Dominion Resources, Inc. October 29, 2010 Visit us online at: www.dom.com/investors Dominions common stock trades under ticker D:NYSE
Table of Contents 3Q10 Earnings Summary 3Q10 Business Unit Overview 3Q10 Treasury Update g Drivers vs. 4Q09 4Q10 Earnings 2010 Operating and GAAP Earnings Guidance Hedge Update 3Q10 Operational Performance Select Growth Projects…
3Q10 Earnings Summary 3Q10 Operating Earnings: 1.03 per share Guidance Range: 0.99 to 1.04 per share 3Q10 Reported Earnings*: 0.98 per share Primary items excluded from Operating Earnings* Adjustment to interim tax in accordance…
3Q10 Operating Earning Per Share Guidance vs. Actual 3Q10 EPS Guidance (Includes July 2010 Weather)* 0.99 - 1.04 Drivers: August September Weather 0.04 Major Storms & Service Restoration/Reliability Investments (0.03) 3Q10 EPS A…
3Q10 Business Unit Overview Dominion Virginia Power Favorable weather was offset by higher storm and restoration costs Dominion Energy Lower fuel costs in gas transmission business and better-than- expected supply aggregation at…
3Q10 Treasury Update Completed share buyback in August A Approximately i t l 2121.44 million illi shares h were repurchased h d att an average cost of 42.09 per share Issued term debt in the quarter q 300 million at Virginia…
4Q10 Earnings Drivers vs. 4Q09* (4Q10 Operating Earnings Guidance: 0.59- 0.59-0.69 per share share**)) Favorable Drivers Unfavorable Drivers Return to normal Lower merchant weather generation margins Higher rider revenues Fossil…
2010 Operating and GAAP Earnings Guidance Increased 2010 operating earnings guidance to 3.30 - 3.40 per share from 3.25 - 3.40 2010 GAAP earnings estimated to be 900 million higher than projected operating earnings Drivers Benefit…
Hedge Update Power Percentage Hedged Description 7/28/10 10/29/10* Increase 2010 Millstone 96% 98% 2% Dominion New England Coal (Power) 92% 98% 6% 2011 Millstone 50% 90% 40% Dominion New England Coal (Power) 30% 50% 20% 2012…
3Q10 Operational Performance Regulated Fossil & Hydro fleet achieved X-Equivalent X Equivalent Forced Outage Rate of 2.7% through September which is its best on record Nuclear fleet achieved a capacity factor of 97% Kewaunee…
Select Growth Projects Update Project j Update p Bear Garden Generating Station 85% complete Virginia City Hybrid Energy Center 74% complete Filing with Virginia Commission Warren County expected in early 2011 Meadow Brook to…
Regulatory Update North Carolina base rate case -- Settlement agreement filed with the NC Utilities Commission. Filed annual update riders for Virginia City Hybrid and Bear Garden. Change in rates would be effective April 1,…
Upcoming 4Q10 Events Completion of 60 MW uprate at Surry Nuclear P Power Station St ti First firing of Bear Garden Power Station Expecting PJM approval of Mt. Storm to Doubs Expecting NC Commission decision on the base rate case…
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