Operating Earnings Summary Third Quarter 2016 Versus Guidance 1.14 1.10 3rd Quarter Drivers 0.95 Weather Lower operating expenses Timing of partnership income Millstone margins Guidance Actual Range Operating EPS* *See…
Operating EBITDA Summary Third Quarter 2016 Versus Guidance (in millions) Operating Guidance Actual Drivers Segment EBITDA EBITDA Dominion Virginia Weather 395 - 430 423 Power Major storm restoration Dominion Weather 840…
Dominion Midstream Partners (DM) Third Quarter 2016 Earnings and Distribution Financial Results in line with Management expectations Net Income 24.3 million Adjusted EBITDA 27.9 million* Distributable Cash Flow 24.1 million*…
Cash Flow and Financing Activities Third Quarter 2016 Cash Flow & Liquidity 3.1 billion in funds from operations through 3Q 2016 5.5 billion of credit facilities* 2.5 billion of liquidity* Recent Financing Activities DRI 1.3…
Operating Earnings Guidance Fourth Quarter 2016 1.05 4th Quarter Drivers Return to normal weather 0.90 Absence of a Millstone outage 0.70 Growth projects Lower capacity expense Questar Financing costs 4Q 2015 4Q 2016 EPS*…
Dominion Generation Growth Project Update Greensville 1,588 MW plant in Greensville County, VA 3-on-1 gas fired combined cycle Duct burners, inlet air chillers, gas only Charlottesville Richmond Estimated Costs of 1.3 billion…
Dominion Generation Growth Project Update Solar Utah long-term contracted solar projects went in-service in September 2016 on-time and on-budget Four Brothers 50% ownership in 320 MW facility Three Cedars 50% ownership in 210 MW…
Dominion Energy Growth Project Update Cove Point Liquefaction Construction is On-time & On-budget Engineering is 99% complete Procurement of engineered equipment is 99% complete 2,000+ construction workers on-site Project is…
Dominion Energy Atlantic Coast Pipeline and DTI Supply Header Received FERC Notice of ACP OWNERSHIP STRUCTURE: Dominion Resources* 48% Schedule Aug. 12, 2016 Duke Energy Southern Company 47% 5% Signed construction SUPPLY…
Dominion Energy Gas Infrastructure Growth Primarily demand-driven projects moving gas to end-use customers Cove Point Liquefaction Atlantic Coast Pipeline / Supply Header Market Access Projects Producer Outlet Projects…
Questar Merger Complete Announced February 1, 2016 Closed on September 16, 2016 Consistent with strategic focus on core energy infrastructure Combination of integrated natural gas asset profiles with extensive supply,…
Key Takeaways Third Quarter 2016 Earnings and Operational Highlights Executing the growth plan and delivering on guidance Dominion Operating earnings of 1.14 per share well above top end of third quarter guidance range* Strong…
Dominion Midstream Partners Low-cost Dropdown Financing Secured Among largest financing transactions by a publicly-traded MLP in 2016 Low-cost financing secured: Preferred equity issued with 4.75% initial distribution, lowest ever…
Dominion Midstream Partners Acquisition of Questar Pipeline DM will acquire Questar Pipeline from Dominion for 1.725 billion Scheduled to close Dec. 1 Contribution represents a 10.3x 2016E EBITDA valuation multiple Transaction…
Dominion Midstream Partners Common Equity Financing Common equity 500 million* 2.9% discount to last trade lowest in MLP market in 2016 Greater than 140x Average Daily Trading Volume 80% of existing public float Deal Size…
Dominion Midstream Partners Preferred Equity Financing Preferred equity up to 600 million to external investors Lowest initial distribution in MLP history 4.75% Conversion premium of 15% Placed with a group of private investors led…
Dominion Midstream Partners Total Projected Cash Flow to Dominion ( billions) Questar Pipeline Validates model to generate 7 - 8 billion in cash for dropdown financing Dominion from 2016-2020* generates 1.2 billion of cash for…
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