Dominion Power 2012 Annual Report Download - page 17

Dominion Resources 2012 Summary Annual Report20
DOMINION’S
OPERATING AND
SERVICE AREAS
Dominion has continued
to refine its business model,
focusing on core regulated
electric and gas businesses
that provide more predictability
to the earnings stream.
Six Years Later, Strategic
Repositioning Continues
An announcement in 2006 began a
transformation that continues today.
On Nov. 1, 2006, we outlined our intent
to sell most of our natural gas and oil
exploration and production (E&P) assets.
That marked the beginning of a strategic
repositioning targeting a risk profile
resembling that of our utility peers.
Since that autumn day, we have
continued to refine our business model,
focusing on core regulated electric
and gas businesses that provide more
predictability to our earnings stream and
instill confidence in you, our investors.
Our goal is a Dominion whose operating
earnings are governed by the certainty
and stability provided by rate-making
bodies and long-term contracts.
As such, we routinely analyze our
assets and asset mix to determine
whether individual assets meet certain
financial criteria and properly fit our
business model.
Much has changed since the fall
of 2006. No longer do we have E&P.
And our expected remaining baseload
merchant generation portfolio will consist
of those facilities that can perform well
financially and run reliably at all times.
The Dominion of today aims to pay
dividends for you tomorrow.
Dominion
Energy
Dominion
Generation
Dominion
Virginia Power
This operating segment has assets stretching
from the Chesapeake Bay in Maryland,
west to western Ohio, and north to Upstate
New York. It has facilities in six states.
Dominion’s diverse power generation fleet
includes facilities powered by nuclear, coal,
natural gas, oil, biomass, water and wind.
It provides electricity for utility customers in
Virginia and North Carolina and for merchant
power markets.
This operating segment consists of 56,900 miles
of distribution lines and 6,300 miles of
transmission lines, and serves about
2.5 million customer accounts in Virginia
and North Carolina and 2.1 million retail
energy customer accounts in 15 states.
2012SummaryAnnualReport Dominion Resources 21
As of Dec. 31
Regulated Electric Distribution (VA and NC)
Electric Transmission Lines (Bulk Delivery)
Electric Transmission Lines (Bulk Delivery)
Under Construction
As of Dec. 31
Natural Gas Transmission Pipelines
DEO Wet Gas Gathering Pipelines
Blue Racer Midstream, LLC Pipelines
Natural Gas Transmission Pipelines
(Partnership)
Natural Gas Underground Storage Pools
Regulated Natural Gas (OH) Distribution
and Gathering
Regulated Natural Gas (WV) Distribution
Natrium (under construction)
Cove Point LNG Facility
Hastings
Utica Shale boundary
Marcellus Shale boundary
As of Dec. 31
Generation Stations
in Operation
Natural Gas
Wind
Fuel Cell
New Generation
Stations
Planned/Under
Development
Coal
Hydro
Natural Gas
Nuclear
Oil/Gas
Biomass
Wind