Dominion Power 2000 Annual Report Download - page 16
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Please find page 16 of the 2000 Dominion Power annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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In other words, we’ll sell gas directly when market conditions for gas
sales are good. When demand for gas slackens and prices go down, we’ll
burn the gas in our power plants, put it on the wires, and sell the energy
as electricity. Sometimes we’ll use our storage system to store the gas and
wait for a better sales day.
In our view, it’s critically important to own and operate businesses and
infrastructure that can produce and deliver energy in any form. In tomorrow’s
marketplace, institutional and individual customers will shop for Btus
—whether electrons or gas molecules—just as surely as they shop for
credit cards and long-distance phone service.
Last winter’s high prices and cold weather made it tough on many retail
customers. They don’t have the ability to hedge. We worked with regulators
—and on our own—to help soften the blow. We boosted our contributions
to emergency relief programs and worked to educate customers about them.
We promoted energy conservation. When we could, we even encouraged
our customers to shop around for better deals.
14
Dominion produced an
80 percent total return for the
year, besting industry indexes.
Trading and Marketing
In our view, it’s critically important to own and operate businesses
and infrastructure that can produce and deliver energy in any form.