Barclays Capital CEO Energy-Power Conference September 12, 2013
Todays Agenda Growth Plan Update Regulated Gas Financing Plan Cove Point LNG Export Biennial Review Investment Consideration Please refer to page 2 for risks and uncertainties related to projections and forward looking…
Growth Plan Update 4
Analyst Day March 4, 2013 Please refer to page 2 for risks and uncertainties related to projections and forward looking statements. 5
Updated Plan September 2013 Planned growth capital (billions) Diverse plan with growth 15.8 - 16.2 billion across all business units Average annual spend of 3.4 - 3.8 2.6 billion Excludes Blue Racer JV 2.4 2.3 1.8 4.6 4.1…
Utility Generation Planned growth capital (billions) Diverse plan with growth 15.8 - 16.2 billion 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 5.4 0.5 3.6…
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…
Dominion Virginia Power Planned growth capital (billions) Diverse plan with growth 15.8 - 16.2 billion 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 5.4…
Electric Transmission Dominions 500 KV Loop Barclays 2010 Dominions 500 KV Loop is the backbone of reliability for DomZone and serves as strategic intersection of PJM West to East power flows Mt. Storm to Doubs Under Development…
Electric Transmission Select growth projects in Virginia Doubs Mt. Storm (Allegheny Power) Dominions 500 kV loop Mt. Storm to Doubs Pleasant View is the backbone of Meadow Brook Under Construction Loudoun reliability for DomZone…
Electric Transmission Critical Substation Security Potential additional capex of Examples of potential critical substation security requirements 300 - 500 million over next 5-10 years Security requirements include: 2 levels of…
Competitive Electric Transmission Potential Additional Capex Open Windows to address: Reliability Market Efficiency Or multi-value PJM Service Territory Public Policy PJM Competitive Transmission Artificial Island Project…
Dominion Energy Planned growth capital (billions) Diverse plan with growth 15.8 - 16.2 billion 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 5.4 0.5 3.6…
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…
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:…
Utica Shale Development Acreage dedications and increasing drilling support planned Blue Racer gathering and processing Utica Dec Aug YTD Wells 2012 2013 Change Permitted 464 870 +406 Drilled 188 526 +338 Producing 45 125…
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…
New Marcellus Opportunities 20
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…
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…
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…
Regulated Gas Financing Plan 24
Regulated Gas Financing Plan Announce formation of Dominion Gas Holdings, LLC Dominion Gas becomes parent of: Dominion Transmission, Inc. The East Ohio Gas Company Iroquois Pipeline (Dominions interest) Hope Gas…
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…
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…
Is It Time For an MLP 28
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…
Cove Point LNG Export 30
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…
Cove Point LNG Export Projected Earnings Profile 1 0.09 to 0.15 per share 0.18 to 0.25 per share 0.27 to 0.40 per share Range of annual contribution offsetting amended import + Avg. 10-year growth incremental to original import =…
Va. Regulatory Update 33
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…
Investment Consideration 35
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…
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…
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