Dominion Power 2014 Annual Report Download - page 14

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DOMINION RESOURCES, INC.
12
ATLANTIC COAST PIPELINE
PROJECT BENEFITS
Reliability
• Route ensures diversity of supply,
deliverability
• Access to prolific, cost-
competitive supply
• Supports growing gas demand in
Virginia, North Carolina
Expandability
• Larger pipeline diameters facilitate
lower-cost future expansions
• More compression could be added
quickly, economically
• Independent route provides ready
access for underserved markets
Economic Viability
• Net annual energy savings of $377
million per year over 20 years for
consumers in Virginia, North Carolina
• Supports creation of more than 2,500
permanent jobs along route
• Cleaner air in three-state region
Dominion pipeline systems,
including joint ventures
Proposed Atlantic
Coast Pipeline
Marcellus Shale
Utica Shale
Cove Point
Storage
ATLANTIC COAST PIPELINE PROJECT FEATURES
Customer Commitment
• 20-year binding gas
transportation agreements
• Multiple end-use customers
• 91 percent subscribed
Capacity
• 1.5 billion cubic feet per day
• Expandable to 2 billion cubic
feet per day
Specifications
• 550-plus miles along
independent new route
• Pipe’s diameter ranges
from 20 inches to 42 inches
• Three compressor stations
• Access to Appalachian Basin
gas supply
STRUCTURE & TIMELINE
Joint venture among the following partners:
Ownership Structure
• Dominion Resources*: 45%
• Duke Energy: 40%
• Piedmont Natural Gas: 10%
• AGL Resources: 5%
Total Estimated Cost
•$4.5 – $5.0 billion**
Projected Timeline
• Submitted FERC pre-filing:
Fall 2014
• File FERC application:
Fall 2015
• Receive FERC Certificate:
Summer 2016
• In-Service:
November 2018
* Per the partnership agreement, Dominion will construct, operate and manage the pipeline
** Excludes financing costs
Dominion Operating
Coal Plants—4,778 MW
Duke Operating
Coal Plants—10,527 MW
Atlantic Coast Pipeline
Total Coal Capacity—
15,305 MW
~7,800 MW of new gas generating capacity
expected in the region*
PIPELINE WOULD YIELD MORE GAS-FIRED GENERATION,
HELP MEET EPA’S PROPOSED CARBON REDUCTIONS
State
2012 Rate
Lbs CO2/
MWh
Interim Goal
10-Yr
Average
Interim Goal
Reduction
from 2012 (%)
Final
Goal
2030-on
Final Goal
Reduction
from 2012 (%)
Virginia 1,302 884 32% 810 38%
North Carolina 1,647 1,077 35% 992 40%
* Based on construction plans and/or Integrated Resource Plans filed by utility subsidiaries of
Dominion and Duke Energy in Virginia, North Carolina and South Carolina.