Dominion Power 2003 Annual Report Download - page 15

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13.Dominion 2003
Residential 47%
Commercial 30%
Industrial 10%
Public Authority 10%
Resale 3%
Regulated Revenue by Customer Class:
Electricity
For the Year 2003
Residential 70%
Commercial 21%
Industrial 5%
Other 4%
Regulated Revenue by Customer Class:
Natural Gas
For the Year 2003
We also hedged or
locked in the prices we
expect to get for more
than 80 percent of
our 2004 natural gas
and oil production.
Left: The Dominion Energy
Clearinghouse, headquartered
in Richmond, Virginia, is
Dominion’s energy trading and
marketing operation, and one
of the most successful energy
marketers in North America.
Above: Robert LaRochelle, a
Clearinghouse energy trader,
scans real-time data on multiple
screens.
natural gas-fired electric merchant generation go down.
As a natural gas producer, however, we can sell at high-
er prices into markets for real-time use, or spot sales.
We want to expand our ability to create internal
hedges, too. To accomplish this, we’re increasing the
number of end-use retail customers in regions where retail
customer choice is a reality. By year-end, our Dominion
Retail unit included more than 900,000 of these
price-sensitive gas and power customers among its over-
all base of 1.4 million customers. Retail’s commodity
4
3
2
1
0
1.4
3.9
0.8
3.8
0.7
3.8
1.0
3.9
Regulated & Nonregulated
Retail Energy Customers
Millions of Customer Accounts
200320012000 2002
Regulated Nonregulated