Dominion Power 2010 Annual Report Download - page 12

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2006 Operating
Earnings Mix*
Regulated42%
Unregulated
& Other 58%
2010 Operating
Earnings Mix*
Regulated71%
Unregulated
& Other 29%
2011-2015 Operating
Earnings Mix Target
Regulated65-75%
Unregulated25-35%
4/07 REREGULATION LEGISLATION ENACTED IN VA
4/07 AGREEMENT TO SELL NON-APPALACHIAN E&P
10/07 NEW DIVIDEND POLICY ADOPTED (55% PAYOUT RATIO BY ‘10)
3/09 VIRGINIA POWER
RATE CASE FILING
2/10 PEOPLES SALE
3/10 VIRGINIA POWER BASE RATE SETTLEMENT APPROVED
4/10 APPALACHIAN E&P SALE
12/10 NEW DIVIDEND POLICY ADOPTED (60-65% PAYOUT RATIO)
Between 2006 and 2010, operating earnings per share grew 35 percent and
our shareholders saw growth in the dividend rate of 33 percent. Dominion’s
five-year transformation and the projects listed below are the principal reasons
for higher operating earnings per share and dividends. We expect that our
2011-2015 growth plan will fuel additional EPS and dividend growth.
2006 2007 2008 2009 2011 2012 2013 20142010 2015
COVE POINT EXPANSION
DOMINION HUB I
DOMINION HUB III
DOMINION HUB II
LADYSMITH 3 & 4
PLEASANT VIEW TO HAMILTON
MEADOW BROOK TO LOUDOUN
LADYSMITH 5 WARREN COUNTY
GENERATION UPRATES
APPALACHIAN GATEWAY
COVE POINT ANCILLARIES
USA STORAGE MARCELLUS 404
NEDPOWER MOUNT STORM PHASE II NORTHEAST EXPANSION
CARSON TO SUFFOLK
NEDPOWER MOUNT STORM PHASE I GATHERING ENHANCEMENT
BEAR GARDEN
FOWLER RIDGE PHASE I
VIRGINIA CITY HYBRID ENERGY CENTER
MOUNT STORM TO DOUBS
Dominion Virginia
Power Enhancement
Dominion Generation
Enhancement
Dominion Energy
Enhancement
Project start points represent
the first official filing date (or
projected first filing date) for a
project. End points represent
the official in-service date (or
projected in-service date) for a
project. Projects with phased-in
service show multiple end dates.
*Based on Non-GAAP Financial Measures.
See page 20 for GAAP Reconciliations.