Dominion Power 2001 Annual Report Download - page 21
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19
Capital Discipline,
Stronger Cash Flows
Our ability to buy, sell and
operate successfully requires
commitment to capital discipline.
As an investor, you measure us
by the quality of earnings and
the strength of our cash flows,
bond ratings and balance sheet.
Cash from operations—an
important indicator of financial
health—grew 80 percent in
2001 to $2.4 billion, over
$1 billion more than 2000. We
expect cash flow to grow to
more than $3 billion by 2003.
High Bond Ratings Maintained
When we choose to borrow
money to finance our acquisi-
tions, our internal investment-
review committee insists on
two unwavering conditions:
first, that we maintain strong
investment grade ratings; and
second, that we balance our
equity and debt in a proportion
that serves the joint interests
of our shareholders and lenders,
and maintains the confidence
of both.
Visit your company’s Web site at www.dom.com.
We offer a variety of options for customers who
want to do business on the Web. Keep up with
important developments through the year by
visiting our investor information pages or reading
our news releases.