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Q1 2013 Earnings Conference Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Apr 25, 2013 · 12 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. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 1
    1st Quarter 2013 Earnings Call April 25, 2013
  2. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 2
    1Q13 Operating Earnings Summary 1 0.95 1st Quarter Drivers Storm and service restoration 0.80 0.83 Natrium in-service delay Lower merchant margins Lower electric sales Blue Racer Midstream JV Principal Exclusion from…
  3. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 3
    2013 Operating Earnings Guidance Expected growth mostly in 3Q & 4Q 3.50 4Q 1Q 3Q 22 2Q Weather 3.20 Core growth Core Growth and Lower O&M Expense offset by 3.05 storm costs, offset by plus the plus the Natrium delay, 2Q13…
  4. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 4
    Operating EBIT 1Q13 actual versus guidance (in millions) Guidance Actual Drivers Reg. electric sales Dominion Storm & service restoration 285-330 278 Virginia Power Dominion Retail Blue Racer Dominion 255-285 301 Energy O&M…
  5. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 5
    Financing Debt VP recently issued 1.25 billion of 5, 10, and 30-year notes Equity Anticipate 300 million of equity issuances in 2013 Through dividend reinvestment and stock purchase plan and other company plans Mandatory…
  6. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 6
    2Q13 Operating Earnings Guidance 0.60 to 0.70 2nd Quarter Drivers Return to normal weather 0.59 Gas transmission growth Regulated electric sales and riders Lower O&M expenses Millstone refueling outage 1 2Q12 2Q13 EPS…
  7. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 7
    Hedged Power Update Millstone Hedge 2013 2014 2015 Position 89% 73% 48% 58.14 53.05 50.86 49.00 49.27 48.23 47.97 /MWH 36.06 2012 2013 2014 2015 NEPOOL Baseload Avg. Hedge Price NEPOOL ATC Power Price 2013…
  8. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 8
    Dominion Generation Warren County Turbines and generators installed Expect in service late 2014 Brunswick County Hearing began on April 24th Warren County (artists rendering) Expect in service mid-2016 Warren County Biomass…
  9. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 9
    Blue Racer Midstream Joint Venture Utica region activity Utica Wells Feb 2013 Apr 2013 Permitted 512 605 Drilled 223 297 Producing 50 89 Petersburg Lewis Dominion East Ohio Signed gathering agreement with BP Natrium II…
  10. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 10
    Cove Point LNG Export Key Milestones Terminal Service Agreements Executed 20-year agreements with Sumitomo and Gail Capacity is fully subscribed EPC contract Awarded to IHI/Kiewit Cove Point FERC application 12,000 page filing…
  11. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 11
    Regulatory Update Filed Biennial Review on March 28th Filing demonstrates Virginia Power earned 10.11%, below the earnings band of 10.4% to 11.4% If the SCC finds that VA Power has earned under 11.4% in 2011- 2012, base rates cannot…
  12. Q1 2013 Earnings Conference Call – Dominion Resources, Inc. – slide 12
    Visit our website at www.dom.com/investors.

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