Virginia Electric & Power 10-K 2012 FY Annual report

Exhibit 99.1

Revised

4^th Quarter 2012

Earnings Release

Kit

February 28, 2013

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Table of Contents

IMPORTANT NOTES TO INVESTORS	3
EARNINGS REPORT AND ACCOMPANYING SCHEDULES	4
EARNINGS REPORT	4
SCHEDULE 1 - SEGMENT OPERATING EARNINGS	7
SCHEDULE 2 - RECONCILIATIONOF 2012 OPERATING EARNINGSTO REPORTED EARNINGS	8
SCHEDULE 3 - RECONCILIATIONOF 2011 ORIGINAL OPERATING EARNINGSTO REPORTED EARNINGS	9
SCHEDULE 4 - RECONCILIATIONOF 2012 EARNINGSTO 2011	10
FINANCIALS	11
CONSOLIDATED FINANCIAL STATEMENTS (GAAP)	11
SEGMENT OPERATING EARNINGS RESULTS	14
OPERATING STATISTICS	20
2012 WEATHER VARIANCE	23
FINANCE & LIQUIDITY	24
SCHEDULEOF LONG-TERM DEBT	24
SCHEDULEOF DEBT MATURITIES	25
SCHEDULEOF LIQUIDITY POSITION	26
SCHEDULEOF CHANGEIN CAPITALIZATION	27
HEDGING	28
RECONCILIATION OF FORECAST AND OUTLOOK	29
RECONCILIATIONOF OPERATING EARNINGS GUIDANCE	29
GAAP RECONCILIATION	31
RECONCILIATIONOF 2012 CONSOLIDATED OPERATING EARNINGSTO REPORTED EARNINGS	31
RECONCILIATIONOF 2011 CONSOLIDATED OPERATING EARNINGSTO REPORTED EARNINGS	32
RECONCILIATIONOF 2012 CORPORATEAND OTHER OPERATING EARNINGSTO REPORTED EARNINGS	33
RECONCILIATIONOF 2011 DOMINION GENERATION EARNINGSTO REPORTED EARNINGS	34
RECONCILIATIONOF 2011 CORPORATEAND OTHER OPERATING EARNINGSTO REPORTED EARNINGS	35
RECONCILIATIONOF 2012 OPERATING EARNINGSTO REPORTED EARNINGS	36
RECONCILIATIONOF 2011 OPERATING EARNINGSTO REPORTED EARNINGS	37
RECONCILIATIONOF 1Q12AND 4Q12 OPERATING EARNINGSTO REPORTED EARNINGS	38
RECONCILIATIONOF 4Q11 OPERATING EARNINGSTO REPORTED EARNINGS	39
2013 EARNINGS EXPECTATIONS	40
APPENDIX	41
LISTOF REVISED SCHEDULES	41

February 28, 2013 2

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Important Notes to Investors

This kit contains certain forward-looking statements, including forecasted operating earnings for first-quarter and full-year 2013 which are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations may include factors that are beyond the company’s ability to control or estimate precisely, including fluctuations in energy-related commodity prices, estimates of future market conditions, additional competition in the electric industry, changes in the demand for Dominion’s services, access to and costs of capital, fluctuations in the value of our pension assets and assets held in our decommissioning trusts, asset portfolio reviews and resulting decisions to acquire, divest or retire assets, the receipt of regulatory approvals for, and timing of, planned projects, acquisitions and divestitures, and the ability to complete planned construction or expansion projects within the terms and timeframes initially anticipated. Other factors include, but are not limited to, weather conditions and other events, including the effects of hurricanes, earthquakes, high winds, major storms and changes in water temperatures on operations, the risk associated with the operation of nuclear facilities, unplanned outages of Dominion’s generation facilities, state and federal legislative and regulatory developments and changes to environmental and other laws and regulations, including those related to climate change, greenhouse gases and other emissions to which we are subject, political and economic conditions, industrial, commercial and residential growth or decline in Dominion’s service area, risks of operating businesses in regulated industries that are subject to changing regulatory structures, changes to regulated gas and electric rates collected by Dominion, changes to rating agency requirements and ratings, changing financial accounting standards, fluctuations in interest rates, changes in federal and state tax laws, employee workforce factors, including collective bargaining, counter-party credit and performance risks, adverse outcomes in litigation matters or regulatory proceedings, the risk of hostile cyber intrusions and other uncertainties. Other risk factors are detailed from time to time in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K filed with the Securities and Exchange Commission.

Certain information provided in this Release Kit includes financial measures that are not required by, or presented in accordance with generally accepted accounting principles (GAAP), including operating earnings before interest and taxes (EBIT) and operating earnings before interest, taxes, depreciation and amortization (EBITDA). These non-GAAP financial measures should not be considered as alternatives to GAAP measures, such as net income, operating income, or earnings per share, and may be calculated differently from, and therefore may not be comparable to, similarly titled measures used at other companies. Dominion has included reconciliations to the most directly comparable financial measures it is able to calculate and report in accordance with GAAP.

The consolidated financial data and statistics in this Revised 4Q12 Earnings Release Kit and its individual components reflect the financial position and operating results of Dominion and its primary operating segments through December 31, 2012. Independent auditors have not audited any of the financial and operating statements. Projections or forecasts shown in this document are based on the assumptions listed in this document and are subject to change at any time. Dominion undertakes no obligation to update any forward-looking information statement to reflect developments after the statement is made.

This Revised 4Q12 Earnings Release Kit has been prepared primarily for securities analysts and investors in the hope that it will serve as a convenient and useful reference document. The format of this release kit may change in the future as we continue to try to meet the needs of securities analysts and investors. This release kit is not intended for use in connection with any sale, offer to sell, or solicitation of any offer to buy securities.

Please continue to check our website regularly atwww.dom.com/investorsfor the most recent updates.

February 28, 2013 3

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Earnings Report and Accompanying Schedules

Earnings Report

SUMMARY OF DOMINION’S REVISED 2012 EARNINGS

As of February 28, 2013, Dominion’s reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended Dec. 31, 2012, are $302 million ($0.53 per share), compared with reported earnings of $1.41 billion ($2.45 per share) for the same period in 2011.

Operating earnings for the 12 months ended Dec. 31, 2012, amounted to $1.75 billion ($3.05 per share), compared to originally reported operating earnings of $1.75 billion ($3.05 per share) for the same period in 2011. Operating earnings are defined as reported (GAAP) earnings adjusted for certain items.

Dominion uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors. Dominion also uses operating earnings internally for budgeting, for reporting to the Board of Directors, for the company’s incentive compensation plans and for its targeted dividend payouts and other purposes. Dominion management believes operating earnings provide a more meaningful representation of the company’s fundamental earnings power.

The principal difference between GAAP earnings and operating earnings for fourth-quarter 2012 was an impairment charge of $1.01 billion related to fossil fuel-fired generating stations, which are in the process of being sold.

Business segment results and detailed descriptions of items included in 2012 and 2011 reported earnings but excluded from operating earnings can be found on Schedules 1, 2 and 3 of this release kit.

Full-year 2012 operating earnings compared to 2011

Full-year 2012 operating earnings per share were the same as compared to originally reported full-year 2011 operating earnings per share. Positive factors for the year were higher contributions from unregulated retail energy marketing operations, lower operations and maintenance expenses, benefit from our contribution of assets to the Blue Racer Midstream joint venture, lower interest expenses and a lower effective tax rate. Negative factors for the year were milder-than-normal weather in our regulated electric service territory, lower merchant generation margins and lower contributions from producer services.

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Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Fourth-quarter 2012 operating earnings compared to 2011

The increase in fourth-quarter 2012 operating earnings per share as compared to originally reported fourth-quarter 2011 operating earnings per share is primarily attributable to lower operations and maintenance expenses and benefit from our contribution of assets to the Blue Racer Midstream joint venture. Negative factors for the quarter were lower contributions from unregulated retail energy marketing operations and an extended outage at Millstone Unit 2.

Details of fourth-quarter 2012 operating earnings as compared to 2011 can be found on Schedule 4 of this release kit.

First-quarter 2013 and full-year 2013 operating earnings guidance

Dominion expects first-quarter 2013 operating earnings in the range of 80 cents per share to 95 cents per share as compared to first-quarter 2012 operating earnings of 85 cents per share. Positive factors for the first-quarter of 2013 compared to the same period of the prior year include an expected return to normal weather in our electric service territory, higher rate adjustment clause revenues and anticipated growth in our electric service territory as well as higher revenues related to our gas transmission growth projects. Negative factors for the quarter include higher operations and maintenance expenses and a higher effective tax rate. GAAP earnings for the first quarter of 2012 were 86 cents per share. A reconciliation between operating and GAAP earnings for the first quarter of 2012 can be found on Schedule 2 of this release kit.

Amounts for 2011 have been recast to reflect results for State Line and Salem Harbor generating stations as discontinued operations. However, Dominion uses originally reported 2011 amounts prior to recast to calculate operating earnings growth targets as well as for comparison to 2012 and 2013 operating earnings and statistics.

In providing its first-quarter and full-year 2013 operating earnings guidance, the company notes that there could be differences between expected reported earnings and estimated operating earnings for matters such as, but not limited to, divestitures or changes in accounting principles. At this time, Dominion management is not able to estimate the aggregate impact, if any, of these items on reported earnings, other than those as set forth on Schedule 2 – Reconciliation of 2012 Operating Earnings to Reported Earnings on page 8 of the Revised 4Q12 Earnings Release Kit. Accordingly, the company is not able to provide a corresponding GAAP equivalent for its operating earnings guidance.

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Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 27,500 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,300 miles of electric transmission lines. Dominion operates the nation’s largest natural gas storage system with 947 billion cubic feet of storage capacity and serves retail energy customers in 15 states. For more information about Dominion, visit the company’s website atwww.dom.com.

This release contains certain forward-looking statements, including forecasted operating earnings for first-quarter and full-year 2013 which are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations may include factors that are beyond the company’s ability to control or estimate precisely, including fluctuations in energy-related commodity prices, estimates of future market conditions, additional competition in the electric industry, changes in the demand for Dominion’s services, access to and costs of capital, fluctuations in the value of our pension assets and assets held in our decommissioning trusts, asset portfolio reviews and resulting decisions to acquire, divest or retire assets, the receipt of regulatory approvals for, and timing of, planned projects, acquisitions and divestitures, and the ability to complete planned construction or expansion projects within the terms and timeframes initially anticipated. Other factors include, but are not limited to, weather conditions and other events, including the effects of hurricanes, earthquakes, high winds, major storms and changes in water temperatures on operations, the risk associated with the operation of nuclear facilities, unplanned outages of Dominion’s generation facilities, state and federal legislative and regulatory developments and changes to environmental and other laws and regulations, including those related to climate change, greenhouse gases and other emissions to which we are subject, political and economic conditions, industrial, commercial and residential growth or decline in Dominion’s service area, risks of operating businesses in regulated industries that are subject to changing regulatory structures, changes to regulated gas and electric rates collected by Dominion, changes to rating agency requirements and ratings, changing financial accounting standards, fluctuations in interest rates, changes in federal and state tax laws, employee workforce factors, including collective bargaining, counter-party credit and performance risks, adverse outcomes in litigation matters or regulatory proceedings, the risk of hostile cyber intrusions and other uncertainties. Other risk factors are detailed from time to time in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K filed with the Securities and Exchange Commission.

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Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Schedule 1 – Segment Operating Earnings

Preliminary, Unaudited

(millions, except earnings per share)	Three months ended December 31,
	2012			2011*			Change
Earnings:
Dominion Virginia Power	$	131		$	112		$	19
Dominion Energy		189			153			36
Dominion Generation		137			117			20
Corporate and Other		(57	)		(48	)		(9	)
OPERATING EARNINGS	$	400		$	334		$	66
Items excluded from operating earnings2,3		(1,059	)		(133	)		(926	)
REPORTED EARNINGS1	$	(659	)	$	201		$	(860	)
Common Shares Outstanding (average, diluted)		575.0			571.2
Earnings Per Share (EPS):
Dominion Virginia Power	$	0.23		$	0.20		$	0.03
Dominion Energy		0.33			0.27			0.06
Dominion Generation		0.23			0.20			0.03
Corporate and Other		(0.10	)		(0.09	)		(0.01	)
OPERATING EARNINGS	$	0.69		$	0.58		$	0.11
Items excluded from operating earnings2		(1.84	)		(0.23	)		(1.61	)
REPORTED EARNINGS1	$	(1.15	)	$	0.35		$	(1.50	)

(millions, except earnings per share)	Twelve months ended December 31,
	2012			2011*			Change
Earnings:
Dominion Virginia Power	$	559		$	501		$	58
Dominion Energy		551			521			30
Dominion Generation		874			1,003			(129	)
Corporate and Other		(235	)		(271	)		36
OPERATING EARNINGS	$	1,749		$	1,754		$	(5	)
Items excluded from operating earnings2,4		(1,447	)		(346	)		(1,101	)
REPORTED EARNINGS1	$	302		$	1,408		$	(1,106	)
Common Shares Outstanding (average, diluted)		573.9			574.6
Earnings Per Share (EPS):
Dominion Virginia Power	$	0.98		$	0.87		$	0.11
Dominion Energy		0.96			0.91			0.05
Dominion Generation		1.52			1.74			(0.22	)
Corporate and Other		(0.41	)		(0.47	)		0.06
OPERATING EARNINGS	$	3.05		$	3.05		$	(0.00	)
Items excluded from operating earnings2		(2.52	)		(0.60	)		(1.92	)
REPORTED EARNINGS1	$	0.53		$	2.45		$	(1.92	)

1) Determined in accordance with Generally Accepted Accounting Principles (GAAP).

2) Items excluded from operating earnings are reported in Corporate and Other segment. Refer to Schedules 2 and 3 for details, or find “GAAP Reconciliation” on Dominion’s website at www.dom.com/investors.

3) Pre-tax amounts for the current period and the prior period are ($1.687) billion and ($255) million, respectively.

4) Pre-tax amounts for the current period and the prior period are ($2.283) billion and ($605) million, respectively.

* Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

February 28, 2013 7

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Schedule 2 – Reconciliation of 2012 Operating Earnings to Reported Earnings

2012 Earnings (Twelve months ended December 31, 2012)

The net effects of the following items, all shown on an after-tax basis, are included in 2012 reported earnings, but are excluded from operating earnings:

• $1.1 billion net loss, including an impairment charge, associated with certain fossil fuel-fired merchant power stations which Dominion decided to market for sale in the third quarter of 2012.

• $303 million net loss, including impairment charges, primarily resulting from the planned shutdown of our Kewaunee nuclear merchant power station.

• $53 million of restoration costs associated with severe storms affecting our Dominion Virginia Power and Dominion North Carolina Power service territories.

• $22 million net loss from discontinued operations of two merchant power stations (State Line and Salem Harbor) which were sold in 2012.

• $5 million net benefit related to other items.

(millions, except per share amounts)	1Q12		2Q12			3Q12			4Q12			YTD 2012 2
Operating earnings	$	486	$	337		$	526		$	400		$	1,749
Items excluded from operating earnings (after-tax):
Fossil fuel-fired merchant power stations							(45	)		(1,029	)		(1,074	)
Kewaunee power station		2		(18	)		(281	)		(6	)		(303	)
Severe storms				(45	)		3			(11	)		(53	)
Discontinued operations - State Line & Salem Harbor		1		(18	)		(5	)					(22	)
Other items		5		2			11			(13	)		5
Total items excluded from operating earnings (after-tax)1		8		(79	)		(317	)		(1,059	)		(1,447	)
Reported net income	$	494	$	258		$	209		($	659	)	$	302
Common shares outstanding (average, diluted)		571.9		573.1			574.7			575.0			573.9
Operating earnings per share	$	0.85	$	0.59		$	0.92		$	0.69		$	3.05
Items excluded from operating earnings (after-tax)		0.01		(0.14	)		(0.56	)		(1.84	)		(2.52	)
Reported earnings per share	$	0.86	$	0.45		$	0.36		($	1.15	)	$	0.53

1) Pre-tax amounts for items excluded from operating earnings are reflected in the following table:

	1Q12		2Q12			3Q12			4Q12			YTD 2012
Items excluded from operating earnings:
Fossil fuel-fired merchant power stations							(34	)		(1,670	)		(1,704	)
Kewaunee power station		3		(26	)		(435	)		(9	)		(467	)
Severe storms				(74	)		5			(18	)		(87	)
Discontinued operations - State Line & Salem Harbor		2		(32	)		(19	)					(49	)
Other items		8		3			3			10			24
Total items excluded from operating earnings	$	13	($	129	)	($	480	)	($	1,687	)	($	2,283	)

2) YTD 2012 EPS may not equal sum of quarters due to share count differences.

February 28, 2013 8

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Schedule 3 – Reconciliation of 2011 Original Operating Earnings to Reported Earnings

2011 Earnings (Twelve months ended December 31, 2011)³

The net effects of the following items, all shown on an after-tax basis, are included in 2011 reported earnings, but are excluded from operating earnings:

• $178 million of impairment charges related to certain utility ($139 million) and merchant ($39 million) coal-fired power stations.

• $59 million of restoration costs associated with Hurricane Irene.

• $39 million net loss from operations at our Kewaunee nuclear merchant power station.

• $34 million impairment of excess emission allowances resulting from a new EPA air pollution rule.

• $21 million of severance costs and other charges related to our State Line and Salem Harbor merchant power stations.

• $19 million net charge in connection with the Virginia Commission’s final ruling associated with its biennial review of Virginia Power’s base rates for 2009-2010 test years.

• $13 million of earthquake related costs, largely related to inspections following the safe shutdown of reactors at our North Anna nuclear power station.

• $14 million benefit related to litigation with the Department of Energy for spent nuclear fuel-related costs at Millstone nuclear power station.

• $3 million net benefit related to other items.

(millions, except per share amounts)	1Q11			2Q11			3Q11			4Q11			YTD 2011 2
Operating earnings	$	541		$	338		$	541		$	334		$	1,754
Items excluded from operating earnings (after-tax):
Impairment of generation assets		(39	)								(139	)		(178	)
Hurricane Irene costs								(74	)		15			(59	)
Kewaunee operations		(19	)		(1	)		(12	)		(7	)		(39	)
Emission allowances impairments								(34	)					(34	)
Charges related to State Line & Salem Harbor operations					(11	)		(10	)					(21	)
Impact of Virginia Power biennial review order											(19	)		(19	)
Earthquake costs								(13	)					(13	)
Recoverable spent nuclear fuel-related costs					14									14
Other items		(4	)		(4	)		(6	)		17			3
Total items excluded from operating earnings (after-tax)1		(62	)		(2	)		(149	)		(133	)		(346	)
Reported net income	$	479		$	336		$	392		$	201		$	1,408
Common shares outstanding (average, diluted)		580.5			575.2			571.2			571.2			574.6
Operating earnings per share	$	0.93		$	0.59		$	0.95		$	0.58		$	3.05
Items excluded from operating earnings (after-tax)		(0.11	)		(0.01	)		(0.26	)		(0.23	)		(0.60	)
Reported earnings per share	$	0.82		$	0.58		$	0.69		$	0.35		$	2.45

¹⁾  Pre-tax amounts for items excluded from operating earnings are reflected in the following table:

	1Q11			2Q11			3Q11			4Q11			YTD 2011
Items excluded from operating earnings:
Impairment of generation assets		(55	)								(228	)		(283	)
Hurricane Irene costs								(121	)		25			(96	)
Kewaunee operations		(32	)		(5	)		(19	)		(10	)		(66	)
Emission allowances impairments								(57	)					(57	)
Charges related to State Line & Salem Harbor operations					(17	)		(16	)					(33	)
Impact of Virginia Power biennial review order											(31	)		(31	)
Earthquake costs								(21	)					(21	)
Recoverable spent nuclear fuel-related costs					24									24
Other items		6			(8	)		(29	)		(11	)		(42	)
Total items excluded from operating earnings	($	81	)	($	6	)	($	263	)	($	255	)	($	605	)

²⁾  YTD 2011 EPS may not equal sum of quarters due to share count differences.

³⁾  Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

February 28, 2013 9

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Schedule 4 – Reconciliation of 2012 Earnings to 2011

Preliminary, unaudited	Three Months Ended						Twelve Months Ended
(millions, except EPS)	December 31,						December 31,
	2012 vs. 20111						2012 vs. 20111
	Increase / (Decrease)						Increase / (Decrease)
Reconciling Items	Amount			EPS			Amount			EPS
Dominion Virginia Power
Regulated electric sales:
Weather	$	5		$	0.01		($	34	)	($	0.06	)
Other		9			0.01			28			0.05
FERC Transmission equity return		4			0.01			19			0.04
Retail energy marketing operations		(10	)		(0.02	)		35			0.06
Storm damage and service restoration		1			0.00			14			0.03
Other		10			0.02			(4	)		(0.01	)
Change in contribution to operating earnings	$	19		$	0.03		$	58		$	0.11
Dominion Energy
Gas Distribution weather	$	1		$	0.00		($	5	)	($	0.01	)
Gas Transmission margin		14			0.02			8			0.01
Producer Services margin		(5	)		(0.01	)		(13	)		(0.02	)
Blue Racer Midstream JV		43			0.08			43			0.08
Other		(17	)		(0.03	)		(3	)		(0.01	)
Change in contribution to operating earnings	$	36		$	0.06		$	30		$	0.05
Dominion Generation
Regulated electric sales:
Weather	$	10		$	0.02		($	78	)	($	0.14	)
Other		11			0.02			46			0.08
Merchant generation margin		(13	)		(0.02	)		(109	)		(0.19	)
Brayton Point, Kincaid and Elwood 2011 earnings		16			0.02			7			0.01
State Line and Salem Harbor 2011 earnings		(2	)		0.00			(35	)		(0.06	)
Rate adjustment clause equity return		10			0.02			17			0.03
PJM ancillary services		1			0.00			(27	)		(0.05	)
Net capacity expenses		2			0.00			19			0.04
Outage costs		(13	)		(0.02	)		8			0.01
Other		(2	)		(0.01	)		23			0.05
Change in contribution to operating earnings	$	20		$	0.03		($	129	)	($	0.22	)
Corporate and Other
Change in contribution to operating earnings	($	9	)	($	0.01	)	$	36		$	0.06
Change in consolidated operating earnings	$	66		$	0.11		($	5	)	$	0.00
Change in items excluded from operating earnings2	($	926	)	($	1.61	)	($	1,101	)	($	1.92	)
Change in reported earnings (GAAP)	($	860	)	($	1.50	)	($	1,106	)	($	1.92	)

¹⁾ Reflects 2011 amounts prior to recast of operating results of State Line and Salem Harbor generating stations as discontinued operations.

²⁾ Refer to Schedules 2 and 3 for details of items excluded from operating earnings, or find “GAAP Reconciliation” on Dominion’s website at www.dom.com/investors.

February 28, 2013 10

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Financials

Consolidated Financial Statements (GAAP)

Dominion Resources, Inc.

Consolidated Statements of Income *

Unaudited (GAAP Based)

	Three Months Ended					Years Ended
	December 31,					December 31,
	2012			20111		2012			20111
	(millions, except per share amounts)
Operating Revenue	$	3,167		$	3,129	$	13,093		$	14,145
Operating Expenses
Electric fuel and other energy-related purchases		855			902		3,748			4,097
Purchased electric capacity		90			110		387			454
Purchased gas		359			422		1,177			1,764
Other operations and maintenance		2,319			935		4,868			3,322
Depreciation, depletion and amortization		304			283		1,186			1,066
Other taxes		132			137		571			548
Total operating expenses		4,059			2,789		11,937			11,251
Income from operations		(892	)		340	��	1,156			2,894
Other income		49			66		223			178
Interest and related charges		215			176		882			867
Income from continuing operations including noncontrolling interests before income taxes		(1,058	)		230		497			2,205
Income tax expense		(406	)		24		146			754
Income from continuing operations including noncontrolling interests		(652	)		206		351			1,451
Loss from discontinued operations (net of tax)		—			1		(22	)		(25	)
Net Income including noncontrolling interests	$	(652	)	$	207	$	329		$	1,426
Noncontrolling interests		7			6		27			18
Net Income attributable to Dominion	$	(659	)	$	201	$	302		$	1,408
Reported earnings per common share - diluted	$	(1.15	)	$	0.35	$	0.53		$	2.45
Average shares outstanding, diluted		575.0			571.2		573.9			574.6

* The notes contained in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.

1) Consolidated Statements of Income for the three months ended and year ended December 31, 2011 have been recast to reflect Salem Harbor and State Line as discontinued operations.

February 28, 2013 11

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Dominion Resouces, Inc.

Consolidated Balance Sheets *

Unaudited & Summarized

($ in Millions)

	At December 31,
	2012		2011
Assets
Current Assets	$	5,140	$	5,430
Investments		4,191		3,985
Property, Plant and Equipment, Net		30,773		29,670
Deferred Charges and Other Assets		6,734		6,529
Total Assets	$	46,838	$	45,614
Liabilities and Equity
Securities due within one year	$	1,363	$	1,479
Securities due within one year, VIE		860		—
Short-term debt		2,412		1,814
Other current liabilities		3,128		3,669
Total Current Liabilities		7,763		6,962
Long-Term Debt		16,851		17,394
Deferred Credits and Other Liabilities		11,342		9,498
Total Liabilities		35,956		33,854
Subsidiary Preferred Stock Not Subject To Mandatory Redemption		257		257
Common Shareholders’ Equity		10,568		11,446
Noncontrolling Interest		57		57
Total Equity		10,625		11,503
Total Liabilities and Equity	$	46,838	$	45,614

* The notes contained in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.

February 28, 2013 12

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Dominion Resources, Inc.

Consolidated Statements of Cash Flows *

Unaudited & Summarized

($ in Millions)

	Year Ended December 31,
	2012			2011
Operating Activities
Net Income including noncontrolling interests	$	329		$	1,426
Adjustments to reconcile net income to net cash provided by operating activities
Impairment of generation assets		2,089			283
Depreciation, depletion and amortization (including nuclear fuel)		1,443			1,288
Deferred income taxes and investment tax credits, net		246			756
Other adjustments		(396	)		(204	)
Changes in:
Accounts receivable		292			365
Inventories		33			(185	)
Deferred fuel and purchased gas costs, net		368			(3	)
Prepayments		(85	)
Accounts payable		(61	)		(413	)
Accrued interest, payroll and taxes		(12	)		(216	)
Other operating assets and liabilities		(109	)		(114	)
Net cash provided by operating activities		4,137			2,983
Investing Activities
Plant construction and other property additions		(4,145	)		(3,652	)
Restricted cash equivalents		108			259
Other		197			72
Net cash used in investing activities		(3,840	)		(3,321	)
Financing Activities
Issuance of short-term debt, net		598			429
Issuance of short-term notes		400
Issuance and remarketing of long-term debt		1,500			2,320
Repayment and repurchase of long-term debt		(1,675	)		(637	)
Issuance of common stock		265			38
Repurchase of common stock		—			(601	)
Common dividend payments		(1,209	)		(1,129	)
Other		(30	)		(42	)
Net cash provided by (used in) financing activities		(151	)		378
Increase in cash and cash equivalents		146			40
Cash and cash equivalents at beginning of period		102			62
Cash and cash equivalents at end of period	$	248		$	102

* The notes contained in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.

February 28, 2013 13

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Segment Operating Earnings Results

Dominion Consolidated3	Three Months Ended						Year Ended
Unaudited Summary of Operating results	December 31,						December 31,
($mm except per share amounts)	2012			20111			2012			20111
Operating Revenue	$	3,050		$	3,216		$	12,762		$	14,314
Operating Expenses
Electric fuel and other energy-related purchases		823			915			3,650			4,152
Purchased electric capacity		90			110			387			454
Purchased gas		359			403			1,177			1,745
Other operations and maintenance		578			717			2,446			2,849
Depreciation, depletion and amortization		288			282			1,148			1,068
Other taxes		126			137			551			545
Total operating expenses		2,264			2,564			9,359			10,813
Income from operations		786			652			3,403			3,501
Other income		37			56			159			176
Income including noncontrolling interests before interest and income taxes		823			708			3,562			3,677
Interest and related charges		194			223			832			901
Income including noncontrolling interests before income taxes		629			485			2,730			2,776
Income taxes		222			145			954			1,004
Income including noncontrolling interests		407			340			1,776			1,772
Noncontrolling interests		7			6			27			18
Operating Earnings	$	400		$	334		$	1,749		$	1,754
Operating Earnings Per Share	$	0.69		$	0.58		$	3.05		$	3.05
Items excluded from operating earnings (net of taxes)2		(1,059	)		(133	)		(1,447	)		(346	)
Reported Earnings	$	(659	)	$	201		$	302		$	1,408
Reported Earnings Per Common Share - Diluted		(1.15	)	$	0.35		$	0.53		$	2.45
Average shares outstanding, diluted		575.0			571.2			573.9			574.6

¹⁾ Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

²⁾ For additional detail on items excluded from operating earnings see the GAAP Reconciliation schedules on pages 31-35.

³⁾ Dominion Consolidated Income Statement reflects the impact of segment eliminations and adjustments.

February 28, 2013 14

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Dominion Virginia Power	Three Months Ended				Year Ended
Unaudited Summary of Operating results	December 31,				December 31,
($mm except per share amounts)	2012		2011		2012		2011
Operating Revenue	$	843	$	901	$	3,497	$	3,836
Operating Expenses
Electric fuel and other energy-related purchases		197		216		865		1,069
Purchased electric capacity		—		10		16		46
Purchased gas		147		166		456		648
Other operations and maintenance		124		163		576		620
Depreciation, depletion and amortization		102		96		402		374
Other taxes		33		33		144		142
Total operating expenses		603		684		2,459		2,899
Income from operations		240		217		1,038		937
Other income		17		15		67		75
Income including noncontrolling interests before interest and income taxes		257		232		1,105		1,012
Interest and related charges		42		44		187		185
Income including noncontrolling interests before income taxes		215		188		918		827
Income taxes		82		74		351		318
Income including noncontrolling interests		133		114		567		509
Noncontrolling interests		2		2		8		8
Operating Earnings Contribution	$	131	$	112	$	559	$	501
Operating Earnings Per Share Contribution	$	0.23	$	0.20	$	0.98	$	0.87
Average shares outstanding, diluted		575.0		571.2		573.9		574.6

February 28, 2013 15

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Dominion Energy	Three Months Ended				Year Ended
Unaudited Summary of Operating results	December 31,				December 31,
($mm except per share amounts)	2012		2011		2012		2011
Operating Revenue	$	764	$	775	$	2,743	$	3,121
Operating Expenses
Electric fuel and other energy-related purchases		17		6		42		18
Purchased electric capacity		—		—		—		—
Purchased gas		246		271		927		1,176
Other operations and maintenance		85		155		501		703
Depreciation, depletion and amortization		55		57		216		207
Other taxes		46		48		172		177
Total operating expenses		449		537		1,858		2,281
Income from operations		315		238		885		840
Other income		15		20		65		61
Income including noncontrolling interests before interest and income taxes		330		258		950		901
Interest and related charges		12		14		47		57
Income including noncontrolling interests before income taxes		318		244		903		844
Income taxes		129		91		352		323
Income including noncontrolling interests		189		153		551		521
Noncontrolling interests		—		—		—		—
Operating Earnings Contribution	$	189	$	153	$	551	$	521
Operating Earnings Per Share Contribution	$	0.33	$	0.27	$	0.96	$	0.91
Average shares outstanding, diluted		575.0		571.2		573.9		574.6

February 28, 2013 16

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Dominion Generation	Three Months Ended				Year Ended
Unaudited Summary of Operating results	December 31,				December 31,
($mm except per share amounts)	2012		20111		2012		20111
Operating Revenue	$	1,505	$	1,634	$	6,850	$	7,670
Operating Expenses
Electric fuel and other energy-related purchases		631		731		2,840		3,210
Purchased electric capacity		90		100		371		408
Purchased gas		—		—		—		—
Other operations and maintenance		375		420		1,398		1,617
Depreciation, depletion and amortization		123		122		500		459
Other taxes		47		55		214		204
Total operating expenses		1,266		1,428		5,323		5,898
Income from operations		239		206		1,527		1,772
Other income		18		24		53		61
Income including noncontrolling interests before interest and income taxes		257		230		1,580		1,833
Interest and related charges		39		56		208		219
Income including noncontrolling interests before income taxes		218		174		1,372		1,614
Income taxes		76		53		479		601
Income including noncontrolling interests		142		121		893		1,013
Noncontrolling interests		5		4		19		10
Operating Earnings Contribution	$	137	$	117	$	874	$	1,003
Operating Earnings Per Share Contribution	$	0.23	$	0.20	$	1.52	$	1.74
Average shares outstanding, diluted		575.0		571.2		573.9		574.6

¹⁾ Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

February 28, 2013 17

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Corporate and Other	Three Months Ended						Year Ended
Unaudited Summary of Operating Results	December 31,						December 31,
($mm except per share amounts)	2012			20111			2012			20111
Operating Revenue	$	148		$	149		$	584		$	585
Operating Expenses
Electric fuel and other energy-related purchases		—			—			—			—
Purchased electric capacity		—			—			—			—
Purchased gas		1			1			3			5
Other operations and maintenance		147			149			577			578
Depreciation, depletion and amortization		8			7			30			28
Other taxes		—			1			21			22
Total operating expenses		156			158			631			633
Income (loss) from operations		(8	)		(9	)		(47	)		(48	)
Other income		13			25			80			85
Income including noncontrolling interests before interest and income taxes		5			16			33			37
Interest and related charges		127			137			496			546
Income including noncontrolling interests before income taxes		(122	)		(121	)		(463	)		(509	)
Income taxes		(65	)		(73	)		(228	)		(238	)
Income including noncontrolling interests		(57	)		(48	)		(235	)		(271	)
Noncontrolling interests		—			—			—			—
Operating Earnings (Loss) Contribution	$	(57	)	$	(48	)	$	(235	)	$	(271	)
Operating Earnings (Loss) Per Share Contribution	$	(0.10	)	$	(0.09	)	$	(0.41	)	$	(0.47	)
Items excluded from operating earnings (net of taxes)2		(1,059	)		(133	)		(1,447	)		(346	)
Reported Earnings	$	(1,116	)	$	(181	)	$	(1,682	)	$	(617	)
Reported Earnings Per Common Share - Diluted	$	(1.94	)	$	(0.32	)	$	(2.93	)	$	(1.07	)
Average shares outstanding, diluted		575.0			571.2			573.9			574.6

¹⁾ Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

²⁾ For additional detail on items excluded from operating earnings see the GAAP Reconciliation schedules on pages 31-35.

February 28, 2013 18

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Dominion

Unaudited Operating Revenue Detail (GAAP Based)

(millions)

		Three Months Ended					Year Ended
		December 31,					December 31,
		2012		20111			2012		20111
Dominion Consolidated
Operating Revenue
Electric sales:	Regulated	$	1,607	$	1,520		$	7,102	$	7,114
	Nonregulated		620		635			2,742		3,100
Gas sales:	Regulated		84		79			250		287
	Nonregulated		331		415			1,071		1,635
Gas transportation and storage			394		355			1,401		1,506
Other			131		125			527		503
Total operating revenue		$	3,167	$	3,129		$	13,093	$	14,145
Dominion Virginia Power
Operating Revenue
Electric sales:	Regulated	$	420	$	411		$	1,783	$	1,730
	Nonregulated		227		259			1,054		1,210
Gas sales:	Regulated		—		—			—		—
	Nonregulated		169		187			534		719
Gas transportation and storage			—		1			4		4
Other			27		43			122		173
Total operating revenue		$	843	$	901		$	3,497	$	3,836
Dominion Energy
Operating Revenue
Gas sales:	Regulated		84		79			250		287
	Nonregulated		186		250			703		957
Gas transportation and storage			399		358			1,420		1,525
Other			95		88			370		352
Total operating revenue		$	764	$	775		$	2,743	$	3,121
Dominion Generation
Operating Revenue
Electric sales:	Regulated	$	1,187	$	1,191		$	5,319	$	5,478
	Nonregulated		304		379			1,472		1,891
Other			14		16			59		66
Total operating revenue		$	1,505	$	1,586		$	6,850	$	7,435
Corporate and Other
Operating Revenue
Electric sales:	Regulated	$	—	$	(82	)	$	—	$	(94	)
	Nonregulated		115		39			327		154
Gas sales:	Regulated		—		—			—		—
	Nonregulated		1		5			4		8
Gas transportation and storage			—		—			—		—
Other			149		148			584		583
Total operating revenue		$	265	$	110		$	915	$	651

¹⁾ Amounts have been recast to reflect the results of State Line and Salem Harbor generating stations as discontinued operations.

February 28, 2013 19

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DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Operating Statistics

	Three Months Ended December 31,					Twelve Months Ended December 31,
	2012		2011			2012		2011
Dominion Consolidated
Regulated Electric Sales Revenue ($mm)
Residential	$	707	$	685		$	3,212	$	3,251
Commercial		516		531			2,284		2,273
Industrial		109		115			481		474
Governmental		185		189			760		811
Regulated retail revenue		1,517		1,521			6,737		6,809
Wholesale - sales for resale		46		46			191		204
Other revenue		44		(47	)		174		101
Total	$	1,607	$	1,520		$	7,102	$	7,114
Dominion Virginia Power
Degree Days (Electric service area)
Cooling
Actual		53		30			1,787		1,899
Normal		43		46			1,587		1,557
Heating
Actual		1,248		1,052			2,955		3,354
Normal		1,306		1,318			3,622		3,619
Electric Delivery Customers (at period end)
Residential		2,197,763		2,178,321			2,197,763		2,178,321
Commercial		235,579		234,190			235,579		234,190
Industrial		502		528			502		528
Governmental		32,425		32,317			32,425		32,317
Total Retail		2,466,269		2,445,356			2,466,269		2,445,356
Wholesale - sales for resale		5		5			5		5
Total		2,466,274		2,445,361			2,466,274		2,445,361
Electricity Delivered (GWh)
Residential		6,802		6,394			29,174		30,769
Commercial		6,865		6,633			28,927		28,949
Industrial		1,875		1,860			7,849		7,960
Governmental		2,570		2,555			10,774		10,823
Total Retail		18,112		17,443			76,724		78,500
Wholesale - sales for resale		990		933			4,029		3,814
Total		19,102		18,375			80,753		82,315
Dominion Retail
Unregulated Energy Customer Accounts (Average)
Natural Gas		550,247		549,145			552,079		558,194
Electric		695,149		737,379			699,567		764,753
Products and Services		885,304		863,421			876,978		828,816
Total		2,130,700		2,149,944			2,128,624		2,151,763
Volumes Sold
Natural Gas (mmcf)		25,887		23,794			87,587		95,719
Electricity (MWh)		3,345,650		2,197,561			13,889,548		12,995,215

Note: Figures may not add due to rounding

February 28, 2013 20

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2012		2011		2012		2011
Dominion Energy
Gas Distribution
Regulated Gas Revenue ($mm)
Gas sales revenue
Residential	$	63	$	66	$	194	$	246
Commercial		11		11		35		36
Industrial		1		1		3		2
Other		2		1		3		3
Total	$	77	$	79	$	235	$	287
Regulated Gas Transportation and Storage Revenue ($mm)
Gas transportation revenue
Residential	$	96	$	89	$	358	$	413
Commercial		34		31		117		155
Industrial		15		14		56		58
Other		—		1		2		3
Total transportation revenue		145		134		533		629
Storage revenue		4		4		16		15
Total	$	149	$	139	$	549	$	644
Degree Days
Heating
Actual		1,956		1,740		4,986		5,584
Normal		2,005		2,069		5,713		5,888
LDC Natural Gas Customers (Average)
Gas sales customers
Residential		242,634		253,184		239,946		245,698
Commercial		11,459		11,361		10,803		10,672
Industrial		31		30		30		27
Other		25		25		25		25
Total		254,149		264,600		250,804		256,422
Gas transportation customers
Residential		956,866		946,069		962,432		957,845
Commercial		79,954		79,540		80,475		80,613
Industrial		1,610		1,549		1,569		1,563
Total		1,038,430		1,027,158		1,044,476		1,040,021
Total LDC natural gas customers
Residential		1,199,500		1,199,253		1,202,378		1,203,543
Commercial		91,413		90,901		91,278		91,285
Industrial		1,641		1,579		1,599		1,590
Other		25		25		25		25
Total		1,292,579		1,291,758		1,295,280		1,296,443
LDC Natural Gas Delivery (mmcf)
Gas sales volume
Residential		7,369		7,327		21,621		25,377
Commercial		1,293		1,207		3,782		4,016
Industrial		128		109		444		374
Other		253		92		427		424
Total		9,044		8,735		26,273		30,191
Gas transportation volume
Residential		26,793		23,875		81,925		90,028
Commercial		15,001		13,655		47,697		52,849
Industrial		30,352		25,355		123,330		103,067
Other		1,503		2,000		5,632		7,098
Total		73,648		64,885		258,586		253,042
Total LDC natural gas throughput
Residential		34,162		31,202		103,546		115,405
Commercial		16,294		14,862		51,479		56,865
Industrial		30,480		25,464		123,774		103,441
Other		1,756		2,092		6,059		7,522
Total		82,692		73,620		284,859		283,233

Note: Figures may not add due to rounding

February 28, 2013 21

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2012		2011		2012		2011
Dominion Energy
Gas Transmission
Natural Gas Liquids sales (million gallons)		44.7		48.2		182.4		176.2
Average Realized NGL Price with Hedging ($/gal)	$	1.33	$	1.49	$	1.34	$	1.46
Gas Shrinkage Cost ($mm)	$	16.2	$	18.8	$	60.1	$	73.0
Dominion Generation
Regulated Generation
Electricity Sold (GWh) to VP/NCP customers
Residential		6,802		6,394		29,174		30,769
Commercial		6,865		6,633		28,927		28,949
Industrial		1,875		1,860		7,849		7,960
Governmental		2,570		2,555		10,774		10,823
Total Retail		18,112		17,443		76,724		78,500
Wholesale - sales for resale		990		933		4,029		3,814
Total		19,102		18,375		80,753		82,315
Merchant Generation
Total Electric Sales (GWh)
NEPOOL Merchant Fleet1		3,928		4,031		18,925		17,710
PJM Merchant Fleet2		1,990		1,761		8,241		7,216

¹⁾ Comprised of Millstone and Manchester generating stations.

²⁾ Comprised of Fairless generating station.

Note: Figures may not add due to rounding

February 28, 2013 22

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

2012 Weather Variance

Dominion - Effect of weather compared to normal¹

Pre-tax Impact ($millions)
Description	1Q12			2Q12			3Q12			4Q12			FY2012
Gas Distribution2	($	8.3	)	($	1.3	)	$	0.7		($	0.6	)	($	9.5	)
Electric Distribution3		(30.3	)		(15.2	)		(2.0	)		(17.5	)		(65.0	)
Electric Transmission3		(0.3	)		(0.3	)		0.2			(0.2	)		(0.6	)
Utility Generation (VaP)4		(61.0	)		(33.3	)		(5.2	)		(35.1	)		(134.6	)
Earnings Impact (pre-tax)	($	99.9	)	($	50.1	)	($	6.3	)	($	53.3	)	($	209.7	)
After-tax Impact ($millions)
Description	1Q12			2Q12			3Q12			4Q12			FY2012
Gas Distribution2	($	5.4	)	($	0.9	)	$	0.5		($	0.3	)	($	6.1	)
Electric Distribution3		(18.5	)		(9.3	)		(1.2	)		(10.7	)		(39.7	)
Electric Transmission3		(0.2	)		(0.2	)		0.1			(0.1	)		(0.4	)
Utility Generation (VaP)4		(37.2	)		(20.3	)		(3.2	)		(21.4	)		(82.1	)
Earnings Impact (after-tax)	($	61.3	)	($	30.7	)	($	3.8	)	($	32.5	)	($	128.3	)
Dominion - Effect of weather compared to prior period1
Pre-tax Impact ($millions)
Description	1Q’12 v. ‘11			2Q’12 v. ‘11			3Q’12 v. ‘11			4Q’12 v. ‘11			FY ‘12 v. ‘11
Gas Distribution2	($	10.0	)	($	0.6	)	$	0.6			2.2		($	7.8	)
Electric Distribution3		(29.8	)		(16.3	)		(17.8	)		8.5			(55.4	)
Electric Transmission3		(0.4	)		(0.2	)		(0.2	)		—			(0.8	)
Utility Generation (VaP)4		(60.5	)		(37.0	)		(46.8	)		16.2			(128.1	)
Earnings Impact (pre-tax)	($	100.7	)	($	54.1	)	($	64.2	)	$	26.9		($	192.1	)
After-tax Impact ($millions)
Description	1Q’12 v. ‘11			2Q’12 v. ‘11			3Q’12 v. ‘11			4Q’12 v. ‘11			FY ‘12 v. ‘11
Gas Distribution2	($	6.3	)	($	0.4	)	$	0.4			1.4		($	4.9	)
Electric Distribution3		(18.2	)		(9.9	)		(10.9	)		5.2			(33.8	)
Electric Transmission3		(0.2	)		(0.1	)		(0.1	)		—			(0.4	)
Utility Generation (VaP)4		(36.9	)		(22.6	)		(28.5	)		9.9			(78.1	)
Earnings Impact (after-tax)	($	61.6	)	($	33.0	)	($	39.1	)	$	16.5		($	117.2	)

1) The effects on earnings from differences in weather compared to normal and compared to prior periods are measured using base rate revenue. This schedule does not reflect the O&M expenditures for restoring service associated with outages caused by major storms.

2) Reported in the Dominion Energy segment. Comprised of Dominion East Ohio Gas Company and Hope Gas, Inc.

3) Reported in the Dominion Virginia Power segment.

4) Reported in the Dominion Generation segment.

Note: Figures may not add due to rounding

February 28, 2013 23

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Finance & Liquidity

Schedule of Long-Term Debt

Preliminary & Unaudited ($ in millions)

	At 12/31 2011			At 3/31 2012			At 6/30 2012			At 9/30 2012			At 12/31 2012
Dominion Resources, Inc.
Unsecured Senior Notes:
Variable rate, due 2013	$	—		$	—		$	—		$	—		$	400
1.4% to 7.195%, due 2012 to 20171	$	3,545		$	3,545		$	3,545		$	3,041		$	3,041
2.75% to 8.875%, due 2018 to 2042	$	4,399		$	4,399		$	4,399		$	5,099		$	5,099
Unsecured Debentures and Senior Notes (previously issued by CNG):
5.0% and 6.625%, due 2013 and 2014	$	622		$	622		$	622		$	622		$	622
6.8% and 6.875%, due 2026 and 2027	$	89		$	89		$	89		$	89		$	89
Unsecured Convertible Senior Notes, 2.125%, due 20232	$	143		$	137		$	82		$	82		$	82
Unsecured Junior Subordinated Notes Payable to Affiliated Trusts, 7.83% and 8.4%, due 2027 and 20313	$	268		$	268		$	268		$	268		$	268
Enhanced Junior Subordinated Notes:
7.5% and 8.375%, due 2064 and 2066	$	985		$	985		$	985		$	985		$	985
Variable rate, due 20664	$	468		$	382		$	380		$	380		$	380
Virginia Electric and Power Company
Unsecured Senior Notes:
4.75% to 8.625%, due 2012 to 2017	$	2,321		$	2,319		$	2,313		$	2,311		$	1,706
2.95% to 8.875%, due 2018 to 2038	$	3,558		$	4,008		$	4,008		$	4,008		$	4,008
Tax-Exempt Financings:
Variable rates, due 2016 to 2041	$	454		$	454		$	454		$	454		$	454
1.5% to 6.5%, due 2017 to 20405	$	533		$	533		$	533		$	533		$	508
Dominion Energy, Inc.
Secured Senior Notes:
5.03% to 5.78%, due 2013	$	842		$	842		$	842		$	842		$	842
7.33%, due 2020	$	159		$	159		$	152		$	152		$	145
Tax-Exempt Financings:
2.25% to 5.75%, due 2033 to 2042	$	284		$	284		$	284		$	284		$	284
Variable rate, due 2041	$	75		$	75		$	75		$	75		$	75
Total Principal Amount	$	18,745		$	19,101		$	19,031		$	19,225		$	18,988
Fair Value Hedge Valuation		105			93			103			93			93
Amounts Due Within One Year		(1,479	)		(2,131	)		(2,141	)		(2,175	)		(2,223	)
Unamortized Discount & Premium, net		23			16			10			1			(7	)
Total Long-Term Debt	$	17,394		$	17,079		$	17,003		$	17,144		$	16,851

¹⁾  $334 million of Dominion’s 6.25% 2002 Series B Senior Notes matured June 30, 2012 but remained on the second quarter balance sheet because the corresponding cash flow did not occur until the next succeeding business day which was in the third quarter of 2012.

²⁾  $6 million and $55 million of the Convertible Senior Notes were converted into cash and common stock during first and second quarters of 2012, respectively.

³⁾  The $258 million 7.83% Junior Subordinated Notes due 2027 were redeemed early on January 3, 2013.

⁴⁾  $88 million of the 2006 Series B Enhanced Junior Subordinated Notes due 2066 were purchased and cancelled during the first and second quarters of 2012 primarily as a result of a tender offer.

⁵⁾  In October 2012, Virginia Power redeemed the $25 million 6.5% IDA of Mecklenburg County, Virginia Exempt Facility Revenue Refunding Bonds, Series 2002, that would have otherwise matured in October 2017.

February 28, 2013 24

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Schedule of Debt Maturities

As of December 31, 2012 (in $ millions)

	Due Date	DRI		VEPCO		Other		Total
2013
7.83% Jr Subordinated NP to Affiliated Trusts (Early Redemption)	01/03/13		257.7		—		—		257.7
4.75% 2003 Series A Senior Notes	03/01/13		—		400.0		—		400.0
5.0% 2003 Series D Senior Notes	03/15/13		250.0		—		—		250.0
5.03% to 5.78% 2004 Sr Secured Notes (from Juniper Consolidation)	08/15/13		—		—		841.6		841.6
2012 Private Placement Short Term Notes (variable)	11/21/13		400.0		—		—		400.0
6.625% 1993 Series B Debentures (from CNG Merger)	12/01/13		22.0		—		—		22.0
7.25% Mecklenburg Senior Bonds	multiple		—		11.6		—		11.6
8.625% Panda-Rosemary Senior Notes	multiple		—		5.9		—		5.9
7.33% Senior Secured Bonds	multiple		—		—		10.9		10.9
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		—		0.2		—		0.2
Total 2013			929.7		417.7		852.5		2,199.9
2014
5.0% 2003 Series A Senior Notes (from CNG Merger)	03/01/14		200.0		—		—		200.0
1.8% 2011 Series B Senior Notes	03/15/14		400.0		—		—		400.0
7.195% Remarketed 2000 Series E Senior Notes	09/15/14		47.3		—		—		47.3
5.0% 2004 Series A Senior Notes (from CNG Merger)	12/01/14		400.0		—		—		400.0
7.25% Mecklenburg Senior Bonds	multiple		—		11.2		—		11.2
8.625% Panda-Rosemary Senior Notes	multiple		—		6.1		—		6.1
7.33% Senior Secured Bonds	multiple		—		—		14.9		14.9
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		—		0.3		—		0.3
Total 2014			1,047.3		17.6		14.9		1,079.8
2015
5.15% 2005 Series C Senior Notes	07/15/15		500.0		—		—		500.0
2.25% 2010 Series A Senior Notes	09/01/15		250.0		—		—		250.0
5.25% 2003 Series C Senior Notes	12/15/15		—		200.0		—		200.0
7.25% Mecklenburg Senior Bonds	multiple		—		4.2		—		4.2
8.625% Panda-Rosemary Senior Notes	multiple		—		6.1		—		6.1
7.33% Senior Secured Bonds	multiple		—		—		17.7		17.7
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		—		0.3		—		0.3
Total 2015			750.0		210.6		17.7		978.3
2016
5.2% 2004 Series A Senior Notes	01/15/16		193.9		—		—		193.9
5.4% 2006 Series A Senior Notes	01/15/16		—		450.0		—		450.0
8.625% Panda-Rosemary Senior Notes	02/15/16		—		1.5		—		1.5
1986 Series IDA Prince William (variable)	08/01/16		—		11.2		—		11.2
1986 Series Grant County (variable)	08/01/16		—		7.4		—		7.4
1.95% 2011 Series D Senior Notes	08/15/16		450.0		—		—		450.0
5.6% 2006 Series A Senior Notes	11/15/16		250.0		—		—		250.0
7.25% Mecklenburg Senior Bonds	multiple		—		6.0		—		6.0
7.33% Senior Secured Bonds	multiple		—		—		19.9		19.9
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		—		0.3		—		0.3
Total 2016			893.9		476.4		19.9		1,390.2
2017
2011 Series A EDA Chesterfield County (variable)	06/01/17		—		75.0		—		75.0
1.4% 2012 Series A Senior Notes	09/15/17		350.0		—		—		350.0
5.95% 2007 Series B Senior Notes	09/15/07		—		600.0		—		600.0
6.0% 2007 Series A Senior Notes	11/30/17		350.0		—		—		350.0
7.25% Mecklenburg Senior Bonds	multiple		—		3.4		—		3.4
7.33% Senior Secured Bonds	multiple		—		—		21.5		21.5
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		—		0.3		—		0.3
Total 2017			700.0		678.7		21.5		1,400.2
Total 5-year Debt Maturities		$	4,320.9	$	1,801.0	$	926.5	$	7,048.4

February 28, 2013 25

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Schedule of Liquidity Position

As of December 31, 2012 (in $ millions)

Total Committed Bank Lines	$	3,500
Less:
Commercial Paper Outstanding	$	2,412
Letters of Credit Issued	$	26
Funded Loans	$	—
Total Available Capacity	$	1,062
Cash & Short-Term Investments On Hand*	$	197
Total Liquidity Available	$	1,259

* Represents aggregate collected cash balances; not ledger balances per financial statements, which totaled $248 million at 12/31/2012.

Committed bank lines consist of the following:

A $3.0 billion revolving credit facility entered into by Dominion Resources, Inc. (“DRI”) and Virginia Electric and Power Company (“VEPCO”) in September 2010 which will mature in September 2017. This facility is available to DRI as well as VEPCO.

A $500 million revolving credit facility entered into by DRI and VEPCO in September 2010. $100 million of capacity under this facility will mature in September 2016 and the remaining $400 million will mature in September 2017. This facility is available to DRI as well as VEPCO.

Additionally, there is a $120 million revolving credit facility (not reflected in table above) entered into by VEPCO in September 2010, which will mature in September 2017. This facility is dedicated to certain tax-exempt bond issuances by VEPCO.

February 28, 2013 26

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Schedule of Change in Capitalization

Dominion Resources, Inc & Subsidiaries

Summary of Changes in Capitalization From December 31, 2011 to December 31, 2012

($ in Millions)

Change in Debt (Long-Term Debt plus Securities Due Within One Year)
Balance as of December 31, 2011					$	18,873
Issuances:
VEPCO 2012 Series A 2.95% Senior Notes due 2022			450
DRI 2012 Series A 1.4% Senior Notes due 2017			350
DRI 2012 Series B 2.75% Senior Notes due 2022			350
DRI 2012 Series C 4.05% Senior Notes due 2042			350
DRI 2012 Private Placement (variable) Short Term Notes due 2013			400
			1,900
Maturities:
VEPCO 2007 Series C 5.1% Senior Notes due 2012			(600	)
DRI 2002 Series C 5.7% Senior Notes due 2012			(520	)
DRI 2002 Series B 6.25% Senior Notes due 2012			(334	)
DRI 2006 Series B (variable) Enhanced Jr Subordinated Notes due 20661			(88	)
DRI 2004 Series C 2.125% Unsecured Convertible Senior Notes due 20232			(61	)
VEPCO 2002 Series 6.5% IDA Mecklenburg Bonds due 20173			(25	)
Other			(29	)
			(1,657	)
Other:
Change in Fair Value Hedges and Net Discount/Premium			(42	)
			(42	)
Balance as of December 31, 2012					$	19,074
Change in Shareholders’ Equity
Balance as of December 31, 2011					$	11,503
Issuance of Common Stock, Net			313
Change in Other Paid-in Capital			(17	)
Changes in AOCI:
Net Other Comprehensive Gain (Loss) associated with effective portion of changes in fair value of derivatives designated as cash flow hedges, net of taxes and amounts reclassified to earnings:
Interest Rate	(49	)
Electricity	(78	)
Gas	5
NGL	54
	(68	)
Other changes in Net Other Comprehensive Income(4)	(199	)
Net change in AOCI			(267	)
Change in Retained Earnings			(907	)
Net change in Shareholders’ Equity						(878	)
Noncontrolling Interest						—
Net change in Equity						(878	)
Balance as of December 31, 2012					$	10,625

1) $88 million of the 2006 Series B Enhanced Junior Subordinated Notes due 2066 were purchased and cancelled primarily as a result of a tender offer.

2) $61 million of the Convertible Senior Notes were converted into cash and common stock.

3) Redeemed early on October 15, 2012.

4) Primarily reflects a net increase in unrealized gains on investments held in nuclear decommissioning trusts, and changes related to pension and OPEB benefit plans.

February 28, 2013 27

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Hedging

Power, Capacity and NGL Hedge Positions			As of January 31, 2013
Merchant Generation Power & Fuel	Net Summer Capacity  (MW)		2013			2014			2015
Hedge Positions1
Millstone		2,016		82	%		59	%		37	%
Manchester		432		0	%		0	%		0	%
Fairless		1,196		0	%		0	%		0	%
Total Merchant Generation2		3,644		45	%		32	%		21	%
Power Pricing
NEPOOL Baseload - Average Hedge Price ($/MWh)3			$	48.83		$	49.01		$	54.29
Merchant Generation Capacity (EFOR Adjusted)			2013			2014			2015
Millstone & Manchester (MW)				2,473			2,467			2,469
Average Capacity Hedge Price ($/KW - month)			$	2.61		$	2.75		$	3.05
Fairless (MW)4				1,181			1,178			1,183
Average Capacity Hedge Price ($/KW - month)			$	6.11		$	5.52		$	4.70
NGL			2013			2014
Estimated annual NGL sales (in million gallons)5				140-150			120-130
Amount hedged (in million gallons)				127			116
Average hedge price per gallon6			$	1.34		$	1.31

1) 2013 hedge percentages are calculated based on the weighted-average of: 1) actual results which are considered to be 100% hedged, and 2) balance of year hedge percentages. Capacity shown is net summer capacity. Assume capacity remains constant in all periods shown.

2) Annual percentage calculations are capacity-weighted. Excludes Wind assets.

3) NEPOOL Baseload Average Hedge Price includes all on-peak, off-peak, around-the-clock, and seasonal hedges for Millstone Power Station.

4) For the June 1, 2012 to December 31, 2015 period, Fairless RPM auction clearing price is based on Eastern MAAC LDA.

5) Represents Dominion’s production interest from the Hastings plant. A small portion of anticipated volumes from Natrium are included in 2013 for the period before the plant is contributed to the Blue Racer Midstream JV.

6) Average hedge price is based on a basket of liquids products: propane (52%), normal butane (17%), iso-butane (10%) and natural gasoline (21%).

February 28, 2013 28

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of Forecast and Outlook

Reconciliation of Operating Earnings Guidance

4Q12 Operating Earnings Summary

(millions, except per share amounts)

	4Q111			Range of 4Q12						4Q12
Description	Actual*			Low			High			Actual*
Operating Earnings before Interest and Taxes:
Dominion Virginia Power	$	232		$	280		$	305		$	257
Dominion Energy		258			265			295			330
Dominion Generation		230			260			285			257
Corporate and Other & Eliminations Adjusted EBIT		(12	)		(15	)		(5	)		(21	)
Total Adjusted EBIT		708			790			880			823
Consolidated Interest		223			205			195			194
Consolidated Income Taxes		145			215			245			222
Noncontrolling Interests		6			5			5			7
Operating Earnings	$	334		$	365		$	435		$	400
Average Diluted Shares Outstanding		571.2			577			575			575.0
Operating EPS Range	$	0.58		$	0.64		$	0.76		$	0.69
4Q12 Operating EPS Guidance Range*				$	0.65		$	0.75
Note: Figures may not add due to rounding		4Q12 Operating EPS Actual >>>								$	0.69

1) Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

* For information on items excluded from operating earnings see the GAAP Reconciliations on pages 36-39.

February 28, 2013 29

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

2012 Operating Earnings Summary

Dominion

2012 Operating Earnings Guidance Summary

(millions, except per share amounts)

	20111			Range of 2012						2012
Description	Actual*			Low			High			Actual*
Operating Earnings before Interest and Taxes:
Dominion Virginia Power	$	1,012		$	1,045		$	1,095		$	1,105
Dominion Energy		901			945			990			950
Dominion Generation		1,833			1,800			1,910			1,580
Corporate and Other & Eliminations Adjusted EBIT		(69	)		(75	)		(65	)		(73	)
Total Adjusted EBIT		3,677			3,715			3,930			3,562
Consolidated Interest		901			885			855			832
Consolidated Income Taxes		1,004			1,060			1,105			954
Noncontrolling Interests		18			25			25			27
Operating Earnings	$	1,754		$	1,745		$	1,945		$	1,749
Average Diluted Shares Outstanding		574.6			575			573			573.9
Operating EPS Range	$	3.05		$	3.03		$	3.39		$	3.05
2012 Operating EPS Guidance Range				$	3.10		$	3.35
Note: Figures may not add due to rounding		2012 Operating EPS Actual >>>								$	3.05

1) Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

* For information on items excluded from operating earnings see the GAAP Reconciliations on pages 36-39.

February 28, 2013 30

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

GAAP Reconciliation

Reconciliation of 2012 Consolidated Operating Earnings to Reported Earnings

Dominion Consolidated

Unaudited Income Statements

(millions, except per share amounts)

	Three Months Ended December 31, 2012								Twelve Months Ended December 31, 2012
	Operating		Adjustments			GAAP			Operating		Adjustments			GAAP
Operating Revenue	$	3,050	$	117	(a), (f)	$	3,167		$	12,762	$	331	(a), (f)	$	13,093
Operating Expenses
Electric fuel and other energy-related purchases		823		32	(a), (f)		855			3,650		98	(a), (f)		3,748
Purchased electric capacity		90		—			90			387		—			387
Purchased gas		359		—			359			1,177		—			1,177
Other operations and maintenance		578		1,741	(a), (e), (f), (g)		2,319			2,446		2,422	(a), (e), (f), (g)		4,868
Depreciation, depletion and amortization		288		16	(a), (f)		304			1,148		38	(a), (f)		1,186
Other taxes		126		6	(a), (f)		132			551		20	(a), (f)		571
Total operating expenses		2,264		1,795			4,059			9,359		2,578			11,937
Income from operations		786		(1,678	)		(892	)		3,403		(2,247	)		1,156
Other income (loss)		37		12	(a), (b), (f)		49			159		64	(a), (b), (f)		223
Income including noncontrolling interests before interest and income taxes		823		(1,666	)		(843	)		3,562		(2,183	)		1,379
Interest and related charges		194		21	(a), (f)		215			832		50	(a), (f)		882
Income including noncontrolling interests before income taxes		629		(1,687	)		(1,058	)		2,730		(2,233	)		497
Income taxes		222		(628	) (c)		(406	)		954		(808	) (c)		146
Income from continuing operations including noncontrolling interests		407		(1,059	)		(652	)		1,776		(1,425	)		351
Income (loss) from discontinued operations, net of tax		—		—			—			—		(22	) (d)		(22	)
Noncontrolling interests		7		—			7			27		—			27
Earnings	$	400	$	(1,059	)	$	(659	)	$	1,749	$	(1,447	)	$	302
Earnings Per Share - Diluted	$	0.69	$	(1.84	)	$	(1.15	)	$	3.05	$	(2.52	)	$	0.53
Average shares outstanding, diluted		575.0					575.0			573.9					573.9

Adjustments to Operating Earnings:

(a) Items related to Kewaunee nuclear merchant power station.

(b) Net gain/loss related to our investment in nuclear decommissioning trust funds.

(c) Income tax effects for items excluded from operating results.

(d) Items related to income/loss from State Line and Salem Harbor discontinued operations.

(e) Restoration costs associated with severe storms affecting our Dominion Virginia Power and Dominion North Carolina Power service territories.

(f) Items related to certain fossil fuel-fired merchant power stations, which Dominion decided to market for sale in the third quarter of 2012.

(g) Other miscellaneous items.

Note: Figures may not add due to rounding

February 28, 2013 31

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 2011 Consolidated Operating Earnings to Reported Earnings

Dominion Consolidated

Unaudited Income Statements

(millions, except per share amounts)

	Three Months Ended December 31, 2011							Twelve Months Ended December 31, 2011
	Operating1		Adjustments			GAAP2		Operating1		Adjustments			GAAP2
Operating Revenue	$	3,216	$	(87	) (a), (b), (k),  (l)	$	3,129	$	14,314	$	(169	) (a), (b), (e),  (g), (k), (l)	$	14,145
Operating Expenses
Electric fuel and other energy-related purchases		915		(13	) (a), (b)		902		4,152		(55	) (a), (b), (e)		4,097
Purchased electric capacity		110		—			110		454		—			454
Purchased gas		403		19	(l)		422		1,745		19	(l)		1,764
Other operations and maintenance		717		218	(a), (b), (h),  (l), (m)		935		2,849		473	(a), (b), (f),  (h), (i), (j), (l), (m)		3,322
Depreciation, depletion and amortization		282		1	(a)		283		1,068		(2	) (a), (b), (f)		1,066
Other taxes		137		—			137		545		3	(a), (b)		548
Total operating expenses		2,564		225			2,789		10,813		438			11,251
Income from operations		652		(312	)		340		3,501		(607	)		2,894
Other income (loss)		56		10	(a), (b), (c)		66		176		2	(a), (b), (c)		178
Income including noncontrolling interests before interest and income taxes		708		(302	)		406		3,677		(605	)		3,072
Interest and related charges		223		(47	) (a), (b), (k)		176		901		(34	) (a),(b), (k)		867
Income including noncontrolling interests before income taxes		485		(255	)		230		2,776		(571	)		2,205
Income taxes		145		(121	) (d)		24		1,004		(250	) (d)		754
Income from continuing operations including noncontrolling interests		340		(134	)		206		1,772		(321	)		1,451
Income (loss) from discontinued operations, net of tax		—		1	(b)		1		—		(25	) (b)		(25	)
Noncontrolling interests		6		—			6		18		—			18
Earnings	$	334	$	(133	)	$	201	$	1,754	$	(346	)	$	1,408
Earnings Per Share - Diluted	$	0.58	$	(0.23	)	$	0.35	$	3.05	$	(0.60	)	$	2.45
Average shares outstanding, diluted		571.2					571.2		574.6					574.6

Adjustments to Operating Earnings:

(a) Items related to Kewaunee nuclear merchant power station.

(b) Items related to Salem Harbor and State Line discontinued operations.

(c) Net gain/loss related our investment in nuclear decommissioning trust funds.

(d) Income tax effects for adjustments to operating results.

(e) Item related to Virginia deferred fuel.

(f) Benefit related to litigation with the Department of Energy for spent nuclear fuel-related costs at Millstone nuclear power station.

(g) PJM ancillary revenues adjustment related to prior year.

(h) Restoration costs associated with Hurricane Irene

(i) Earthquake related costs.

(j) Impairment charges related to excess emission allowances resulting from new EPA Air Pollution Rule.

(k) Items in connection with the Virginia Commission’s final ruling associated with its biennial review of Virginia Power’s base rates for 2009-2010 test years.

(l) Other miscellaneous items.

(m) Impairment charge related to certain electric utility generation assets.

¹⁾ Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

²⁾ Amounts have been recast to reflect the results of State Line and Salem Harbor generating stations as discontinued operations.

Note: Figures may not add due to rounding

February 28, 2013 32

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 2012 Corporate and Other Operating Earnings to Reported Earnings

Corporate and Other

Unaudited Income Statements

(millions, except per share amounts)

	Three Months Ended December 31, 2012									Twelve Months Ended December 31, 2012
	Operating			Adjustments			GAAP			Operating			Adjustments			GAAP
Operating Revenue	$	148		$	117	(a), (f)	$	265		$	584		$	331	(a), (f)	$	915
Operating Expenses
Electric fuel and other energy-related purchases		—			32	(a), (f)		32			—			98	(a), (f)		98
Purchased electric capacity		—			—			—			—			—			—
Purchased gas		1			—			1			3			—			3
Other operations and maintenance		147			1,741	(a), (e), (f),  (g)		1,888			577			2,422	(a), (e), (f),  (g)		2,999
Depreciation, depletion and amortization		8			16	(a), (f)		24			30			38	(a), (f)		68
Other taxes		—			6	(a), (f)		6			21			20	(a), (f)		41
Total operating expenses		156			1,795			1,951			631			2,578			3,209
Income from operations		(8	)		(1,678	)		(1,686	)		(47	)		(2,247	)		(2,294	)
Other income (loss)		13			12	(a), (b), (f)		25			80			64	(a), (b), (f)		144
Income including noncontrolling interests before interest and income taxes		5			(1,666	)		(1,661	)		33			(2,183	)		(2,150	)
Interest and related charges		127			21	(a), (f)		148			496			50	(a), (f)		546
Income including noncontrolling interests before income taxes		(122	)		(1,687	)		(1,809	)		(463	)		(2,233	)		(2,696	)
Income taxes		(65	)		(628	) (c)		(693	)		(228	)		(808	) (c)		(1,036	)
Income from continuing operations including noncontrolling interests		(57	)		(1,059	)		(1,116	)		(235	)		(1,425	)		(1,660	)
Income (loss) from discontinued operations, net of tax		—			—			—			—			(22	) (d)		(22	)
Noncontrolling interests		—			—			—			—			—			—
Earnings (Loss) Contribution	$	(57	)	$	(1,059	)	$	(1,116	)	$	(235	)	$	(1,447	)	$	(1,682	)
Earnings Per Share	$	(0.10	)	$	(1.84	)	$	(1.94	)	$	(0.41	)	$	(2.52	)	$	(2.93	)
Average shares outstanding, diluted		575.0						575.0			573.9						573.9

Adjustments to Operating Earnings:

(a) Items related to Kewaunee nuclear merchant power station.

(b) Net gain/loss related to our investment in nuclear decommissioning trust funds.

(c) Income tax effects for items excluded from operating results.

(d) Items related to income/loss from State Line and Salem Harbor discontinued operations.

(e) Restoration costs associated with severe storms affecting our Dominion Virginia Power and Dominion North Carolina Power service territories.

(f) Items related to certain fossil fuel-fired merchant power stations, which Dominion decided to market for sale in the third quarter of 2012.

(g) Other miscellaneous items.

Note: Figures may not add due to rounding

February 28, 2013 33

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 2011 Dominion Generation Earnings to Reported Earnings

Dominion Generation

Unaudited Summary of Operating results

(millions, except per share amounts)

	Three Months Ended December 31, 2011							Twelve Months Ended December 31, 2011
	Operating1		Adjustments			GAAP2		Operating1		Adjustments			GAAP2
Operating Revenue	$	1,634	$	(48	) (a)	$	1,586	$	7,670	$	(235	) (a)	$	7,435
Operating Expenses
Electric fuel and other energy-related purchases		731		(22	) (a)		709		3,210		(97	) (a)		3,113
Purchased electric capacity		100		—			100		408		—			408
Purchased gas		—		—			—		—		—			—
Other operations and maintenance		420		(25	) (a)		395		1,617		(77	) (a)		1,540
Depreciation, depletion and amortization		122		—			122		459		(2	) (a)		457
Other taxes		55		(1	) (a)		54		204		(5	) (a)		199
Total operating expenses		1,428		(48	)		1,380		5,898		(181	)		5,717
Income from operations		206		—			206		1,772		(54	)		1,718
Other income		24		(1	) (a)		23		61		(1	) (a)		60
Income including noncontrolling interests before interest and income taxes		230		(1	)		229		1,833		(55	)		1,778
Interest and related charges		56		(1	) (a)		55		219		(2	) (a)		217
Income including noncontrolling interests before income taxes		174		—			174		1,614		(53	)		1,561
Income taxes		53		1	(a)		54		601		(18	) (a)		583
Income including noncontrolling interests		121		(1	)		120		1,013		(35	)		978
Noncontrolling interests		4		—			4		10		—			10
Operating Earnings Contribution	$	117	$	(1	)	$	116	$	1,003	$	(35	)	$	968
Operating Earnings Per Share Contribution	$	0.20	$	—		$	0.20	$	1.74	$	(0.06	)	$	1.68
Average shares outstanding, diluted		571.2					571.2		574.6					574.6

Adjustments to Operating Earnings:

(a) Items related to Salem Harbor and State Line discontinued operations.

¹⁾ Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

²⁾ Amounts have been recast to reflect the results of State Line and Salem Harbor generating stations as discontinued operations.

Note: Figures may not add due to rounding

February 28, 2013 34

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 2011 Corporate and Other Operating Earnings to Reported Earnings

Corporate and Other

Unaudited Income Statements

(millions, except per share amounts)

	Three Months Ended December 31, 2011									Twelve Months Ended December 31, 2011
	Operating			Adjustments			GAAP1			Operating			Adjustments			GAAP1
Operating Revenue	$	149		$	(39	) (a), (k), (m)	$	110		$	585		$	66	(a), (e), (g),  (k), (m)	$	651
Operating Expenses
Electric fuel and other energy-related purchases		—			9	(a)		9			—			42	(a), (e)		42
Purchased electric capacity		—			—			—			—			—			—
Purchased gas		1			19	(m)		20			5			19	(m)		24
Other operations and maintenance		149			243	(a), (h), (l),  (m)		392			578			550	(a), (f), (h),  (i), (j), (m)		1,128
Depreciation, depletion and amortization		7			1	(a)		8			28			—	(a), (f)		28
Other taxes		1			1	(a)		2			22			8	(a)		30
Total operating expenses		158			273			431			633			619			1,252
Income from operations		(9	)		(312	)		(321	)		(48	)		(553	)		(601	)
Other income (loss)		25			11	(a), (b)		36			85			3	(a), (b)		88
Income including noncontrolling interests before interest and income taxes		16			(301	)		(285	)		37			(550	)		(513	)
Interest and related charges		137			(46	) (a), (k)		91			546			(32	) (a), (k)		514
Income including noncontrolling interests before income taxes		(121	)		(255	)		(376	)		(509	)		(518	)		(1,027	)
Income taxes		(73	)		(122	) (d)		(195	)		(238	)		(232	) (c)		(470	)
Income from continuing operations including noncontrolling interests		(48	)		(133	)		(181	)		(271	)		(286	)		(557	)
Income (loss) from discontinued operations, net of tax		—			1	(d)		1			—			(25	) (d)		(25	)
Noncontrolling interests		—			—			— ��			—			—			—
Earnings (Loss) Contribution	$	(48	)	$	(132	)	$	(180	)	$	(271	)	$	(311	)	$	(582	)
Earnings Per Share	$	(0.09	)	$	(0.23	)	$	(0.32	)	$	(0.47	)	$	(0.54	)	$	(1.01	)
Average shares outstanding, diluted		571.2						571.2			574.6						574.6

Adjustments to Operating Earnings:

(a) Items related to Kewaunee nuclear merchant power station.

(b) Net gain/loss related our investment in nuclear decommissioning trust funds.

(c) Income tax effects for adjustments to operating results.

(d) Items related to Salem Harbor and State Line discontinued operations.

(e) Item related to Virginia deferred fuel.

(f) Benefit related to litigation with the Department of Energy for spent nuclear fuel-related costs at Millstone nuclear power station.

(g) PJM ancillary revenues adjustment related to prior year.

(h) Restoration costs associated with Hurricane Irene

(i) Earthquake related costs.

(j) Impairment charges related to excess emission allowances resulting from new EPA Air Pollution Rule.

(k) Items in connection with the Virginia Commission’s final ruling associated with its biennial review of Virginia Power’s base rates for 2009-2010 test years.

(l) Impairment charge related to certain electric utility generation assets.

(m) Other miscellaneous items.

¹⁾ Amounts have been recast to reflect the results of State Line and Salem Harbor generating stations as discontinued operations.

Note: Figures may not add due to rounding

February 28, 2013 35

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 2012 Operating Earnings to Reported Earnings

Dominion

Reconciliation of 2012 Operating to 2012 GAAP

Unaudited, Operating Segments

(millions, except per share amounts)

Description	2012 Operating			Adjustments			2012 GAAP
Dominion Virginia Power EBIT	$	1,105					$	1,105
Dominion Energy EBIT		950						950
Dominion Generation EBIT		1,580						1,580
Corporate and Other & Eliminations EBIT		(73	)		(2,183	) (a), (b), (e), (f), (g)		(2,256	)
Total EBIT	$	3,562		($	2,183	)	$	1,379
Consolidated Interest		832			50	(a), (f)		882
Consolidated Income Taxes		954			(808	) (c)		146
Noncontrolling Interests		27						27
Income(loss) from Discontinued Operations		0			(22	) (d)		(22	)
Earnings	$	1,749		($	1,447	)	$	302
Average Diluted Shares Outstanding		573.9			573.9			573.9
Operating EPS	$	3.05			—			—
Adjustments		—		($	2.52	)		—
Reported EPS		—			—		$	0.53
Note: Totals may not add due to rounding

Adjustments to Operating Earnings:

(a) Items related to Kewaunee nuclear merchant power station.

(b) Net gain/loss of our investment in nuclear decommissioning trust funds.

(c) Income tax effects for items excluded from operating results.

(d) Items related to State Line and Salem Harbor discontinued operations.

(e) Restoration costs associated with severe storms affecting our Dominion Virginia Power and Dominion North Carolina Power service territories.

(f) Items related to certain fossil fuel-fired merchant power stations, which Dominion decided to market for sale in the third quarter of 2012.

(g) Other miscellaneous items.

February 28, 2013 36

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 2011 Operating Earnings to Reported Earnings

Reconciliation of 2011 Operating to 2011 GAAP

Unaudited, Operating Segments

(millions, except per share amounts)

Description	2011 Operating1			Adjustments			2011 GAAP2
Dominion Virginia Power EBIT	$	1,012					$	1,012
Dominion Energy EBIT		901						901
Dominion Generation EBIT		1,833			(55	) (a)		1,778
Corporate and Other & Eliminations EBIT		(69	)		(550	) (b), (c), (e), (f), (f), (g), (h), (i), (j), (k)		(619	)
Total EBIT	$	3,677		($	605	)	$	3,072
Consolidated Interest		901			(34	) (a),(b), (h)		867
Consolidated Income Taxes		1,004			(250	) (d)		754
Noncontrolling Interests		18						18
Income(loss) from Discontinued Operations		0			(25	) (a)		(25	)
Earnings	$	1,754		($	346	)	$	1,408
		574.6			574.6			574.6
Operating EPS	$	3.05			—			—
Adjustments		—		($	0.60	)		—
Reported EPS		—			—		$	2.45
Note: Totals may not add due to rounding

Adjustments to Operating Earnings:

(a) Items related to State Line and Salem Harbor discontinued operations.

(b) Items related to Kewaunee nuclear merchant power station.

(c) Net gain/loss related to our investment in nuclear decommissioning trust funds.

(d) Income tax effects for adjustments to operating results.

(e) Impairment charges related to certain electric utility generation assets.

(f) Restoration costs associated with Hurricane Irene.

(g) Impairment charges related to excess emission allowances resulting from new EPA Air Pollution Rule.

(h) Items in connection with the Virginia Commission’s final ruling associated with its biennial review of Virginia Power’s base rates for 2009-2010 test years.

(i) Earthquake related costs.

(j) Benefit related to litigation with the Department of Energy for spent nuclear fuel-related costs at Millstone nuclear power station.

(k) Other miscellaneous items.

¹⁾ Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

²⁾ Amounts have been recast to reflect the results of State Line and Salem Harbor generating stations as discontinued operations.

February 28, 2013 37

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 1Q12 and 4Q12 Operating Earnings to Reported Earnings

Reconciliation of 4Q12 Operating to 4Q12 GAAP

Unaudited, Operating Segments

(millions, except per share amounts)

Description	4Q12 Operating			Adjustments			4Q12 GAAP
Dominion Virginia Power EBIT	$	257					$	257
Dominion Energy EBIT		330						330
Dominion Generation EBIT		257						257
Corporate and Other & Eliminations EBIT		(21	)		(1,666	) (a), (b), (d), (e), (f)		(1,687	)
Total EBIT	$	823		($	1,666	)	($	843	)
Consolidated Interest		194			21	(a), (f)		215
Consolidated Income Taxes		222			(628	) (c)		(406	)
Noncontrolling Interests		7						7
Income(loss) from Discontinued Operations		0			0			0
Earnings	$	400		($	1,059	)	($	659	)
Average Diluted Shares Outstanding		575.0			575.0			575.0
Operating EPS	$	0.69			—			—
Adjustments		—		($	1.84	)		—
Reported EPS		—			—		($	1.15	)

Reconciliation of 1Q12 Operating to 1Q12 GAAP¹

Unaudited, Operating Segments

(millions, except per share amounts)

Description	1Q12 Operating			Adjustments			1Q12 GAAP
Dominion Virginia Power EBIT	$	324					$	324
Dominion Energy EBIT		256						256
Dominion Generation EBIT		394						394
Corporate and Other & Eliminations EBIT		(3	)		16	(a), (b)		13
Total EBIT	$	971		$	16		$	987
Consolidated Interest		223			5	(a)		228
Consolidated Income Taxes		255			4	(c)		259
Noncontrolling Interests		7						7
Income(loss) from Discontinued Operations		0			1	(g)		1
Earnings	$	486		$	8		$	494
Average Diluted Shares Outstanding		571.9			571.9			571.9
Operating EPS	$	0.85			—			—
Adjustments		—		$	0.01			—
Reported EPS		—			—		$	0.86

Note: Totals may not add due to rounding

Adjustments to Operating Earnings:

(a) Items related to Kewaunee nuclear merchant power station.

(b) Net gain/loss of our investment in nuclear decommissioning trust funds.

(c) Income tax effects for items excluded from operating results.

(d) Restoration costs associated with severe storms affecting our Dominion Virginia Power and Dominion North Carolina Power service territories.

(e) Items related to certain fossil fuel-fired merchant power stations, which Dominion decided to market for sale in the third quarter of 2012.

(f) Other miscellaneous items.

(g) Items related to State Line and Salem Harbor discontinued operations.

February 28, 2013 38

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

Reconciliation of 4Q11 Operating Earnings to Reported Earnings

Reconciliation of 4Q11 Operating to 4Q11 GAAP

Unaudited, Operating Segments

(millions, except per share amounts)

Description	4Q11 Operating1			Adjustments			4Q11 GAAP2
Dominion Virginia Power EBIT	$	232					$	232
Dominion Energy EBIT		258						258
Dominion Generation EBIT		230			(1	) (a)		229
Corporate and Other & Eliminations EBIT		(12	)		(301	) (b), (c), (e), (f), (g), (h)		(313	)
Total EBIT	$	708		($	302	)	$	406
Consolidated Interest		223			(47	) (a), (b), (f)		176
Consolidated Income Taxes		145			(121	) (d)		24
Noncontrolling Interests		6						6
Income(loss) from Discontinued Operations		0			1	(a)		1
Earnings	$	334		($	133	)	$	201
		571.2			571.2			571.2
Operating EPS	$	0.58			—			—
Adjustments		—		($	0.23	)		—
Reported EPS		—			—		$	0.35

Note: Totals may not add due to rounding

Adjustments to Operating Earnings:

(a) Items related to State Line and Salem Harbor discontinued operations.

(b) Items related to Kewaunee nuclear merchant power station.

(c) Net gain/loss related to our investment in nuclear decommissioning trust funds.

(d) Income tax effects for adjustments to operating results.

(e) Adjustment to exclude an impairment charge related to certain electric utility generation assets.

(f) Adjustment to exclude items in connection with the Virginia Commission’s final ruling associated with its biennial review of Virginia Power’s base rates for 2009-2010 test years.

(g) Adjustment to exclude impact of restoration costs associated with Hurricane Irene.

(h) Adjustment to exclude other miscellaneous items.

¹⁾ Reflects amounts as originally reported prior to recast of results for State Line and Salem Harbor generating stations as discontinued operations.

²⁾ Amounts have been recast to reflect the results of State Line and Salem Harbor generating stations as discontinued operations.

February 28, 2013 39

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

2013 Earnings Expectations

Earnings Per Share (diluted)

Reconciliation of measures prepared in accordance with Generally Accepted Accounting Principles (GAAP) versus non-GAAP measures

1Q 2013 Operating Earnings (estimate):	$	0.80 - $0.95
FY 2013 Operating Earnings (estimate):	$	3.20 - $3.50
1Q 2013 Reported Earnings (estimate):		See Note 1 below
FY 2013 Reported Earnings (estimate):		See Note 1 below

1. In providing its first-quarter and full-year 2013 operating earnings guidance the company notes that there could be differences between expected reported earnings and estimated operating earnings for matters such as, but not limited to, divestitures or changes in accounting principles. At this time, Dominion management is not able to estimate the aggregate impact, if any, of these items on reported earnings. Accordingly, Dominion is not able to provide a corresponding GAAP equivalent for its operating earnings guidance.

Dominion uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors. Dominion also uses operating earnings internally for budgeting, for reporting to the board of directors, for the company’s incentive compensation plans and for its targeted dividend payouts and other purposes. Dominion management believes operating earnings provide a more meaningful representation of the company’s fundamental earnings power.

Dominion’s estimates of first-quarter and full-year 2013 earnings are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations may include factors that are beyond the company’s ability to control or estimate precisely, including fluctuations in energy-related commodity prices, estimates of future market conditions, additional competition in the electric industry, changes in the demand for Dominion’s services, access to and costs of capital, fluctuations in the value of our pension assets and assets held in our decommissioning trusts, asset portfolio reviews and resulting decisions to acquire, divest or retire assets, the receipt of regulatory approvals for, and timing of, planned projects, acquisitions and divestitures, and the ability to complete planned construction or expansion projects within the terms and timeframes initially anticipated. Other factors include, but are not limited to, weather conditions and other events, including the effects of hurricanes, earthquakes, high winds, major storms and changes in water temperatures on operations, the risk associated with the operation of nuclear facilities, unplanned outages of Dominion’s generation facilities, state and federal legislative and regulatory developments and changes to environmental and other laws and regulations, including those related to climate change, greenhouse gases and other emissions to which we are subject, political and economic conditions, industrial, commercial and residential growth or decline in Dominion’s service area, risks of operating businesses in regulated industries that are subject to changing regulatory structures, changes to regulated gas and electric rates collected by Dominion, changes to rating agency requirements and ratings, changing financial accounting standards, fluctuations in interest rates, changes in federal and state tax laws, employee workforce factors, including collective bargaining, counter-party credit and performance risks, adverse outcomes in litigation matters or regulatory proceedings, the risk of hostile cyber intrusions and other uncertainties. Other risk factors are detailed from time to time in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K filed with the Securities and Exchange Commission.

February 28, 2013 40

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q12 EARNINGS RELEASE KIT

APPENDIX

List of Revised Schedules

Schedule	Page Number
Schedule 1 - Segment Operating Earnings		8
Schedule 2 - Reconciliation of 2012 Operating Earnings to Reported Earnings		9
Schedule 4 - Reconciliation of 2012 Earnings to 2011		11
Consolidated Financial Statements (GAAP) - Dominion Consolidated
Preliminary & Unaudited Income Statements (GAAP Based)		12
Preliminary & Unaudited Balance Sheets (Summarized)		13
Preliminary & Unaudited Statements of Cash Flows (Summarized)		14
Segment Operating Earnings Results
Dominion Consolidated - Unaudited Summary of Operating Results		15
Corporate and Other - Unaudited Summary of Operating Results		19
Schedule of Changes in Capitalization - Dominion Resources, Inc. & Subsidiaries		28
Reconciliation of Operating to Reported Earnings
Reconciliation of 2012 Consolidated Operating Earnings to Reported Earnings		32
Reconciliation of 2012 Corporate and Other Operating Earnings to Reported Earnings		34
Reconciliation of 2012 Operating Earnings to Reported Earnings		37
Reconciliation of 4Q12 Operating Earnings to Reported Earnings		39

February 28, 2013 41

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.