Dominions Strategic Advantages Investment Consideration 2017-2020 Diverse Capital Growth Gas / Electric Industry 90% Leading 8%+ Regulated Dividend Operations Growth* Large Project Large Step Execution Change Growth…
2017 Investor Meetings Contents Operating Earnings Guidance 4 Capital Plan and Project Update 6 Dominion Midstream Partners 10 Fixed Income 16 Please refer to page 2 for risks and uncertainties related to projections and…
Operating Earnings Guidance Full Year 2017 and 2018 10%+ 3.80 3.90 2018 drivers support at least 3.40 10% year-over-year earnings growth 2017 2020 EPS CAGR will be in 2016 FY 2017 FY 2018 the 6-8% range EPS* Guidance* 2017…
Earnings Growth Drivers 2019 and Beyond VEPCO VEPCO Merchant Merchant Generation Generation Annual electric transmission spend Rising NEPOOL power prices 750 million Legislation in Northeast VA sales growth military spending…
Total Dominion Capex 2017 2020 Growth Plan (billions) 13 - 15 billion 61 - 63 Growth Capex 3.0 - 4.0 3.0 - 4.0 3.2 Net Plant1 48 4.2 Net Average annual spend of 3.3 - 3.8 billion Plant 2019 & 2020 growth opportunities…
Growth Project Updates Strategic undergrounding Dominion SCC approved 139mm investment Virginia Power Electric transmission 800M growth capital planned in 2017 Greensville County 1,588 MW CCGT Dominion 1.3 billion investment,…
Dominion Energy Growth Project Update Cove Point Liquefaction Construction is On-time & On-budget Engineering and procurement are essentially complete Completed setting all major equipment in December Commissioning is…
Dominion Energy Atlantic Coast Pipeline and DTI Supply Header ACP OWNERSHIP STRUCTURE: Received FERC Draft EIS Dominion Resources* 48% Duke Energy 47% December 30, 2016 Southern Company 5% Expect Final EIS June 2017 SUPPLY HEADER…
Dominion Midstream Partners Executing the Strategy Stable and predictable cash flows Asset profile Long-term contracted assets No commodity risk Questar Pipeline dropdown will cover Sources of Growth DM until 2H 2018 &…
Dominion Midstream Partners Acquisition of Questar Pipeline DM acquired Questar Pipeline from Dominion for 1.725 billion Contribution represents a 10.3x 2016E EBITDA valuation multiple Transaction financing includes: Preferred…
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…
Dominion Midstream Partners Adding Value to Dominion Shareholders Uses of DM Cash Contributions 2018 & Beyond Delever DRI as a percent of overall Strengthen leverage to 30% - 40% by 2020 Balance Sheet Support high triple-B target…
Dominion Financial Growth Targets Operating EPS to grow by at least 10% in 2018 over 2017 Operating EPS CAGR 2017 2020 will be in the 6-8% range Anticipated dividend growth rate from 2018 to 2020 will be greater than 8%…
Dominion Fixed Income 2017 Investor Meetings 16
Financing Structure with Operating Segments DRI* Dominion VEPCO* Dominion Gas* Midstream Utility Dominion Merchant Atlantic Coast Dominion Generation Transmission Generation Pipeline**(48.0%) Carolina Gas Electric Dominion…
Financial Management Credit Ratings Profile Dominion Resources, Inc. Moody's S&P Fitch Target Credit Ratings: Corporate/Issuer Baa2 BBB+ BBB+ Senior Unsecured Debt Securities Baa2 BBB BBB+ DRI: High Triple-B range Junior…
Long-term Financing Activities 2017 Financing Plan ( millions) Entity Financing Plan DRI DRIP Equity 300 DRI Debt 1 2,000 - 2,300 DRI 2014 MC Jr Debt Remarketing 2 1,000 VEPCO Debt 1,400 - 1,700 DGH Debt 0 QGC Debt…
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