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Q4 2012 Earnings Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Jan 31, 2013 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 1
    4th Quarter 2012 Earnings Call January 31, 2013
  2. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 2
    2012 Accomplishments Safety Best safety year in Dominions history 1.40 1.15 1.15 0.95 0.92 0.74 2007 2008 2009 2010 2011 2012 OSHA Recordable Incidents Rates* * Dominion incidents rate = number of recordables x…
  3. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 3
    2012 Accomplishments Dominion Generation Virginia City Hybrid Energy Center 1.8 billion project on-time, on-budget Warren County Scheduled for completion in late 2014 Virginia City Brunswick County Filed CPCN/Rider application…
  4. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 4
    2012 Accomplishments Dominion Virginia Power Growth at Electric Transmission Placed 400 million of new transmission assets into service Completed Phase 2 of Mt Storm to Doubs Doubs 500 kV rebuild project Growth at Electric…
  5. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 5
    2012 Accomplishments Dominion Energy Appalachian Gateway Appalachian Gateway Completed on-time, on-budget Northeast Expansion/Ellisburg to Craigs Completed on time, on-budget Natrium Phase I Nearly complete, target in-service…
  6. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 6
    4Q12 Operating Earnings Summary 1 0.75 4th Quarter Drivers 0.69 Mild weather 0.65 Dominion Retail Extended Millstone Unit 2 outage Blue Racer Midstream JV Lower O&M Lower effective tax rate Principal Exclusion from Operating…
  7. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 7
    2012 Operating Earnings Summary Weather 3.27 Adjusted 22 Weather Headwinds Offsets 3.05 3.05 Weather Blue Racer Midstream JV Ancillary service revenues O&M expense Merchant Interest expense Generation margins Effective tax…
  8. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 8
    Operating EBIT 2012 guidance versus actual (in millions) Guidance Actual Drivers Dominion Retail Dominion 1,045- Electric Transmission 1,095 1,105 O&M expense Virginia Power Mild weather Blue Racer Midstream JV Dominion O&M…
  9. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 9
    Financing Liquidity 1.3 billion of available liquidity at year-end Debt Virginia Power recently issued 750 million of 5 and 30- year notes Bonus Depreciation Recent extension of bonus depreciation Expected to provide 600…
  10. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 10
    1Q13 Operating Earnings Guidance 0.80 to 0.95 st Quarter Drivers 4th 1Quarter Drivers 0.85 Return to normal weather Gas transmission growth Regulated electric sales and riders Higher O&M Dominion Retail 1 1Q12 1Q13 EPS…
  11. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 11
    2013 Operating Earnings Guidance 3.50 4th Quarter 2013 Drivers Drivers Return to normal weather 3.20 0.22 hurt in 2012 3.05 Gas transmission growth Regulated electric sales and riders Higher depreciation, O&M, and interest…
  12. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 12
    Hedged Power Update 2013 2014 2015 Millstone Hedge Previous Current Increase Previous Current Increase Previous Current Increase Position 80% 82% +2% 40% 59% +19% 24% 37% +13% 54.29 47.97 48.83 49.01 47.84 46.49 46.26…
  13. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 13
    Financial Review 2012 operating earnings of 3.05 per share* Mild weather reduced earnings by 0.22 per share Operating earnings guidance* 1st quarter 2013 range of 0.80 to 0.95 per share Full year 2013 guidance remains 3.20 to 3.50…
  14. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 14
    Investor & Analyst Meeting March 4th at 10:00am ET, New York, NY Topics of discussion Cove Point Export Project Merchant generation asset sale Blue Racer Midstream Joint Venture VEPCO Biennial Review Revised capex and…
  15. Q4 2012 Earnings Call – Dominion Resources, Inc. – slide 15
    Visit our website at www.dom.com/investors.

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