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2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp

Dominion Midstream Partners Lp · Jul 30, 2014 · 10 slides

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Slides

  1. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 1
    2nd Quarter 2014 Earnings Call July 30, 2014
  2. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 2
    2Q14 Operating Earnings Summary 0.65 2nd Quarter Drivers 0.62 Lower operating expenses 0.55 Lower interest and taxes Mild weather Unplanned outage at Millstone Principal Exclusions from Operating EPS Guidance Actual…
  3. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 3
    Operating EBIT 2Q14 actual versus guidance (in millions) Guidance Actual Drivers Mild weather Dominion 240-260 243 Virginia Power Reg. electric sales Transport & storage revenues Dominion 190-220 215 Energy Lower operating…
  4. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 4
    Financing Equity Issued 1 billion of mandatory convertibles Debt Filed Dominion Gas Holdings S-4 registration statement with SEC Anticipate issuing 1 billion at Dominion Gas in the 4th quarter MLP Expect to commence offering…
  5. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 5
    3Q14 Operating Earnings Guidance 0.90 to 1.05 3rd Quarter Drivers 1.00 Normal weather Va. Power riders Merchant margins Absence of Blue Racer asset contribution Interest expense 3Q13 3Q14 EPS EPS* Guidance* Operating…
  6. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 6
    Hedged Power Update Millstone Hedge 2014 2015 2016 Position 98% 80% 31% 60.96 56.80 57.58 55.43 55.34 52.43 52.38 49.29 /MWH 2013 2014 2015 2016 NEPOOL Baseload Avg. Hedge Price NEPOOL ATC Power Price 2014-2016 forward…
  7. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 7
    Dominion Generation Warren County 90% complete Expect in service in 4Q Brunswick County 20% complete Expect in service mid-2016 Warren County Warren County Bremo Conversion Conversion of units 3 and 4 completed on time and on…
  8. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 8
    Dominion Energy Allegheny Storage Project and Natrium to Market Project Both expected in service by November Producer Outlet Projects Monroe to Cornwell 15-year agreement to move 205,000 dth/d beginning November 2016 Western…
  9. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 9
    Dominion Energy 1,500 Blue Racer update Permitted Utica Well Natrium II became operational Status during the quarter Drilled 1,000 Fractionation capacity at Natrium of Wells will be expanded by March 2015 Producing 500…
  10. 2nd Quarter 2014 Earnings Call – Dominion Midstream Partners Lp – slide 10
    Visit our website at www.dom.com/investors.

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