Dominion Power 2012 Annual Report Download - page 6

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Dominion Resources 2012 Summary Annual Report6
*All dividend declarations are subject to Board
of Directors approval. See page 22 for GAAP
Reconciliation of Operating Dividend Payout
Ratio (non-GAAP) to Reported Dividend Payout
Ratio (GAAP).
Building Today for Tomorrow’s Needs
Dominion’s multiyear, multibillion-dollar
regulated growth program is helping
to position your company to meet
5– 6 percent earnings per share growth
targets in 2013 and beyond, barring
unfavorable weather and other events.
New infrastructure and an increasing
reliance on earnings from stable,
regulated business have also allowed
Dominion’s Board of Directors to set
a new dividend policy, directing that
the company return 65 to 70 percent
of its operating earnings to you, our
shareholders.* To your right, please find
a list of selected projects in each of our
three operating business segments that
we believe will contribute to both growth
in operating earnings per share and the
dividend payout ratio.
UPDATE ON OUR PLAN:
Executing
Our
Growth
Plan
2012 2013
Dominion
Generation
Dominion
Virginia Power
Dominion
Energy APPALACHIAN GATEWAY
GATHERING ENHANCEMENT
NORTHEAST EXPANSION
TIOGA AREA EXPANSION
ELLISBURG
TO CRAIGS
NATRIUM PHASE I
SABINSVILLE TO MORRISVILLE
RADNOR
HEIGHTS
HAYES — YORKTOWN
CANNON BRANCH — CLOVERHILL
VIRGINIA CITY HYBRID ENERGY CENTER
BIOMASS CONVERSIONS
GENERATION UPRATES
Bear Garden Power Station entered service in May 2011.
2012SummaryAnnualReport Dominion Resources 7
2014 2015 2016 2017 2018
NATRIUM TO MARKET
ALLEGHENY STORAGE PROJECT —STORAGE SERVICE
ALLEGHENY STORAGE PROJECT — TRANSPORTATION SERVICE
COVE POINT LIQUEFACTION
(POTENTIAL PROJECT)
DOOMS — BREMO
CLOVERHILL —LIBERTY
SKIFFES CREEK
FENTRESS — YADKIN
DOOMS — LEXINGTON
MOUNT STORM —DOUBS
BRUNSWICK
COUNTY
NORTH ANNA 3 (POTENTIAL PROJECT)
BREMO
GAS CONVERSION
WARREN
COUNTY
FUTURE COMBINED CYCLE FACILITY
Regulated
Infrastructure
Investment
Dollars in Billions
Cumulative Planned Growth
Capital Expenditures 2013–2017**
** All planned expenditures are preliminary and may be subject
to regulatory and/or Board of Directors approvals.
*** Excludes potential capital expenditures for the Cove Point
liquefaction project.
Dominion
Virginia Power $ 4.5
Dominion
Energy*** 2.2
Dominion
Generation 4.0
Total $ 10.7