Dominion Power 2002 Annual Report Download - page 8

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Residential 47%
Commercial 30%
Industrial 10%
Public
Authority 10%
Resale 3%
Residential 70%
Commercial 20%
Industrial 6%
Other 4%
Revenue by Customer Class
For the Year 2002 For the Year 2002
Electricity Natural Gas
21,867
23,830
1
Year Total Return
3
Year Total Return
5
Year Total Return
Electric Generation Growth
Megawatts
As of Year End
2001 2002
16,000
20,000
24,000
Our commitment
to safety, efficiency,
productivity and
ethical behavior
remains unchanged.
6Dominion ’02 Annual Report
Our natural gas and oil exploration and production also contribute
about 25 percent to operating segment earnings—our biggest stake in unregulat-
ed commodity markets.
About half of operating segment earnings comes from Dominion
Energy, which oversees our gas and electric power transmission systems, energy
marketing, and 24,000 megawatts of electric generation. About 18,000
megawatts are dedicated to Dominion Virginia Power’s 2 million retail cus-
tomers. They are served under a sound restructuring law enacted in 1999 that
caps customer base electric rates until July 2007. The cap provides consumers
with years of rate stability and Dominion with a stable revenue stream that
we can use to improve our business. The balance of our generation is merchant
power serving wholesale customers, most under long-term supply contracts.
Operating Earnings Increase But even in tough times, our integrated assets
are reliable sources of earnings, as our 16 percent increase in 2002 operating
earnings illustrates.