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Q2 2013 Earnings Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Aug 6, 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. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 1
    2nd Quarter 2013 Earnings Call August 6, 2013
  2. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 2
    2Q13 Operating Earnings Summary 0.70 2nd Quarter Drivers Lower electric sales 0.60 0.62 Producer Services Principal Exclusion from Operating EPS Brayton Point and Kincaid charge Rescoping of Producer Services Gas processing…
  3. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 3
    Dominion Virginia Power Weather-normalized Regulated Electric Sales Growth YTD Growth Reduced operating expenses will Customer Class Rate safeguard against potentially Residential +1.9% lower than expected sales Data Centers…
  4. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 4
    Operating EBIT 2Q13 actual versus guidance (in millions) Guidance Actual Drivers Reg. electric sales Dominion Storm & service restoration 259-299 254 Virginia Power Electric transmission Dominion 200-230 201 Producer Services…
  5. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 5
    Financing Equity Issued 1.1 billion of mandatory convertibles in 2Q Debt 600 million remaining at Virginia Power for 2013 750 million - 1.2 billion remaining at DRI for 2013 Hedges in place for most of these planned issuances…
  6. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 6
    3Q13 Operating Earnings Guidance 0.85 to 0.95 3rd Quarter Drivers Regulated electric sales and riders 0.92 Gas transmission growth Absence of unplanned Millstone outage Lower O&M expenses 1 Interest expense 3Q12 3Q13 EPS…
  7. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 7
    4Q13 Earnings Guidance 1.05 Expected strong 4th quarter provides year-over-year growth Absence of Producer Core Services 0.95 Reduced growth offset by O&M expiration of Millstone TL-388 tax contribution Absence of to Blue…
  8. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 8
    Hedged Power Update Millstone Hedge 2013 2014 2015 Position 99% 80% 58% 54.82 51.61 52.39 47.97 49.01 47.92 +5% vs. 46.86 2013 /MWH 36.06 2012 2013 2014 2015 NEPOOL Baseload Avg. Hedge Price NEPOOL ATC Power Price…
  9. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 9
    Dominion Generation Warren County 43% complete Expect in service late 2014 Brunswick County CPCN approved Aug. 2nd Warren County Expect in service mid-2016 Biomass Conversions Altavista placed in to service in July Hopewell…
  10. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 10
    Dominion Energy Natrium placed in to service in May To be contributed to Blue Racer in 3Q Utica Wells Dec 2012 Jul 2013 Permitted 464 789 Drilled 188 387 Producing 45 113 Petersburg Lewis Natrium II and Berne processing…
  11. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 11
    Biennial Review Update Procedural Schedule Intervenor testimony filed on July 31 No intervenor opposed company position that Va. Powers base rates are not subject to downward adjustment because we did not earn above the authorized…
  12. Q2 2013 Earnings Call – Dominion Resources, Inc. – slide 12
    Visit our website at www.dom.com/investors.

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