Dominion Power 2000 Annual Report Download - page 17

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Please find page 17 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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Last year, our trading and marketing groups contributed about
20 cents per share, and we’re looking for a bigger contribution in 2001.
At present, we’re one of the nation’s largest electricity marketers, with
about 136 million megawatt-hours traded in 2000. We rank in the top 25
on the natural gas side, with trading volumes of roughly 1.2 trillion cubic
feet. Our goal is to more than triple our power volumes by 2005 and achieve
a five-fold increase in gas volumes during the same period.
In short, we aim to build value in old ways, new ways and ways
we’re just discovering. We’ll bring greater urgency and innovation to our
long-standing tradition of operational excellence and customer service.
When our acquisition of Millstone is complete in 2001, its units will join
our other top-rated nuclear power stations. In 2000, just as in past years,
Nucleonics Week magazine rated our North Anna and Surry facilities in
Virginia as two of the most efficiently run nuclear stations in the United
States. For the fifth year in a row, the magazine ranked North Anna the
nation’s top performer on a three-year basis, which more accurately
reflects the impact of refueling outages on production costs. Surry came
in at number four.
In April, Surry Units 1 and 2 set an industry record for models of their
type by running 277 days concurrently. Unit 1 achieved a world-record
refueling outage for a three-loop Westinghouse reactor in 23 days,
15 hours and 45 minutes. August 19 marked the 100th day that all four
Dominion units operated concurrently, the sixth time in our history this
has happened. Our nuclear team is taking these strides by demonstrating
what I call a “bias for action.”
Last May, our Bulk Power organization showed us their bias for action in
a big, bold way. In the Virginia port city of Norfolk, a tall crane being
barged along the Elizabeth River snagged company transmission lines
15
Top Nuclear Performance
We’ll bring greater urgency and innovation to our longstanding
tradition of operational excellence and customer service.
A Bias for Action