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Q3 2011 Earnings Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Oct 28, 2011 · 16 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 2011 Earnings Call – Dominion Resources, Inc. – slide 1
    Dominion 3rd Quarter 2011 Earnings Conference Call October 28, 2011 Visit us online at: www.dom.com/investors Dominions common stock trades under ticker D:NYSE
  2. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 2
    3Q11 Earnings Summary Strong earnings at midpoint of guidance range 3Q11 Operating Earnings: 0.95 per share Guidance Range: 0.90 - 1.00 per share 3Q11 Reported Earnings*: 0.69 per share Primary items excluded from Operating…
  3. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 3
    3Q11 Business Unit EBIT* Operating results within guidance *EBIT = Operating Earnings Before Interest and Taxes **For a reconciliation of GAAP to non-GAAP financial measures, please refer to GAAP Reconciliation on page 39 of the…
  4. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 4
    Cash Flow/Financing Activities 2011 share repurchase plan complete Debt Planned 4Q debt issuance of up to 500 million at Virginia Power Locked-in Treasury rates for this issue as well as all of anticipated 2012 debt needs Equity…
  5. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 5
    Operating Earnings Guidance Narrowing 2011 range 4Q operating earnings guidance of 0.58 to 0.73* Earnings drivers 4Q11 vs. 4Q10** Favorable Drivers Unfavorable Drivers Lower share count Normal weather Higher base and rider revenues…
  6. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 6
    Hedged Power Update Capturing uplift in New England power prices Description 7/28/11 10/28/11 Increase 2011 Millstone 94% 97% 3% Dominion New England Coal (Power) 78% 87% 9% 2012 Millstone 70% 76% 6% Dominion New England Coal…
  7. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 7
    Hedging in NEPOOL Encouraging trend in prices supports growth target 80 79.86 6% growth 5% growth 65 67.88 /MWh 58.72 54.54 55.41 50 52.58 53.02 51.35 51.24 48.60 49.51 47.23 47.42 41.54 35 20 2009 2010 2011 2012…
  8. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 8
    North Anna August 23rd Earthquake Event On August 23rd, a 5.8 magnitude earthquake hit eastern United States Epicenter was 11 miles from North Anna Sensors immediately triggered automatic shut-down of both units as designed…
  9. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 9
    Hurricane Irene 2nd largest restoration effort in our history Irene by the numbers Customers affected 1.2 million Work locations 35,000 Line, patrol, and support personnel 7,000+ - Including mutual aid and tree crews from more than…
  10. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 10
    Operational Performance Safety and operational excellence Safety performance Dominion Generation and Dominion Energy reported record or improving safety performance for the first nine months of the year Dominion Virginia Power saw…
  11. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 11
    Virginia Power Economic growth continues to drive improving results Projected demand growth in our service territory is highest in PJM Virginias 6.5% unemployment rate continues to be well below the national average of over 9% Below…
  12. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 12
    Growth Plan Continued Progress Current Projects Update 93% complete, proceeding on-time, on-budget Virginia City Hybrid Energy Center, 585 MW Initial synchronization scheduled for early 2012 Received Va SCC approval Mount…
  13. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 13
    Cove Point LNG Facility Prospective project (not included in planned or potential capex) Exploring liquefaction possibilities Ideally sited in the Mid-Atlantic to capitalize on Marcellus and Utica shale production Engaged in…
  14. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 14
    Key Regulatory Updates Active calendar for 2011 Biennial Review First review under Virginia re-regulation statute Public hearings were held in September Order due from the Va SCC by end of November Purpose of review Determine…
  15. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 15
    Strong Quarter, Continued Progress Operating earnings at the mid-point of guidance range Narrowing 2011 operating earnings guidance range to 3.05 to 3.20* Hedges in place for all anticipated debt needs remaining in 2011 and 2012…
  16. Q3 2011 Earnings Call – Dominion Resources, Inc. – slide 16
    Visit our website at: www.dom.com/investors

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