Dominion Power 2004 Annual Report Download - page 24

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D 2004/Page 22
more patient cases, long term might
extend to next quarter’s earnings season.
Get things done, the world and its
investors rightly demand. We get things
done here. Getting things done is an
accomplishment. Getting things done
right is an achievement.
We’ve achieved much in the past five,
transforming years. Ambitions for the
next five are high. We’ve missed a few,
had some bumps, but kept our eyes on
the ball and been rewarded with operat-
ing earnings growth and solid shareholder
value. As you read, we’re now at the
hard work of “keeping on being a success.”
Thanks for the support.
Sincerely,
Thos. E. Capps
Chairman and
Chief Executive Officer
debt. Substantial premiums on recent
sales of Canadian natural gas and oil
reserves helped prompt our decision to
sell the assets, which produced about
30 Bcfe annually. We’ll hold onto our
remaining oil and gas assets north of the
border in Alberta.
“The Toughest Thing About
Success”
Irving Berlin once said, “The toughest
thing about success is that you’ve got to
keep on being a success.”
As a team, Dominion investors, man-
agement and employees have conquered
a lot of adversity in the last five years—
Enron and the accounting scandals that
rocked our sector; a tanking economy
spooked by 9/11; war and uncertainty;
volatile energy prices; blackouts and hur-
ricanes that begin with “I.”
At the same time, the world, includ-
ing the investment community, has wired
up. Things move 24/7. Frantic sorts think
long-term investing means 30 days. In We’ve achieved
much in the past
five, transforming
years. Ambitions
for the next five
are high.