Dominion Power 2014 Annual Report Download - page 21

DOMINION RESOURCES, INC.
19
DOMINION
ENERGY
Operates one of the nation’s largest natural gas
storage systems; a network of 12,400 miles of natural
gas transmission, gathering and storage pipelines;
a natural gas distribution system serving 1.3 million
customer accounts in West Virginia and Ohio; and
a liquefied natural gas terminal in Maryland. It also
includes an interest in Blue Racer Midstream, LLC,
and the Atlantic Coast Pipeline partnership.
BUSINESS LINES
• Natural gas transmission and storage
• Natural gas distribution
• Liquefied natural gas services
2014 HIGHLIGHTS
• Secured all regulatory approvals for and began constructing
the $3.4 – $3.8 billion Cove Point liquefaction project.
• Announced the $4.5 – $5 billion, 550-mile Atlantic Coast
Pipeline project, with partners Duke Energy, Piedmont Natural
Gas and AGL Resources.
• Brought online five projects that expand pipeline capacity by
1 billion cubic feet per day (Bcf/d) and storage capacity by
7.5 Bcf/d in the Appalachian Basin.
2015 OUTLOOK
• Maintain a superior safety record.
• Continue to invest in infrastructure in the Marcellus and Utica
Shale regions to meet the needs of the producer community
and the marketplace.
• Continue constructing the Cove Point liquefaction facility.
• File with the Federal Energy Regulatory Commission for
permits to construct the DTI Supply Header project and
the Atlantic Coast Pipeline.
DOMINION
GENERATION
Operates the company’s fleet of regulated power
stations serving its electric utility franchise, as well
as a small merchant power fleet supplying wholesale
markets. Together they account for approximately
24,600 megawatts of generation. Dominion Retail,
serving approximately 1.2 million customer accounts
in 12 retail-choice states, is part of this segment.
BUSINESS LINES
• Utility power production
• Merchant power production
• Retail energy marketing
2014 HIGHLIGHTS
• Completed the $53 million conversion of the 227-megawatt
Bremo Power Station to use natural gas as fuel.
• Completed the $1.1 billion, 1,342-megawatt Warren County
Power Station.
• Brought online 211 megawatts of long-term, contracted solar
generating capacity in California and Tennessee.
• Established a nuclear net capacity factor record of better
than 93 percent for the second straight year.
2015 OUTLOOK
• Maintain a superior safety record.
• Bring into service at least 200 megawatts of solar
generating capacity.
• Continue constructing the 1,358-megawatt, gas-fired
combined-cycle facility in Brunswick County, Va.,
slated for completion in 2016.
• Subject to winning a competitive bid process, file with the
Virginia State Corporation Commission for approval of a
1,600-megawatt gas-fired facility in Greensville County, Va.,
expected to enter service in December 2018.