholders’ equity of the Company, as shown on its
consolidated balance sheet for the accounting period occurring immediately prior to the creation or assumption of such Lien. 

  
 This Section 110 has been included in this Twenty-Sixth Supplemental Indenture expressly and solely for the benefit of the Series B Senior Notes and shall
be subject to covenant defeasance pursuant to Section 402(3) of the Original Indenture. 
  
 ARTICLE II 
 MISCELLANEOUS PROVISIONS 
  
 SECTION 201. Recitals by Company. The recitals in this Twenty-Sixth
Supplemental Indenture are made by the Company only and not by the Trustee, and all of the provisions contained in the Original Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in
respect of the Series B Senior Notes and of this Twenty-Sixth Supplemental Indenture as fully and with like effect as if set forth herein in full. 
  

 9 








 SECTION 202. Ratification and Incorporation of Original Indenture. As supplemented hereby, the
Original Indenture is in all respects ratified and confirmed, and the Original Indenture and this Twenty-Sixth Supplemental Indenture shall be read, taken and construed as one and the same instrument. 
  
 SECTION 203. Executed in Counterparts. This Twenty-Sixth Supplemental
Indenture may be executed in several counterparts, each of which shall be deemed to be an original, and such counterparts shall together constitute but one and the same instrument. 
  
 SECTION 204. Assignment. The Company shall have the right at all times to assign any of its rights or obligations
under the Indenture with respect to the Series B Senior Notes to a direct or indirect wholly-owned subsidiary of the Company; provided that, in the event of any such assignment, the Company shall remain primarily liable for the performance of all
such obligations. The Indenture may also be assigned by the Company in connection with a transaction described in Article Eight of the Original Indenture. 
  

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 IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name and behalf by
its duly authorized officer, all as of the day and year first above written. 
  

	DOMINION RESOURCES, INC.
		
	By:	 	 
	 	

	 Name:
	 	 G. Scott Hetzer

	 Title:
	 	 Senior Vice President and Treasurer



  
  

	JPMORGAN CHASE BANK, as Trustee
		
	By:	 	 
	 	

	 Name:
	 	 
	 	

	 Title:
	 	 
	 	



  

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 EXHIBIT A 
  

FORM OF 
 2004 SERIES B FLOATING
RATE SENIOR NOTE 
 DUE 2006 
  
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF [CEDE & CO.] OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT
IS MADE TO [CEDE & CO.], ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, [CEDE & CO.], HAS AN INTEREST HEREIN.]** 
  
 [THIS SERIES B SENIOR NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SERIES B SENIOR NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SERIES B SENIOR NOTE IN WHOLE
OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.] ** 
  

  
 DOMINION RESOURCES, INC. 
  

  
 $          ,000,000 
 2004 SERIES B FLOATING RATE SENIOR NOTE 
 DUE
2006 
  

	 No. R-
	 	CUSIP No. 25746U AS 8

  
 Dominion Resources,
Inc., a corporation duly organized and existing under the laws of Virginia (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
[Cede & Co.]**, or registered assigns (the “Holder”), the principal sum of                      Dollars
($          ) on May 15, 2006 and to pay interest thereon from January 15, 2004 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly in
arrears on February 15, May 15, August 15 and November 15 of each year, commencing on February 15, 2004, at a floating rate per annum determined by JPMorgan Chase Bank, or its 


	**	Insert in Global Securities. 

  









 successors as calculation agent (the “Calculation Agent”) in accordance with the procedures referred to herein,
until the principal hereof is paid or made available for payment, provided that any principal, and any such installment of interest, that is overdue shall bear interest at the then applicable interest rate (to the extent that the payment of such
interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Series B Senior Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest;
provided that the interest payable at Stated Maturity will be paid to the Person to whom principal is payable. The Regular Record Date shall be the close of business on the Business Day preceding such Interest Payment Date; provided, that
with respect to Series B Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be the close of business on the 15th calendar day (whether or not a Business Day) preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid to the Person in whose name this Series B Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest
to be fixed by the Trustee, notice whereof shall be given to Holders of Series B Senior Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Series B Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
  
 The per annum interest rate on the Series B Senior Notes will be equal to the Three Month LIBOR Rate plus 30 basis points
(0.30%); provided that the per annum interest rate for the period from the Original Issue Date to the first LIBOR Rate Reset Date will be the One Month LIBOR Rate plus 30 basis points (0.30%) (the “Initial Interest Rate”). The per annum
interest rate shall be reset on each LIBOR Rate Reset Date. 
  
 If
any LIBOR Rate Reset Date falls on a day that is not a Business Day, the LIBOR Rate Reset Date will be postponed to the next day that is a Business Day, except that if that Business Day is in the next succeeding calendar month, the LIBOR Rate Reset
Date will be the next preceding Business Day. The interest rate in effect on any LIBOR Rate Reset Date will be the applicable rate as reset on that date. The interest rate applicable to any other day will either be the Initial Interest Rate or the
interest rate as reset on the immediately preceding LIBOR Rate Reset Date. 
  
 The amount of interest payable will be computed on the basis of the actual number of days in the relevant year divided by a 360-day year. If any Interest Payment Date, other than the Stated Maturity of the Series B
Senior Notes, falls on a day that is not a Business Day, the Interest Payment Date will be postponed to the next day that is a Business Day, except that if that Business Day is in the next succeeding calendar month, the Interest Payment Date will be
the immediately preceding Business Day. If the Stated Maturity of the Series B Senior Notes falls on a day that is not a Business Day, the payment of interest and principal will be made on the next succeeding Business Day, and no interest on such
payment will accrue for the period from and after the Stated Maturity. 
  

 2 








 Accrued interest on any Series B Senior Note will be calculated by multiplying the principal amount of
the Series B Senior Note by an accrued interest factor. The accrued interest factor will be computed by adding the interest factors calculated for each day in the period for which interest is being paid. The interest factor for each day is computed
by dividing the interest rate applicable to that day by 360. 
  
 Payment of the principal of and interest on this Series B Senior Note will be made at the office of the Paying Agent, in the Borough of Manhattan, City and State of New York, in such coin or currency of the United States of America as at
the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series B Senior Note being made upon surrender of such Series B Senior Note to such office or agency;
provided, however, that at the option of the Company payment of interest, subject to such surrender where applicable, may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register
or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto.

  
 Reference is hereby made to the further provisions of this
Series B Senior Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
  
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Series B
Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

 3 








 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
  

	 Dated:
	 	 	 	 Dominion Resources, Inc.

					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 

  

 4 








 REVERSE OF SERIES B SENIOR NOTE 
  
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of June 1, 2000, as heretofore supplemented and amended and as further supplemented by a Twenty-Sixth Supplemental Indenture dated as of January 1, 2004 (collectively, as
amended or supplemented from time to time, herein called the “Indenture”, which term shall have the meaning assigned to it in such instrument), between the Company and JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as
Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof (the “Series B
Senior Notes”) which is unlimited in aggregate principal amount. 
  
 The Series B Senior Notes are not redeemable prior to Stated Maturity and shall not have a sinking fund. 
  
 If an Event of Default with respect to Series B Senior Notes shall occur and be continuing, the principal of the Series B Senior Notes may be declared due
and payable in the manner and with the effect provided in the Indenture. 
  
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each
series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the Holder of this Series B Senior Note shall be conclusive and binding upon such Holder and upon all future Holders of this Series B Senior Note and of any Series B Senior Note issued
upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Series B Senior Note. 
  
 As provided in and subject to the provisions of the Indenture, the Holder of this Series B Senior Note shall not have the
right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default with respect to the Series B Senior Notes, the Holders of not less than a majority in principal amount of the Series B Senior Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of
such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Series B Senior Notes at the time Outstanding a direction inconsistent with
such request, and shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any 

  

 5 








 
suit instituted by the Holder of this Series B Senior Note for the enforcement of any payment of principal hereof or premium, if any, or interest hereon on
or after the respective due dates expressed or provided for herein. 
  
 No reference herein to the Indenture and no provision of this Series B Senior Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and
interest on this Series B Senior Note at the times, place and rate, and in the coin or currency, herein prescribed. 
  
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Series B Senior Note is registrable in the
Security Register, upon surrender of this Series B Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of, premium, if any, and interest on this Series B Senior Note are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Series B
Senior Notes and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
  
 The Series B Senior Notes are issuable only in registered form without coupons in denominations of $1,000 and any integral
multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Series B Senior Notes are exchangeable for a like aggregate principal amount of Series B Senior Notes having the same Stated Maturity and of like
tenor of any authorized denominations as requested by the Holder upon surrender of the Series B Senior Note or Series B Senior Notes to be exchanged at the office or agency of the Company. 
  
 No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  
 Prior to due presentment of this Series B Senior Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Series B Senior Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
  
 All terms used in this Series B Senior Note that are
defined in the Indenture shall have the meanings assigned to them in the Indenture. 
  

 6 








 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to
applicable laws or regulations: 
  

		
	 TEN COM -
	  	as tenants in common
		
	 TEN ENT -
	  	as tenants by the entireties
		
	 JT TEN -
	  	as joint tenants with rights of survivorship and not as tenants in common
		
	 UNIF GIFT MIN ACT -
	  	______________________________________ Custodian for
	 	  	(Cust)
		
	 	  	______________________________________
	 	  	(Minor)
		
	 	  	Under Uniform Gifts to Minors Act of
		
	 	  	______________________________________
	 	  	(State)
	
	Additional abbreviations may also be used though not on the above list.
	
	_____________________________________________________________

  

 7 








 FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
 (please insert Social Security or other identifying number of assignee) 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE 
  

the within Series B Senior Note and all rights thereunder, hereby irrevocably constituting and appointing 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
 agent to transfer said Series B Senior Note on the books of the Company, with full power of substitution in the premises. 
  
 Dated:
                         ,          
  

	
	 
	

	 


  
 NOTICE: The signature to this
assignment must correspond with the name as written upon the face of the within instrument in every particular without alteration or enlargement, or any change whatever. 
  

 8 








 EXHIBIT B 
 CERTIFICATE OF AUTHENTICATION 
  
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

	 JPMORGAN CHASE BANK,
 as
Trustee

		
	By:	 	 
	 	

	 	 	 Authorized Officer