Dominion Power 2001 Annual Report Download - page 22

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We have continued to
maintain our “High BBB”
bond ratings from both Moody’s
and Standard & Poor’s.
Last year, I told you we’d
continue to work to strengthen
the balance sheet. Debt made up
59 percent of our capitalization
at year-end, after adjusting for
securities that will eventually
convert to common stock.
That’s down from our peak of
more than 67 percent when we
closed our merger with CNG.
We’re working to move our debt
ratio to about 55 percent.
In 2001, the respected
financial journal Barron’s ranked
us among the top 15 percent of
the world’s 500 largest public
companies for overall financial
performance. It based these
rankings on a financial “report
card” citing key indicators.
Community Responsibility
We build credibility with our
customers by acting as responsi-
ble citizens in our communities.
The slowing economy hurts
our low-income customers most.
In Ohio, we helped
customers who have been
disconnected or received a
shut-off notice. Under a
one-time payment matching
program, Dominion East Ohio
matched up to $500 per
customer on a dollar-for-dollar
basis. After making that match,
the company worked with
customers to begin a payment
plan to pay off past-due balances.
Our EnergyShare heating
assistance programs in Virginia
and North Carolina collected
record contributions to help the
disadvantaged pay winter energy
bills. Now in its 19th year,
20
Committing to Our
Communities and
the Environment
Rocky Mountain Elk are thriving in Pennsylvania in part
because we seeded nourishing grasses on land where
we laid natural gas pipeline.