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4th Quarter 2013 Earnings Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Jan 31, 2014 · 13 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. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 1
    4th Quarter 2013 Earnings Call January 31, 2014
  2. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 2
    2013 Operating Earnings 3.50 3.35 Va. Power sales Add back Merchant 3.20 generation Ancillary Lower impact of mild weather margins service Natrium O&M Lower revenues delay & taxes outage Retail and TL-388 Producer…
  3. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 3
    Operating EBIT 2013 actual versus guidance (in millions) Guidance Actual Drivers Mild weather and lower sales Dominion 975 - 945 Lower O&M Virginia Power 1,025 Electric Transmission Blue Racer Lower O&M and fuel costs Dominion…
  4. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 4
    Financing Formed Dominion Gas Holdings, LLC 2014 Debt Plan Provides greater visibility of the capital structure and earnings from rate regulated 400m gas businesses Dominion Resources Allows for financing on better terms Issued…
  5. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 5
    2014 Operating Earnings Guidance 3.65 Lower effective 3.35 Va Power tax rate sales 3.25 Higher growth O&M Va Power Energy Interest Riders Ancillary growth expense DD&A service Retail Normal revenues weather 2013…
  6. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 6
    Hedged Power Update Millstone Hedge 2014 2015 2016 Position 92% 81% 23% 65.72 59.67 56.80 53.66 54.09 52.03 51.50 49.29 /MWH 2013 2014 2015 2016 NEPOOL Baseload Avg. Hedge Price NEPOOL ATC Power Price 2014 Sensitivity to…
  7. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 7
    Financial Review 2013 operating earnings of 3.25 per share* Mild weather reduced earnings by 0.10 per share 2014 financing plans Debt offerings at Virginia Power, Dominion Resources and Dominion Gas Holdings Offering of mandatory…
  8. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 8
    Operational Accomplishments Continued outstanding operational and safety performance Dominion Energy delivered best safety year on record Dominion Generation Nuclear fleet achieved highest ever capacity factor of 93.7% Dominion…
  9. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 9
    Dominion Generation Warren County 75% complete Expect in service late 2014 Brunswick County Gas and steam turbines procured Expect in service mid-2016 Warren County Biomass Conversions All three conversions completed on time…
  10. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 10
    Dominion Energy Sabinsville to Morrisville and Tioga Area Expansion Placed in to service, on time and under budget Allegheny Storage Project and Natrium to Market Project Both expected in service in November 2014 Marcellus Farmout…
  11. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 11
    Dominion Energy Producer Outlet Projects Incremental firm transportation services with shorter lead times and minimal capital investment Projects beginning in 2014 1. 10-year agreement with Gulfport Energy for 100,000 dth/d 2.…
  12. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 12
    Dominion Energy 1,200 Natrium I repairs are complete Permitted Utica Well and operating at full capacity 1,000 Status 800 of Wells Blue Racer has entered in to Drilled long-term acreage dedications 600 with many leading…
  13. 4th Quarter 2013 Earnings Call – Dominion Resources, Inc. – slide 13
    Visit our website at www.dom.com/investors.

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