Dominion Power 2012 Annual Report Download - page 16

Dominion’s three principal
operating segments are
based in the energy-intensive
mid-Atlantic, Northeast and
Midwest regions of the U.S.
DOMINION AT A GLANCE
18 Dominion Resources 2012 Summary Annual Report
Dominion Safety Incidence Rates
3.49
2.34 2.40
1.39
1.87
0.94
1.40
0.79
1.15
0.53
1.15
0.58
0.95
0.48
0.92
0.42
04 05 06 07 08 09 10 11 12
0.74
0.36
OSHA Recordable Rates Lost Time/Restricted Duty Incidence Rates
*Excludes Corporate and Other Segment.
Dominion Generation
Dominion Energy
Dominion Virginia Power
28%
44%
28%
2012 Primary Operating Segment Earnings Percentages*
19
2012 Summary Annual Report Dominion Resources
Dominion
Virginia Power
Operates regulated electric transmission
and distribution franchises in Virginia
and northeastern North Carolina,
providing electric service to about
2.5 million customer accounts in the
two-state area. Dominion Retail, serving
approximately 2.1 million customer
accounts in 15 retail-choice states, is
part of this segment.
BUSINESS LINES
•Electric transmission
•Electric distribution
•Non-regulated retail energy marketing
(electric, gas and energy-related
products and services)
2012 HIGHLIGHTS
•Connected nearly 31,000 new franchise
customer accounts.
•Energized a major transmission line,
Hayes to Yorktown.
•Achievedacompanyrecordsystem
average interruption duration index,
excluding major storms, of less than
92 minutes, for a three-year rolling
average of 105 minutes, down
from 111 minutes — the seventh
consecutive year of improvement.
2013 OUTLOOK
•Maintain a superior safety record.
•Continue rebuilding the Mount
Storm to Doubs transmission line,
scheduled for completion in 2015.
•Complete a program to replace
2,900 transformers, which, along
with ongoing circuit reconditioning
and other investments, is expected
to improve reliability and system
performance.
Dominion
Energy
Operates one of the nation’s largest
natural gas storage systems; a network
of 11,000 miles of natural gas transmission,
gathering and storage pipelines; a
natural gas distribution system serving
1.3 million customer accounts in West
Virginia and Ohio; and a liquefied natural
gas terminal in Maryland. It also includes
the producer services function and
interest in Blue Racer Midstream, LLC.
BUSINESS LINES
•Natural gas transmission and storage
•Natural gas distribution
•Producer services
2012 HIGHLIGHTS
•Completed four natural gas
transmission, gathering and processing
projects — Appalachian Gateway,
Gathering Enhancement, Northeast
Expansion and Ellisburg to Craigs.
•Moved forward on the development of
the $550 million Natrium processing
and fractionation facility in Marshall
County, W.Va.
•Formed a joint venture with Caiman
Energy II, LLC to focus on “wet” gas
gathering, processing, fractionation
and natural gas liquids transportation
andmarketingintheUticaShale.
2013 OUTLOOK
•Maintain a superior safety record.
•Continue to invest in infrastructure in
the Marcellus and Utica Shale regions
to meet the needs of the producer
community and the marketplace.
•Complete Sabinsville to Morrisville and
the Tioga Area Expansion — Marcellus
Shale infrastructure projects that are
expectedtoaddneedednewcapacity
on Dominion Transmission’s system.
Dominion
Generation
BUSINESS LINES
•Utility power production
•Merchant power production
2012 HIGHLIGHTS
•Completed the 600-megawatt Virginia
City Hybrid Energy Center, a generation
facility that burns coal, waste coal and
biomass, in Southwest Virginia.
•Announced the company’s intention to
sell Brayton Point in Massachusetts
andKincaidinIllinois,andour50percent
ownership interest in Elwood, also
in Illinois.
•Had a nuclear net capacity factor of
92.8 percent, up from 85.2 percent
in 2011.
Operates the company’s fleet of regulated
power stations serving its electric utility
franchise, as well as a merchant power
fleet supplying wholesale markets.
Together they account for approximately
27,500 megawatts of generation.
2013 OUTLOOK
•Maintain a superior safety record.
•Complete the conversions of
three small coal units to biomass,
and move forward on constructing
a 1,329-megawatt, gas-fired
combined-cycle station in Warren
County, slated for operation in 2014.
•Obtain Virginia State Corporation
Commission approval to build a
1,358-megawatt, gas-fired combined-
cycle facility in Brunswick County, Va.