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Q2 2010 Earnings Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Jul 28, 2010 · 13 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 2010 Earnings Call – Dominion Resources, Inc. – slide 1
    Dominion Resources, Inc. July 28, 2010 Visit us online at: www.dom.com/investors Dominions common stock trades under ticker D:NYSE
  2. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 2
    Table of Contents 2Q10 Earnings Summary 2Q10 Business Unit Overview 2Q10 Transaction & Treasury Update 3Q10 Earnings Drivers vs. 2Q09 2010 Operating Earnings Guidance Hedge Update 2Q10 Operational Performance Select Growth…
  3. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 3
    2Q10 Earnings Summary 2Q10 Operating Earnings: 0.72 per share Guidance Range: 0.55 to 0.65 per share 2Q10 Reported Earnings*: 2.98 per share Primary items excluded from Operating Earnings* Net gain on sale of Appalachian E&P…
  4. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 4
    2Q10 Business Unit Overview Dominion Virginia Power Favorable weather Dominion Energy Higher revenues from transmission and distribution were offset by lower contribution from Producer Services Dominion Generation Favorable…
  5. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 5
    2Q10 Transaction & Treasury Update Closed the sale of Appalachian E&P business to CONSOL Energy on April 30th Repurchased 12.2 million shares as of May 7th No additional shares repurchased in second quarter Expect to complete our…
  6. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 6
    3Q10 Earnings Drivers vs. 3Q09* (3Q10 Operating Earnings Guidance: 0.99-1.04 per share**) Favorable Drivers Unfavorable Drivers Higher rider revenues Lower merchant generation margins Return to normal weather Absence of E&P…
  7. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 7
    2010 Operating and GAAP Earnings Guidance Increasing 2010 operating earnings guidance 3.25 - 3.40 per share* from 3.20 - 3.40 2010 GAAP earnings estimated to be 900 million higher than projected operating earnings Drivers Benefit of…
  8. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 8
    Hedge Update Power Percentage Hedged Description 4/29/10 7/28/10* Increase 2010 Millstone 93% 96% 3% Dominion New England Coal (Power) 86% 92% 6% 2011 Millstone 40% 50% 10% Dominion New England Coal (Power) 30% 30% --- 2012…
  9. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 9
    2Q10 Operational Performance Reported best total company safety performance in first half 2010 in Southeastern Electric Exchange. Nuclear fleet achieved a capacity factor of 97% Regulated Fossil & Hydro fleet had a Peak Season…
  10. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 10
    Select Growth Projects Update Project Update North Anna Nuclear Power Station Completed 75 MW uprate Virginia City Hybrid Energy Center 66% complete Bear Garden Generating Station 70% complete Filing with Virginia Commission expected…
  11. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 11
    Regulatory Update Received Order from Virginia Commission approving request to invest 500 million of equity into VEPCO. This will restore VEPCOs equity ratio to 53%. Filed annual update riders for Virginia City Hybrid and Bear…
  12. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 12
    GAAP Reconciliation 2010 and 2011 Earnings Expectations Earnings Per Share (diluted) Reconciliation of measures prepared in accordance with Generally Accepted Accounting Principles (GAAP) versus non-GAAP measures 1Q 2010 Operating…
  13. Q2 2010 Earnings Call – Dominion Resources, Inc. – slide 13
    Visit our website at: www.dom.com/investors

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