Dominion Power 2005 Annual Report Download - page 9

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$3,841 investment value
as of December 31, 2005
Dominion 2005 7
2005
Dominion New
England acquisition
(Massachusetts,
Rhode Island)
On January 1
Dominion acquired
three fossil power
stations in New
England’s high-price
power market, which
is heavily dependent
on natural gas-fired
generation.
Kewaunee acquisi-
tion (Wisconsin)
The addition of
Kewaunee Power
Station in Wisconsin
expanded and
diversified our genera-
tion portfolio
in the energy hungry
Midwest region.
2003
First commercial
delivery to Cove
Point LNG Facility
In late summer,
Dominion began oper-
ating the Cove Point
LNG facility. Natural
gas in liquid form
is pumped from
ships at its offshore
dock through pipes
to insulated storage
tanks. It is then
converted back into
its gaseous state.
2002
Cove Point acquisi-
tion (Maryland)
With demand for
natural gas expected
to grow at least 20
percent by the end of
the decade, Dominion
purchased the Cove
Point liquefied natural
gas (LNG) facility in
southern Maryland on
the Chesapeake Bay.
State Line
acquisition (Indiana)
The acquisition of State
Line Power Station
near the Illinois/
Indiana border
increased the output
of our merchant
fleet to nearly 6,000
megawatts.
2001
Millstone acquisition
(Connecticut)
On March 31
Dominion acquired the
Millstone Power Station
in Connecticut—
part of the company’s
super-regional
geographic footprint.
Louis Dreyfus
acquisition
The acquisition of
Louis Dreyfus boosted
natural gas reserves
at our Dominion E&P
unit by nearly 60
percent and increased
production levels by
40 percent.
2000
CNG merger
completed
On January 28
Dominion became the
nation’s largest fully
integrated natural gas
and electric company,
with combined annual
revenues totaling
$8.6 billion and assets
exceeding $24 billion.
2004
Devils Tower,
world’s deepest
spar platform,
began operating in
the Gulf of Mexico
Devils Tower is the
fourth producing
property in our deep-
water portfolio, and
the first operated
by Dominion. It is
designed to handle
60,000 barrels of oil
and 110 million cubic
feet of gas per day.
Amendment to
Virginia Electric
Utility Restructuring
Act (Senate Bill 651)
Senate Bill 651 is
unique in the nation.
It extended fixed base
rates for customers in
Virginia while providing
shareholders with base
rate certainty.