1Q14 Operating Earnings Summary 1.00 1st Quarter Drivers 1.04 Weather 0.85 Merchant generation margins Ancillary revenues Lower O&M Weather-normalized 1Q results were at the top of the guidance range Guidance Actual Range…
2Q14 Operating Earnings Guidance 0.55 to 0.65 2nd Quarter Drivers 0.62 Normal weather Regulated electric sales and electric transmission Interest expense Absence of electric retail business Operating expenses 2Q13 2Q14 EPS…
Growth Plan Continues Planned growth capital (billions) 13.7 - 14.1 billion Diverse plan with growth across all business units Average annual spend of 3.4 - 3.8 2.8 billion 2.1 1.9 3.4 1.4 3.0 0.9 2.2 1.7 0.5 4.8 1.0 3.7…
Dominion Generation 2014 2018 2013 2014 2015 2016 2017 2018 Biomass Conversions 3.4 billion* planned growth Bremo Conversion capex 2014-2018 Warren County Brunswick County (artist rendering) Solar Projects Brunswick County…
Electric Transmission 2014 2018 2013 2014 2015 2016 2017 2018 Cannon Branch - Cloverhill Mt. Storm - Doubs 3.2 billion planned growth capex Dooms - Bremo 2014-2018 Cloverhill - Liberty Skiffes Creek 650m average annual growth…
Dominion Energy 2014 2018 2013 2014 2015 2016 2017 2018 Sabinsville to Morrisville Tioga Area Expansion 5.5 5.9 billion Marcellus Farmout planned growth capex Allegheny Storage 2014-2018 Western Access Natrium to Market…
Dominion Energy Producer Outlet Projects Incremental firm transportation services with shorter lead times and minimal capital investment Projects beginning in 2014 1. 10-year agreement with Gulfport Energy for 100,000 dth/d 2.…
Dominion Transmission Area of Operations 10,900 miles of natural gas transmission, gathering and storage pipeline 947 Bcf of natural gas storage operated Cove Point LNG Facility Utica Shale Marcellus Shale 13
Dominion Energy Growth Projects New Market Project Firm transport from Leidy, PA to multiple Allegheny Storage Project delivery points to serve the NY market Provide 7.5 BCF of incremental storage and transport service Estimated…
Marcellus and Utica Shale Production Forecast 20 Future pipeline Utica production* takeaway 15 opportunities BCF Per Day 12.5 Bcf/d of incremental firm pipeline take away capacity** 10 5 Marcellus production* 0…
Blue Racer JV Blue Racer update Contributed the G-150 pipeline and the Northern Gathering System in 1Q Blue Racer Area of Operations Natrium II became operational in April Fractionation capacity at Natrium will be expanded by…
Cove Point LNG Export & MLP 17
Cove Point LNG Export Key Milestones Key Milestones Date Status DOE Export to FTA Countries October 2011 Approved FERC Pre-Filing June 2012 Completed Ruling in favor of Dominion; Declaratory Judgment with Sierra Club January…
Dominion Midstream Partners, LP DRI Va. Power Dominion Gas MLP Dominion East Ohio Cove Point Blue Racer JV* Dominion Transmission Up to 1 billion of EBITDA Iroquois Additional 1 billion of eligible EBITDA Pipeline*…
Investment Consideration 20
Growth in Dividends 7% increase for 2014 2.40 Target 2.25 1.97 2.11 payout of 1.83 65-70% of operating Dividend Per earnings Share 2010 2011 2012 2013 2014* 2015 and beyond * All dividend declarations are subject to…
Summary 2014 operating earnings guidance range of 3.35-3.65 per share supports 5-6% growth over 2013 14 billion infrastructure investment plan in place to support long- term earnings per share growth and annual dividend growth…
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GAAP Reconciliation 2013 Earnings Earnings Per Share (diluted) Reconciliation of measures prepared in accordance with Generally Accepted Accounting Principles (GAAP) versus non-GAAP measures The net effects of the following items, all…
GAAP Reconciliation 2014 Earnings Earnings Per Share (diluted) Reconciliation of measures prepared in accordance with Generally Accepted Accounting Principles (GAAP) versus non-GAAP measures The net effects of the following items, all…
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