1Q14 Operating Earnings Summary 1.00 1st Quarter Drivers 1.04 Weather 0.85 Merchant generation margins Ancillary revenues Lower O&M Principal Exclusions from Operating EPS Repositioning of Producer Services Guidance Actual…
Operating EBIT 1Q14 actual versus guidance (in millions) Guidance Actual Drivers Weather Dominion 245-265 269 Virginia Power Electric Transmission Dominion Transport & Storage revenues 290-320 344 Energy Lower O&M Weather…
Financing Debt Issued 750 million of 10 and 30-year notes at Virginia Power Issued 400 million of 3-year notes at DRI Anticipate issuing 1 billion at Dominion Gas and possibly another issuance at DRI MLP Filed S-1 registration…
2Q14 Operating Earnings Guidance 0.55 to 0.65 2nd Quarter Drivers 0.62 Normal weather Regulated electric sales and electric transmission Interest expense Absence of electric retail business Operating expenses 2Q13 2Q14 EPS…
Operational Accomplishments Dominion Virginia Power Set new winter peak demand of 19,785 MWs, an increase of more than 9% above previous record set in 2007 Dominion Generation Nuclear fleet achieved capacity factor near 100% Power…
Dominion Generation Warren County 85% complete Expect in service in 4Q Brunswick County Construction well underway Expect in service mid-2016 WarrenCounty Warren County Bremo Conversion Conversion of units 3 and 4 nearly…
Dominion Energy Allegheny Storage Project and Natrium to Market Project Both expected in service in November New Market Project Preparing the FERC application and expect in service November 2016 New Producer Outlet Project…
Dominion Energy Blue Racer update Permitted 1,400 Utica Well 1,200 Contributed the G-150 pipeline Status and the Northern Gathering 1,000 System of Wells Drilled 800 Natrium II became operational this month 600…
Virginia Regulatory Update Distribution undergrounding legislation Long-term program to place 4,000 miles of most vulnerable distribution lines underground Authorized to spend up to 175 million/year Cost recovery through a rate…
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