Dominion Power 2012 Annual Report Download

Download and view the complete annual report

Please find the complete 2012 Dominion Power annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 22

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22

DOMINION RESOURCES, INC.
2012 SUMMARY ANNUAL REPORT
Building for
a Brighter
Tomorrow

Table of contents

  • Page 1
    Building for a Brighter Tomorrow DOMINION RESOURCES, INC. 2012 SUMMARY ANNUAL REPORT

  • Page 2
    ... 15 16 18 22 23 24 The Virginia City Hybrid Energy Center (front, left) and the Natrium natural gas processing and fractionation plant are part of a growing ï¬,eet of facilities serving all types of energy customers. Headquartered in Richmond, Va., Dominion (NYSE: D) is one of the nation's largest...

  • Page 3
    ...gas customers. In 2012, we took necessary steps that, we believe, will result in continued excellent service and solid returns for you, our shareholders. The Meadow Brook to Loudoun transmission line runs through the rolling hills of Virginia. The $255 million line, which was completed in April 2011...

  • Page 4
    ...in Virginia and North Carolina and support new natural gas drilling, gathering, processing, storage and transportation in the shale regions of West Virginia, Pennsylvania and Ohio. Virginia City Hybrid Energy Center ELECTRIC GENERATION FUELED BY COAL, WASTE COAL AND BIOMASS, DOMINION VIRGINIA POWER...

  • Page 5
    ... company's 1.2 million customer accounts. Conversions ELECTRIC GENERATION CONVERSION PROJECTS, DOMINION VIRGINIA POWER The Altavista Power Station in Central Virginia (at left) is one of three small coal-fired stations that Dominion Virginia Power is converting to burn renewable biomass...

  • Page 6
    ... STORAGE PROJECT -STORAGE SERVICE ALLEGHENY STORAGE PROJECT - TRANSPORTATION SERVICE COVE POINT LIQUEFACTION (POTENTIAL PROJECT) Dominion Generation WARREN COUNTY GENERATION UPRATES VIRGINIA CITY HYBRID ENERGY CENTER BIOMASS CONVERSIONS BRUNSWICK COUNTY BREMO GAS CONVERSION FUTURE COMBINED CYCLE...

  • Page 7
    ... in massive power outages in, for instance, Virginia. Then, just days before the election, Superstorm Sandy roared into the Northeast, leaving in its path unimaginable suffering and devastation. Norfolk, Va., lights up the night sky, courtesy of Dominion Virginia Power. The city, home to 242...

  • Page 8
    ... 1,000 Dominion Virginia Power employees and contractors - and, for the first time, Dominion East Ohio employees - to the Northeast to help bring utility services back online. There are stories such as those of Dwight Brown, a groundman in Norfolk, Va., whose entire Dominion Virginia Power crew was...

  • Page 9
    ... that support the services we provide our customers. We value diversity and want to attract, hire and retain the best employees. Part of that effort includes our innovative Troops to Energy Jobs program, which has hired 224 military veterans since 2011. 2012 Summary Annual Report Dominion Resources...

  • Page 10
    ...- and biomass-fired Virginia City Hybrid Energy Center - which we believe to be one of the nation's cleanest coal-burning power stations - began producing electricity for Dominion Virginia Power customers. Located in Southwest Virginia, a region in which most counties have unemployment rates above...

  • Page 11
    ... recently, workers from Dominion Virginia Power and Dominion East Ohio assisted utilities in the Northeast to restore electric and gas service after Superstorm Sandy. The Golden Rule has served us all well. the long-term decommissioning process in May 2013. Your company's remaining 3,650 megawatts...

  • Page 12
    ... a 14.9-megawatt fuel cell power facility in Bridgeport, Conn. It would be North America's largest. The facility would enter service in late 2013 and its output would be part of a 15-year power purchase agreement with Connecticut Light & Power. Dominion Resources 2012 Summary Annual Report 14

  • Page 13
    ... 08 09 10 11 12 08 09 10 11 12 * Based on Non-GAAP Financial Measures. See page 22 for GAAP reconciliations. 2008 - 2011 recast to reï¬,ect Salem Harbor and State Line as discontinued operations. * Does not include Corporate and Other. 2012 Summary Annual Report Dominion Resources 15

  • Page 14
    ... jobs, and local tax revenue from 2007 - 17. 2.2 13 4.7 14 6.4 15 8.5 16 10.7 17 * All planned capital expenditures are based on the capital expenditure plan reviewed and endorsed by Dominion's Board of Directors in late 2012, adjusted for the Cove Point project and other Energy-related...

  • Page 15
    ..., time and again I have witnessed how the media's and public's attention shifts to energy only during extreme service disruptions such as after Sandy or when energy bills go up. Consider this: Since President Barack Obama was first elected, electric bills have risen only slightly and utility gas...

  • Page 16
    ...Merchant power production 2012 HIGHLIGHTS • Completed the 600-megawatt Virginia City Hybrid Energy Center, a generation facility that burns coal, waste coal and biomass, in Southwest Virginia. • Announced the company's intention to sell Brayton Point in Massachusetts and Kincaid in Illinois, and...

  • Page 17
    ... for utility customers in Virginia and North Carolina and for merchant power markets. As of Dec. 31 Generation Stations in Operation New Generation Stations Planned/Under Development Natural Gas Wind Fuel Cell Coal Hydro Natural Gas Nuclear Oil/Gas Biomass Wind 20 Dominion Resources 2012...

  • Page 18
    ... with analysts and investors. Dominion management believes operating earnings provide a more meaningful representation of the company's fundamental earnings power. Reconciliation of Operating Dividend Payout Ratio (non-GAAP) to Reported Dividend Payout Ratio (GAAP) 2012 Data per Common Share Total...

  • Page 19
    ... Power David A. Christian* Executive Vice President and Chief Executive Officer - Dominion Generation Group Chief Executive Officer, Dominion Generation Gary L. Sypolt* Executive Vice President Chief Executive Officer, Dominion Energy Robert M. Blue* Senior Vice President, Law, Public Policy...

  • Page 20
    ...as declared by the board. Dominion paid 52.75 cents per share in each quarter of 2012. Dividends are typically paid on the 20th of March, June, September and December. Dividends may be paid by check or electronic deposit, or they may be reinvested. 24 Dominion Resources 2012 Summary Annual Report

  • Page 21
    ... Storm to Doubs transmission line is vital to the electric grid serving our nation's capital. (2) The $550 million Natrium processing and fractionation plant can transport natural gas and natural gas liquids by barge, truck, rail or pipe. (3) Warren County, a $1.1 billion gas-fired power station...

  • Page 22
    [email protected] Dominion Resources Services, Inc. Shareholder Services P.O. Box 26532 Richmond, Virginia 23261 - 6532 Corporate Street Address Dominion Resources, Inc. 120 Tredegar Street Richmond, Virginia 23219 Mailing Address Dominion Resources, Inc. P.O. Box 26532 Richmond, Virginia...