Dominion Energy Transaction overview Agreement to divest substantially all Gas Transmission & Storage segment assets Buyer: Berkshire Hathaway Energy 9.7 billion transaction value Includes the conveyance of 5.7 billion of debt…
Dominion Energy Transaction overview Assets being divested (wholly-owned unless noted): Dominion Energy Transmission (DETI)Serves Mid-Atlantic region Questar PipelinesServes Rocky Mountain region Carolina Gas TransmissionServes South…
Dominion Energy Opportunity for significant long-term value creation for shareholders Strategic review led to agreement with respected operator Valuation, employee commitments, and operating credentials Dominion Energy strategic and…
Dominion Energy Strategic repositioning towards pure-play state-regulated utility; highlighted clean-energy profile Premier state-regulated utility operations Industry-leading clean energy profile Increased long-term earnings and…
Dominion Energy Increasing contribution from premier state-regulated utility franchises State- Divestiture of regulated utility gas transmission & contribution storage assets (2020) State-regulated utility operations: (2019)…
Dominion Energy Approaching 100% state-regulated earnings profile State-regulated utility operations Regulated-like Dominion Energy Dominion Energy Contracted Gas Distribution Assets Virginia South Carolina (formerly Contracted…
Dominion Energy Industry-leading clean energy profile NET ZERO carbon and methane emissions by 2050 CO2e emissions of gas Est. growth capital investment Enterprise-wide generation (MWh) businesses (2020 to 2035) Immediate…
Dominion Energy 2020 operating earnings per share guidance Original 2020E Updated 2020 Changes guidance guidance DEV DESC 2.893.11 Gas Corp & (Slide 7 of Q4 2019 2.893.11 earnings materials) Distribution Other Contracted Assets…
Dominion Energy Operating earnings per share guidance 10%11% 6.5% growth annual EPS 3.853.90 growth 3.50 Utility-focused, predictable and Includes programmatic investment estimated full- profile year impact of planned share…
Dominion Energy Dividend per share guidance All dividend declarations subject to Board approval Rebasing reflects 6% asset sale + normalized payout annual 3.45 DPS growth Q1 (Mar): 0.94 2.50 Q2 (Jun): 0.94 Est. Q3 (Sep): 0.94…
Dominion Energy Relative investment proposition Earnings Dividend payout Business risk Pure-play ESG growth guidance ratio guidance profile + 6.5% 65% Excellent Peer guidance averages Best-in-class peers 6.4% 63%…
Dominion Energy Improved credit profile and balance sheet Allocation of transaction value State-regulated utility contribution History: Improving metrics and lowered thresholds Debt reduction Moody's S&P 60% 85%90% 16% GT&S…
Dominion Energy Dominion Energy Gas Holdings (DEGH) debt financing entity DEGH will be transferred as-is to BHE with the exception of a 50% interest in Cove Point which be retained debt-free by Dominion Energy BHE is an A rated company…
Dominion Energy Atlantic Coast Pipeline Dominion Energy and Duke Energy announced the cancelation of the Atlantic Coast Pipeline due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the…
Dominion Energy Strategic repositioning towards pure-play state-regulated utility; highlighted clean-energy profile Premier state-regulated utility operations Industry-leading clean energy profile Increased long-term earnings and…
Appendix Please refer to page 2 for risks and uncertainties related to projections and forward looking statements
Appendix Virginia leading the way on clean energy transition Most comprehensive renewable energy mandate in the nation Will create thousands of jobs, putting Virginia to work Regional, state, and local economic growth OFFSHORE…
Appendix Payout ratio benchmarking: 2020E Average excl. D: 64% 85% 81% 80% 73% 72% 68% 68% 67% 66% 66% 65% 64% 63% 63% 62% 62% 62% 62% 62% 58% 58% 58% 57% 52% D SO AGR DUK ED PPL WEC ETR EVRG AEP D NI LNT FE XEL ES CMS…
Appendix 2020 long-term debt issuance plan (M) Original guidance: Year-to-date Remaining issuance Gross issuance range issuance for year Dominion Energy Virginia 8001,000 8001,000 Gas Transmission & Storage 400700 Transferring to…
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