Dominion Power 2006 Annual Report Download - page 30

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2006 Annual ReportDOMINION 29
Reconciliation of 2006 Segment Operating Earnings
to Reported Earnings (GAAP)
Operating Earnings Reported Earnings
Millions %Millions %
Dominion Delivery $ 438 22 $ 438 32
Dominion Generation 537 26 537 39
Dominion Energy 360 18 360 26
Dominion E&P 680 34 680 49
Primary operating
segments 2,015 100 2,015 146
Corporate (201) (635) (46)
Consolidated $1,814 $1,380 100
*See Reconciliation of Operating Earnings to Reported Earnings.
Reconciliation of 1997 Operating Earnings
to Reported Earnings (GAAP)
Operating Earnings Reported Earnings
Millions %Millions %
Dominion Capital $ 45 8 $ 45 11
Virginia Power 433 76 433 109
Dominion UK* 46 8 (111) (28)
DEI-E&P 17 3 17 4
DEI-Generation 28 5 28 7
$ 569 100 $ 412 103
DRI Holding Co. (13) (13) (3)
Consolidated $ 556 $ 399 100
*Dominion UK operatings earnings exclude $157 million of windfall profits tax.
Reconciliation of Operating Return on Equity
to Reported Return on Equity
2005 2006
Millions %Millions %
Common Shareholders’
Equity—13 mos. average $10,693 $12,059
Operating Earnings—
Twelve months ended* 1,572 1,814
Return on average common
equity—operating 14.7% 15.0%
Reported Earnings—
Twelve months ended 1,033 1,380
Return on average common
equity—reported 9.7% 11.4%
*See Reconciliation of Operating Earnings to Reported Earnings.
For factors that could cause actual results to differ, see Forward-Looking
Statements, Risk Factors and Market Risk Sensitive Instruments and Risk
Management in Management’s Discussion and Analysis of Financial
Condition and Results of Operations in this report.
30 Management’s Discussion and Analysis of
Financial Condition and Results of Operations
Management’s Annual Report on
Internal Control over Financial Reporting
Reports of Independent Registered Public
Accounting Firm
Consolidated Statements of Income for the
years ended December 31, 2006, 2005 and 2004
Consolidated Balance Sheets
at December 31, 2006 and 2005
Consolidated Statements of Common
Shareholders’ Equity and Comprehensive Income
at December 31, 2006, 2005 and 2004 and for
the years then ended
Consolidated Statements of Cash Flows for the
years ended December 31, 2006, 2005 and 2004
Notes to Consolidated Financial Statements
Directors & Executive Officers
Shareholder Information
2006 FINANCIAL CONTENTS
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