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Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc.

Dominion Resources, Inc. · Sep 24, 2013 · 25 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. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 1
    Wolfe Research Power and Gas Leaders Conference September 24, 2013
  2. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 2
    Todays Agenda Growth Plan Update Gas Infrastructure Financing Cove Point LNG Export & Biennial Review Investment Consideration Please refer to page 2 for risks and uncertainties related to projections and forward looking…
  3. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 3
    Growth Plan Update 4
  4. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 4
    Updated Plan September 2013 Planned growth capital (billions) 15.8 - 16.2 billion Diverse plan with growth across all business units 3.4 - 3.8 Average annual spend of 2.6 billion 2.4 2.3 1.8 4.6 4.1 1.4 3.2 1.0 2.5 1.9…
  5. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 5
    Utility Generation 2013 2018 2013 2014 2015 2016 2017 2018 Uprates 4.6 billion planned growth Biomass Conversions capex 2013-2018 Bremo Conversion Brunswick County Warren County Brunswick County Future CC Commercial…
  6. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 6
    Electric Transmission 2013 2018 2013 2014 2015 2016 2017 2018 Cannon Branch - Cloverhill Mt. Storm - Doubs 3.2 billion planned growth capex Dooms - Bremo 2013-2018 Cloverhill - Liberty Skiffes Creek Loudoun SVC Fentress -…
  7. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 7
    Electric Transmission Potential Additional Capex Critical Substation Security Potential additional capex of 300 - 500m over next 5-10 years Security requirements include: 2 levels of perimeter security and anti-climb PJM Service…
  8. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 8
    Dominion Energy 2013 2018 2013 2014 2015 2016 2017 2018 Natrium Phase I Ethane Project 5.8 6.2 billion Tioga Area Expansion planned growth capex 2013-2018 Allegheny Storage BP Project Western V Access New Market Project…
  9. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 9
    New Pipeline Projects Western Access Transport residue gas from 3rd party processing to interstate New Market Project pipelines Estimated investment: 90m Firm transport from Leidy, PA to multiple delivery points to serve Volume:…
  10. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 10
    Blue Racer Midstream Growth Plan Update Natrium II is under construction and Berne processing facility will be delivered this fall TL-388 contribution enhances Petersburg gathering capacity and increases speed to market for…
  11. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 11
    Marcellus and Utica Shale Production Forecast 20 Future pipeline Utica production* 15 takeaway BCF Per Day opportunities 10 3 Bcf/d of potential reallocation of current pipelines*** 7.5 Bcf/d of incremental firm pipeline…
  12. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 12
    Dominion Energy Growth Plan Update Marcellus Farm-out Have begun process to farm- Pennsylvania out 100,000 acres under gas Ohio storage pools to producers Potential agreement structure West Virginia will provide earnings over…
  13. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 13
    Growth Plan Summary Forward progress on long-term plan Regulated infrastructure investment plan in place to support future earnings growth Track record of successful execution 2013 2018 plan of nearly 3 billion per year growth…
  14. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 14
    Gas Infrastructure Financing 15
  15. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 15
    Regulated Gas Financing Plan Announced formation of Dominion Gas Holdings, LLC Dominion Gas becomes parent of: Dominion Transmission, Inc. Dominion East Ohio Iroquois Pipeline (Dominions interest) Hope Gas (potentially)…
  16. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 16
    Dominion Gas Timeline of Activities Form new Issue debt externally under legal entity Dominion Gas 3Q13 4Q13 1Q14 2Q14 Realign Dominion Dominion Gas becomes subsidiaries from DRI to public reporting company Dominion…
  17. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 17
    Future Financing Structure DRI Va. Power Dominion Gas Merchant Cove Point Generation Utility Dominion Transmission Blue Racer Generation Dominion Electric East Ohio Transmission Dominion Hope* Electric Distribution…
  18. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 18
    Potential Future Dominion Structure DRI 2014 Va. Power Dominion Gas MLP Dominion Up to 1 Cove Point Merchant Hope* Generation billion of Dominion EBITDA East Ohio* Blue Racer** Additional Dominion Transmission 1 billion of…
  19. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 19
    Cove Point LNG Export and Va. Regulatory Update 20
  20. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 20
    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…
  21. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 21
    Biennial Review Update Procedural Schedule Intervenor testimony filed on July 31 Staff testimony filed on August 16 Staff and Intervenors did not oppose company position that Va. Powers base rates are not subject to downward…
  22. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 22
    Investment Consideration 23
  23. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 23
    Growth in Dividends 2.25 Target 2.11 payout of 1.97 1.83 65-70% of operating Dividend earnings Per Share 2010 2011 2012 2013* 2014 and beyond * All dividend declarations are subject to Board of Directors approval. Please…
  24. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 24
    Summary 16 billion regulated infrastructure investment plan in place to support 5 - 6% earnings per share growth and annual dividend growth Blue Racer continues to execute on gathering & processing opportunities in the Utica shale…
  25. Wolf Research Power and Gas Leaders Conference – Dominion Resources, Inc. – slide 25
    Visit our website at www.dom.com/investors.

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