Dominion East Ohio Gas Union
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

FORM 11-K



(Mark One):
  
     
X
  
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
For the fiscal year ended December 31, 2005.
     
   
or
     
   
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
For the transition period from _________ to ________________.
     


Commission File Number 333-85904

A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:
   
DOMINION EAST OHIO GAS UNION SAVINGS PLAN FOR EMPLOYEES REPRESENTED BY
THE NATURAL GAS WORKERS UNION,
LOCAL 555, SEIU, AFL-CIO
   
B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
 
DOMINION RESOURCES, INC.
120 Tredegar Street
Richmond, VA 23219

 


DOMINION EAST OHIO GAS UNION SAVINGS PLAN
FOR EMPLOYEES REPRESENTED BY THE NATURAL GAS
WORKERS UNION, LOCAL 555, SEIU, AFL-CIO
 
TABLE OF CONTENTS
 
 
Page
 
 
Report of Independent Registered Public Accounting Firm
 
2
   
 
Financial Statements:
  
 
  Statements of Net Assets Available for Benefits as of December 31, 2005 and 2004
 
3
 
  Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2005
 
4
 
  Notes to Financial Statements
 
5 - 13
   
Supplemental Schedules:
  
 
  Form 5500, Schedule H, Item 4(i): Schedule of Assets (Held at End of Year) as of December 31, 2005
 
14
 
  Form 5500, Schedule H, Item 4(j): Schedule of Reportable Transactions for the Year Ended December 31, 2005
 
15




Page 2

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Audit Committee and Organization, Compensation, and Nominating Committee of the Board of Directors of Dominion Resources, Inc. and the Trustee and Participants of the Dominion East Ohio Gas Union Savings Plan for Employees Represented by the Natural Gas Workers Union, Local 555, SEIU, AFL-CIO
Richmond, Virginia

We have audited the accompanying statements of net assets available for benefits of the Dominion East Ohio Gas Union Savings Plan for Employees Represented by the Natural Gas Workers Union, Local 555, SEIU, AFL-CIO (the “Plan”) as of December 31, 2005 and 2004, and the related statement of changes in net assets available for benefits for the year ended December 31, 2005. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2005 and 2004, and the changes in net assets available for benefits for the year ended December 31, 2005, in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of (1) assets (held at end of year) as of December 31, 2005, and (2) reportable transactions for the year ended December 31, 2005, are presented for the purpose of additional analysis and are not a required part of the basic financial statements, but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These schedules are the responsibility of the Plan's management. Such schedules have been subjected to the auditing procedures applied in our audit of the basic 2005 financial statements and, in our opinion, are fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.

/s/ Deloitte & Touche LLP

Richmond, Virginia
June 16, 2006



Page 3

DOMINION EAST OHIO GAS UNION SAVINGS PLAN
FOR EMPLOYEES REPRESENTED BY THE NATURAL GAS
WORKERS UNION, LOCAL 555, SEIU, AFL-CIO
 
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
 

   
December 31,
         2005       
  
December 31,
         2004       
  
           
Assets:
          
           
  Participant-Directed Investments
  
$
158,601,272
  
$
151,711,007
  
               
  Nonparticipant-Directed Investments
    
6,571,657
    
4,756,898
  
               
  Receivables
    
1,135,772
    
31,004
  
               
            Total Assets
    
166,308,701
    
156,498,909
  
               
Liabilities:
              
               
  Payables for Investments Purchased
    
2,231,783
    
31,223
  
               
  Administrative Expenses Payable
    
94,358
    
65,842
  
               
  Other Liabilities
    
415,393
    
314,355
  
               
            Total Liabilities
    
2,741,534
    
411,420
  
               
NET ASSETS AVAILABLE FOR BENEFITS
  
$
163,567,167
  
$
156,087,489
  
               

 
The accompanying notes are an integral part of the financial statements.


Page 4

DOMINION EAST OHIO GAS UNION SAVINGS PLAN
FOR EMPLOYEES REPRESENTED BY THE NATURAL GAS
WORKERS UNION, LOCAL 555, SEIU, AFL-CIO

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2005 
 
Additions:
      
  Investment Income:
      
    Dividends
  
$
2,274,169
  
    Interest
    
243,100
  
    Net Appreciation in Fair Value of Investments
    
9,882,247
  
    Income from Master Trust
    
3,222,282
  
         
           Total Investment Income
    
15,621,798
  
         
  Contributions:
        
    Participants
    
5,481,301
  
    Employer
    
1,684,710
  
         
         Total Contributions
    
7,166,011
  
         
         Total Additions
    
22,787,809
  
         
Deductions:
        
  Benefits Paid to Participants
    
14,731,436
  
  Administrative Expenses
    
112,168
  
         
          Total Deductions
    
14,843,604
  
         
NET INCREASE IN NET ASSETS BEFORE TRANSFERS
    
7,944,205
  
         
TRANSFER OF PARTICIPANTS' ASSETS FROM THE
  PLAN TO OTHER PLANS
    
(464,527
)
         
NET INCREASE
    
7,479,678
  
         
NET ASSETS AVAILABLE FOR BENEFITS:
        
  Beginning of Year
    
156,087,489
  
 
        
  End of Year
  
$
163,567,167
  
 
        
The accompanying notes are an integral part of the financial statements.



Page 5

DOMINION EAST OHIO GAS UNION SAVINGS PLAN
FOR EMPLOYEES REPRESENTED BY THE NATURAL GAS
WORKERS UNION, LOCAL 555, SEIU, AFL-CIO

NOTES TO FINANCIAL STATEMENTS
 
1.      DESCRIPTION OF PLAN
 
          The following description of the Dominion East Ohio Gas Union Savings Plan for Employees Represented by the Natural Gas Workers Union, Local 555, SEIU, AFL-CIO (the "Plan") provides only general information. Participants should refer to the Plan document for a more complete description of the Plan's provisions.
 
 
a.
GENERAL - The Plan is a defined contribution plan covering union-eligible employees of The East Ohio Gas Company (the "Employer") who are 18 years of age or older. The East Ohio Gas Company is a wholly-owned subsidiary of Consolidated Natural Gas Company (the "Company" or "CNG"). CNG is a wholly-owned subsidiary of Dominion Resources, Inc. ("Dominion"). The Plan administrator is Dominion Resources Services, Inc. (a subsidiary of Dominion). Mellon Bank, N.A. serves as the Trustee of the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA").
 
 
b.
CONTRIBUTIONS - Under the Plan, participants may contribute not less than 2% and not more than 50% of their earnings each pay period, in increments of 1%. Contributions are subject to applicable Internal Revenue Code ("IRC") limitations. The Employer contributes amounts equivalent to 50% of each participant's contributions, not to exceed 3% of the participant's eligible earnings, which is used to purchase Dominion common stock. The Employer's matching contribution is increased to 66.7% of each participant's contributions, not to exceed 4% of participant's eligible earnings, for employees who have 20 or more years of service.
 
 
c.
PARTICIPANT ACCOUNTS - Individual accounts are maintained for each Plan participant. Each participant's account includes the effect of the participant's contributions and withdrawals, as applicable, and allocations of the Employer's contributions, Plan earnings or losses, and administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the vested portion of the participant's account.
 
 
d.
PARTICIPANTS - Each employee is eligible to participate in the Plan on an entirely voluntary basis. Participation by an employee becomes effective immediately upon enrollment in the Plan.
 
 
e.
VESTING - Participants become vested in their own contributions and the earnings on these amounts immediately, and in the Employer's matching contribution and earnings thereon after three years of service.
 
 
f.
FORFEITED ACCOUNTS - At December 31, 2005 and 2004, forfeited non-vested accounts totaled $94 and $5,004, respectively. These accounts are used to reduce future Employer contributions. During the year ended December 31, 2005, Employer contributions were reduced by $5,004 from forfeited accounts.
 


Page 6

 
g.
INVESTMENT OPTIONS 
 
Employee Contributions: Upon enrollment in the Plan, a participant may direct contributions in any option (except the loan fund) in 1% increments totaling to 100%. Changes in investment options may be made at any time and become effective with the subsequent pay period. Participants can make unlimited transfers among existing funds. As discussed in Note 1.k., effective July 6, 2005, the Plan provides for employee contributions to be invested in the following:
 
Dominion Stock Fund

Interest in Master Trust:

Dresdner Large Cap Growth Fund (Dresdner Fund)
Certus Stable Value Fund (Certus Fund)

Common/Collective Trusts:

Northern Trust Global Securities - Aggressive Growth
Northern Trust Global Securities - Conservative
Northern Trust Global Securities - Moderate
Large Cap Value Fund
Wilshire 4500 Index Fund
EB Mellon Total Return Fund
Mellon S&P 500 Index Daily Fund

 Mutual Funds:

Real Estate Fund
Small Cap Value Fund
Vanguard Explorer Fund
Euro Pacific Growth Fund

Employer Contributions: Employer's matching contributions are automatically invested in the Dominion Stock Fund. However, participants may transfer 100% of the value of the company match account into another investment option at anytime.
 
 
h.
PARTICIPANT LOANS - Participants are eligible to secure loans against their plan account and repay the amount over a one to five-year period. The minimum loan amount is $1,000 and the maximum loan amount is the lesser of:
 
  • 50% of the vested account balance or
  •  $50,000 (reduced by the maximum outstanding loan balance during the prior 12 months).

Page 7

Loan transactions are treated as a transfer between the respective investment fund and the loan fund. The loans are interest bearing at one percentage point above the prime rate of interest. The rate is determined every quarter; however, the rate is fixed at the inception of the loan for the life of the loan.
 
Participants make principal and interest payments to the Plan on a bi-monthly basis through payroll deductions. Any defaults in loans result in a reclassification of the remaining loan balances as taxable distributions to the participants.
 
 
i.
PAYMENT OF BENEFITS - On termination of service, a participant may elect to receive either a lump sum amount equal to the value of the participant's vested interest in his or her account, or defer the payment to a future time no later than the year in which the participant attains age 70 1/2. There were no amounts payable to participants at December 31, 2005 and 2004.
 
 
j.
FLEXIBLE DIVIDEND OPTION - Participants are given the choice of (1) receiving cash dividends paid on vested shares held in their Dominion Stock Fund or (2) reinvesting the dividends in the Dominion Stock Fund.
 
 
k.
PLAN CHANGES - In June 2005, the Plan approved the following changes to participant investment offerings, effective July 6, 2005: The underlying investments for the Capital Guardian Balanced - Aggressive Growth Fund, Capital Guardian Balanced - Conservative Balanced Fund, and the Capital Guardian Balanced - Moderate Fund (the Balanced Funds) were replaced. The Balanced Funds managed by the Capital Guardian Trust Company were transferred to similar balanced funds managed by the Northern Trust Global Securities. In addition, the Small Cap Growth Fund’s underlying investment, the RS Diversified Growth Fund, was replaced with the Vanguard Explorer Fund.
 
2.         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
 
a.
BASIS OF ACCOUNTING - The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.

 
b.
USE OF ESTIMATES - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Plan management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.
 
 
c.
RISKS AND UNCERTAINTIES - The Plan utilizes various investment instruments, including mutual funds and investment contracts. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.
 
 
d.
VALUATION OF INVESTMENTS:
 
 
(1)
Dominion Stock Fund - Investments in Dominion common stock are stated at fair value based on the closing sales price reported on the New York Stock Exchange on the last business day of the plan year.
 

Page 8
 
 
(2)
Investment in Certus Fund - The Certus Fund invests primarily in benefit-responsive guaranteed investment contracts, which are stated at contract value. Contract value represents contributions made under the contract, plus earnings, less Plan withdrawals and administrative expenses.
 
 
(3)
Investment in Dresdner Fund - The Dresdner Fund invests primarily in corporate stocks, which are stated at fair value based on the closing sales price reported on the New York Stock Exchange on the last business day of the plan year.
 
 
(4)
Mutual Funds - Investments in mutual funds are stated at fair value using quoted market prices, which represent the net asset values of shares held by the Plan at year-end.
 
 
(5)
Common/Collective Trusts - Investments in common/collective trust funds (funds) are stated at estimated fair values, which have been determined based on the unit values of the funds. Unit values are determined by the bank (or trust company) sponsoring such funds by dividing the fund's net assets by its units outstanding at the valuation dates.
 
 
(6)
Loans to Participants - Participant loans are valued at the outstanding loan balances.
 
 
e.
INVESTMENT INCOME - Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividend income is recognized on the ex-dividend date.
 
Realized gains and losses on the sale of investments are determined using the average cost method.
 
Net investment income from mutual fund holdings includes dividend income and realized and unrealized appreciation/depreciation.
 
 
f.
EXPENSES - The Plan's expenses are accrued as incurred and are paid by the Plan, as provided by the Plan document.
 
 
g.
PAYMENT OF BENEFITS - Distributions from the Plan are recorded on the valuation date when a participant's valid withdrawal request is processed by the recordkeeper.
 
 
h.
TRANSFERS - Along with the Plan, Dominion also sponsors several other savings plans for employees of its subsidiaries. If participants change employment to a different covered subsidiary during the year, their account balances are transferred into the corresponding plan.

 
i.
CONCENTRATION OF INVESTMENTS - Included in the Plan's net assets available for benefits at December 31, 2005 and 2004, are investments in Dominion common stock amounting to approximately $60 million and $53 million, respectively, whose value could be subject to change based upon market conditions and company performance.
 


Page 9
 
3.   INVESTMENTS
    
  The following presents investments that represent 5% or more of the Plan's net assets available for benefits:
 
   
December 31,
         2005       
  
December 31,
         2004       
  
           
Interest in Certus Fund
 
$
67,392,154
  
$
69,383,393
  
Dominion Stock Fund*
    
6,432,259
    
4,755,687
  
Dominion Stock Fund
    
53,984,987
    
48,323,277
  
               
*  Nonparticipant-directed
              
 
During 2005, the Plan's investments (including gains and losses on investments bought and sold) appreciated in value as follows:
 
Investments at Fair Value:
      
   Mutual Funds
  
$
888,457
  
   Dominion Stock Fund
    
8,144,275
  
         
Investments at Estimated Fair Value:
        
   Common/Collective Trust
    
849,515
  
         
           Total
  
$
9,882,247
  


Page 10
 
4.        NONPARTICIPANT-DIRECTED INVESTMENTS
 
Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments is as follows:
 
   
December 31,
         2005       
  
December 31,
         2004       
  
           
Net Assets:
          
  Investments:
          
Dominion Stock Fund
  
$
6,432,259
  
$
4,755,687
  
Common/Collective Trusts
    
139,398
    
1,211
  
               
Total Investments
    
6,571,657
    
4,756,898
  
               
  Receivables
    
157,805
    
2,772
  
               
               
Total Assets
    
6,729,462
    
4,759,670
  
               
  Liabilities:
              
Payables for Investments Purchased
    
174,586
    
2,798
  
Administrative Expenses Payable
    
5
    
4
  
Other Liabilities
    
96
    
--
  
               
Total Liabilities
    
174,687
    
2,802
  
               
Net Assets Available for Benefits
  
$
6,554,775
  
$
4,756,868
  
 
   
Year Ended December 31,
        2005       
  
Changes in Net Assets:
      
Net Appreciation in Fair Value of Investments
 
$
220,377
  
Dividends
    
59,143
  
Interest
   
378
  
Contributions
    
1,684,710
  
Benefits Paid to Participants 
  
(139,366
)
Administrative Expenses
    
(361
)
Transfers to Participant-Directed Investments
    
(6,829
)
Transfers of Participants' Assets to Other Plans
   
(20,145
)
 
        
               Net Increase in Net Assets
  
$
1,797,907
  
 

Page 11
 
5.         PLAN TERMINATION
 
Although it has not expressed any intention to do so, the Employer has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions set forth in ERISA. In the event of any termination of the Plan, or upon complete or partial discontinuance of contributions, the accounts of each affected participant shall become fully vested.
 
6.         PLAN INTEREST IN MASTER TRUST
 
The Plan's investment in the Certus Fund and the Dresdner Fund are held in a Master Trust that was established for the investment of assets for the Plan and other employee benefit plans of Dominion and its subsidiaries. Mellon Bank, N.A. holds the assets of the Master Trust.
 
Certus Fund - At both December 31, 2005 and 2004, the Plan's interest in the net assets of the Certus Fund was approximately 11%. Investment income and administrative expenses relating to the Certus Fund are allocated to the individual plans based upon average monthly balances invested by each plan. The following tables present the value of the undivided investments (and related investment income) in the Certus Fund:
 
   
December 31,
         2005       
  
December 31,
         2004       
  
           
Guaranteed Investment Contracts (contract value)
  
$
610,630,337
  
$
583,020,568
  
Short-term Investment Fund (estimated fair value)
    
18,297,536
    
27,315,302
  
Registered Investment Companies
   
7,420,613
    
10,955,564
  
Interest Receivable
    
2,205,651
   
2,138,217
 
               
Total
  
$
638,554,137
  
$
623,429,651
  

 Investment income for the Certus Fund is as follows:
 
   
Year Ended
December 31,
         2005       
  
       
Registered Investment Companies
  
$
487,314
  
Net Investment Appreciation
    
487,314
 
         
Interest
    
27,680,666
 
Less:  Investment Expenses
   
(1,091,198
)
         
Total
  
$
27,076,782
  


Page 12
 
The aggregate fair value of the benefit-responsive investment contracts and short-term investments of the Certus Fund at both December 31, 2005 and 2004, was approximately $635 million. The average yield on assets on December 31, 2005 and 2004, was estimated at 4.62% and 4.53%, respectively. The average duration of investment contracts within the Certus Fund was 3.06 years at December 31, 2005 and 2.84 years at December 31, 2004. The crediting interest rates used to determine fair value for the contracts as of December 31, 2005 ranged from 2.74% to 6.23%. The crediting rates on certain of these contracts reset periodically, based upon individual contract terms, and have interest rates of not less than 0%. In the event of certain Plan-initiated events, such as premature termination of the contracts by the Plan, plant closings, layoffs, Plan termination, bankruptcy, mergers, and early retirement incentives, contracts will not be eligible for book value disbursements. Such events may cause liquidation of all or a portion of a contract at a market value adjustment.
 
Dresdner Fund - At December 31, 2005 and 2004, the Plan's interest in the net assets of the Dresdner Fund was approximately 7% and 9%, respectively. Investment income and administrative expenses relating to the Dresdner Fund are allocated to the individual plans based upon average monthly balances invested by each plan. The following tables present the value of the undivided investments (and related investment income) in the Dresdner Fund:
 
   
December 31,
         2005       
  
December 31,
         2004       
  
           
Corporate Stocks
  
$
51,918,696
  
$
46,859,209
  
Short-term Investment Fund (estimated fair value)
    
2,119,170
   
745,744
 
Registered Investment Companies
   
8,066,395
   
2,804,805
 
Payables
    
(59,143
)
  
(58,096
)
Total
  
$
62,045,118
  
$
50,351,662
  

Investment income for the Dresdner Fund is as follows:

   
Year Ended
December 31,
         2005       
  
       
Interest
  
$
58,265
  
Dividends
    
378,345
 
Net Appreciation in Fair Value of Investments
    
4,449,398
 
         
Total
  
$
4,886,008
  


Page 13
 
7.       FEDERAL INCOME TAX STATUS
 
The Plan is a qualified employees' profit sharing trust under Sections 401(a) and 401(k) of the IRC and, as such, is exempt from federal income taxes under Section 501(a). Pursuant to Section 402(a) of the IRC, a participant is not taxed on the income and pretax contributions allocated to the participant's account until such time as the participant or the participant's beneficiaries receive distributions from the Plan.
 
The Plan obtained its latest determination letter on February 24, 2003, in which the Internal Revenue Service stated that the Plan, as then designed was in compliance with the applicable requirements of the IRC. The Plan has been amended since receiving the determination letter; however, the Plan administrator and the Plan's tax counsel believe that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC. Therefore, no provision for income taxes has been included in the Plan’s financial statements.
 
8.       EXEMPT PARTY-IN-INTEREST TRANSACTIONS
 
Certain Plan investments are shares of Common / Collective Trusts and a Master Trust managed by Mellon Bank. Mellon Bank is the trustee as defined by the Plan and, therefore, these transactions qualify as exempt party-in-interest transactions. Fees paid by the Plan for investment management services were included as a reduction of the return earned on each fund.
 
At December 31, 2005 and 2004, the Plan held 785,381 and 783,569 shares, respectively, of common stock of Dominion, the sponsoring employer, with a cost basis of approximately $49 million and $41 million, respectively. During the year ended December 31, 2005, the Plan recorded dividend income of approximately $2 million.
 


Page 14

DOMINION EAST OHIO GAS UNION SAVINGS PLAN
FOR EMPLOYEES REPRESENTED BY THE NATURAL GAS
WORKERS UNION, LOCAL 555, SEIU, AFL-CIO

SUPPLEMENTAL SCHEDULE AS OF DECEMBER 31, 2005
FORM 5500, SCHEDULE H, ITEM 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR) 
 
 
Description
  
 
Cost
  
Current
Value
  
           
Dominion Stock Fund*
  
$
49,055,249
  
$
60,417,246
  
               
Common/Collective Trusts:
              
EB Temporary Investment Fund*
    
1,369,597
    
1,369,597
  
Large Cap Value Fund
    
432,004
    
495,532
  
EB Mellon Total Return Fund*
   
1,219,398
    
1,365,285
  
Wilshire 4500 Index Fund*
    
962,467
    
1,085,889
  
Mellon S&P 500 Index Daily Fund*
    
7,154,131
    
8,092,315
  
Northern Trust Global Securities - Conservative
    
433,154
    
441,410
  
Northern Trust Global Securities - Moderate
    
2,635,706
    
2,251,850
  
Northern Trust Global Securities - Aggressive Growth
    
3,261,731
    
3,447,166
  
               
     
17,468,188
    
18,549,044
  
               
Mutual Funds:
              
Real Estate Fund
    
2,048,791
    
2,124,293
  
Euro Pacific Growth Fund
   
2,063,888
    
2,709,213
  
Vanguard Explorer Fund
    
1,104,176
    
844,629
  
Small Cap Value Fund
    
4,549,629
    
4,671,958
  
               
     
9,766,484
    
10,350,093
  
               
Loans to Participants (range of interest rates - 6.25%-8.00%)
    
4,122,247
    
4,122,247
  
               
TOTAL
 
$
80,412,168
  
$
93,438,630
  
               
               
* A party-in-interest as defined by ERISA.
              


Page 15

DOMINION EAST OHIO GAS UNION SAVINGS PLAN
FOR EMPLOYEES REPRESENTED BY THE NATURAL GAS
WORKERS UNION, LOCAL 555, SEIU, AFL-CIO

SUPPLEMENTAL SCHEDULE FOR THE YEAR ENDED DECEMBER 31, 2005
FORM 5500, SCHEDULE H, ITEM 4(j) - SCHEDULE OF REPORTABLE TRANSACTIONS
 
Single Transactions in Excess of Five Percent of Plan Assets

There were no reportable transactions.

Series of Transactions in Excess of Five Percent of Plan Assets

 
Shares/
Par Value
 
Security
Description
 
Number of
Transactions
 
Cost of
Purchases
 
Proceeds
From Sales
Cost of
Assets
Disposed
 
Net Gain
             
461,218   
Dominion Stock Fund*
131
$34,482,169
$                 -
$                 -
$               -
430,823   
Dominion Stock Fund*
263
-
32,933,393
24,790,393
8,143,000
26,329,853   
 
EB Temporary Investment
Fund*
175
26,329,853
-
-
-
25,010,724   
 
EB Temporary Investment
Fund*
116
-
25,010,724
25,010,724
-
           
*A party-in-interest as defined by ERISA.


 
SIGNATURES
 

 

 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Dominion Resources Services, Inc. Administrative Benefits Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


 
DOMINION EAST OHIO GAS UNION
SAVINGS PLAN FOR EMPLOYEES
REPRESENTED BY THE NATURAL GAS
WORKERS UNION,
LOCAL 555, SEIU, AFL-CIO
(name of plan)
 
Date: June 22, 2006
                  /s/ Anne M. Grier                              
 
Anne M. Grier
Chair, Dominion Resources Services, Inc.
Administrative Benefits Committee