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Q3 2013 Earnings Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Nov 5, 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. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 1
    3rd Quarter 2013 Earnings Call November 5, 2013
  2. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 2
    3Q13 Operating Earnings Summary 0.95 3rd Quarter Drivers 1.00 Blue Racer Midstream JV 0.85 Lower O&M expense Lower taxes and interest expense Merchant generation margins Weather Principal Exclusion from Operating EPS…
  3. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 3
    Operating EBIT 3Q13 actual versus guidance (in millions) Guidance Actual Drivers Mild weather Dominion 245-270 241 Virginia Power Retail Blue Racer Dominion Lower O&M 175-205 289 Energy Transport & Storage revenues Mild…
  4. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 4
    Financing Formed Dominion Gas Holdings, LLC Provides greater visibility of the capital structure and earnings from regulated gas businesses Allows for financing on better terms Debt ratings of A3 from Moodys, A- from S&P, BBB+ from…
  5. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 5
    4Q13 Operating Earnings Guidance Expected strong 4th quarter provides year-over-year growth 0.95 Absence of Producer Core Services 0.85 Reduced growth offset by O&M expiration of Millstone Absence of tax 0.69 Millstone…
  6. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 6
    Hedged Power Update Millstone Hedge 2013 2014 2015 Position 100% 83% 71% 54.38 51.84 52.95 51.29 50.78 47.97 49.01 +3% vs. +5% vs. 2014 /MWH 2013 36.06 2012 2013 2014 2015 NEPOOL Baseload Avg. Hedge Price NEPOOL…
  7. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 7
    Dominion Generation Warren County 60% complete Expect in service late 2014 Brunswick County Construction underway Expect in service mid-2016 Warren County Biomass Conversions Altavista placed in to service in July Hopewell and…
  8. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 8
    Dominion Virginia Power Electric Transmission Placed 108 million of assets in to service in 3Q and 546 million year PJM Service Territory to date Growth plan anticipates investment of 500 million per year Artificial Island…
  9. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 9
    Dominion Energy Marcellus Farmout Initiative Had previously announced initiative to farmout 100,000 Marcellus Shale acres under storage fields Reached agreement with multiple counterparties; drilling to commence next year Expect…
  10. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 10
    Dominion Energy Sabinsville to Morrisville and Tioga Area Expansion Placed in to service, on time and on budget Allegheny Storage Project and Natrium to Market Project Both expected in service November 2014 New Market Project…
  11. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 11
    Dominion Energy Utica development update Blue Racer Area of Operations Utica Wells Jul 2013 Oct 2013 % Increase Permitted 789 953 +21% Drilled 387 597 +54% Producing 113 169 +50% Source: Ohio Department of Natural Resources…
  12. Q3 2013 Earnings Call – Dominion Resources, Inc. – slide 12
    Visit our website at www.dom.com/investors.

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