Dominion update november 2011
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Dominion Update November 2011. Dominion: In Virginia . Headquartered in Virginia . More than 9,000 employees in the Commonwealth Annual Virginia payroll of more than $1 billion Recent Chmura study estimates Dominion generation projects produce $3.3 billion in economic

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Dominion Update November 2011

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Dominion update november 2011

Dominion UpdateNovember 2011


Dominion in virginia

Dominion: In Virginia

Headquartered in Virginia

  • More than 9,000 employees in the Commonwealth

  • Annual Virginia payroll of more than $1 billion

  • Recent Chmura study estimates Dominion generation

  • projects produce $3.3 billion in economic

  • benefits for Virginia

  • More than 73,000 Virginia shareholders

  • Total non-income tax payments

  • in Virginia in 2010: $406 million

    • One of the largest taxpayers

    • in Virginia

Mt. Storm

Possum Point

Major Generating Facilities in Virginia and West Virginia

North

Anna

Bath

Chesterfield

Bremo

Yorktown

Clover

Surry

VA City

Chesapeake

Bear Garden

Hopewell

Altavista

Southampton

Pittsylvania


Regulated generation profile virginia and north carolina

Coal

Coal and Oil

Natural Gas

Nuclear

Hydro

Oil-Gas Capacity

Biomass

Regulated Generation ProfileVirginia and North Carolina

PJM

Current ~ 19,000 MW

Mt. Storm

Future

Warren County

Remington

Possum Point

North Anna

Bath County

Gordonsville

Ladysmith

Bremo

Bear Garden

Bellemeade

Chesterfield

Altavista

Yorktown

Hopewell

Surry

VA City Hybrid Energy Center

(Under Development)

Pittsylvania

Clover

Elizabeth River

Chesapeake

Southampton

Mecklenburg

Gaston

Roanoke Rapids

Rosemary

Potential future projects are subject to VA State Corporation Commission approval

3


Upcoming energy gap

Upcoming Energy Gap

  • Virginia is the 2nd largest

  • importer of electricity

  • among the states:

  • existing capacity is well

  • below peak demand

  • “Powering Virginia”

  • strategy provides energy

  • roadmap for providing

  • Virginia's energy needs

  • New generation to meet

  • growing demands for

  • 4,500 additionalMW*

  • (1165 MW of generation newly

  • operational or under construction)

PJM Projected Demand Growth*

4,500 MW

by 2021

New generation (1,165 MW**)

* Peak demand growth: PJM long-range forecast, January 2011

** New generation (1,165 MW total):

580 MW – Bear Garden operational May 2011

585 MW – VCHEC operational summer 2012

Generating capacity (as of Jan. 1, 2011)

Expected peak demand*


Dominion update november 2011

Comparing Re-Regulation Act and

Traditional Cost of Service Provisions

13


Chmura study additional benefits of powering virginia

Chmura Study: Additional Benefits of “Powering Virginia”

  • Construction phase (2007-2015) supports total of 14,220 jobs, produces $3.3 billion in economic benefits in Virginia*

  • Beginning in 2015: total annual economic impact of ongoing operations estimated to be $291.8 million, supporting an annual average of approximately 750 jobs in Virginia

Construction Phase: Jobs by Year

*Study does not include all projects in IRP.


2011 integrated resource plan investments

2011 Integrated Resource Plan Investments

  • 2 major combined cycle natural gas facilities – in addition to Bear Garden and Warren County

    (~1900 MW combined) recently built or announced

  • New gas-powered combustion turbines (peaking units)

  • New renewable initiatives (3 biomass conversions, Halifax solar, distributed solar)

  • Expanded energy efficiency/demand reduction programs

  • Preservation of option to build NA3

  • Additional environmental control equipment being evaluated

  • Continued transmission and distribution investment


Regulated generation infrastructure investment

Regulated GenerationInfrastructure Investment

(R) - Project subject to VA State Corporation Commission rate rider approval under Virginia Re-regulation Plan. *Nuclear values based on guaranteed maximum output (winter conditions) for turbine uprates.**North Anna 3 Update: Slow development of the third reactor: continue to work on obtaining a combined operating license (COL), incorporating US-APWR, along with engineering and preliminary site development work; reassess a schedule for construction as approach issuance of the COL.

.


Irp likely unit conversions closures retrofits

IRP: Likely Unit Conversions/Closures/Retrofits

  • Coal-fired unit closures in the plan

    • Chesapeake units 1 and 2, scheduled by 2015

    • Chesapeake units 3 and 4, scheduled by 2016

    • Yorktown unit 1, scheduled by 2015

  • Coal-fired unit conversions in the plan

    • Yorktown unit 2, gas conversion scheduled by 2015

    • Bremo, 2 units, gas conversion scheduled in 2014

      (previously announced)

    • Altavista, Hopewell, Southampton, biomass

      conversion scheduled by end of 2013.

      (previously announced)

  • Additional retrofits may be needed at other units


2011 integrated resource plan projected resources

2011 Integrated Resource Plan: Projected Resources

2011 Capacity Mix

Coal

Nuclear

Natural Gas

Hydro

Oil

Renewable

2011 Energy Mix

2026 Energy Mix

(Projected)

(Projected)


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