Exhibit 99.3
Dominion
Unaudited Supplemental Summary of 2010 Operating Earnings
(millions, except per share amounts)
12 Months Ended 12/31/10 | Quarter ended 12/31/10 | Quarter ended 09/30/10 | Quarter ended 06/30/10 | Quarter Ended 03/31/10 | ||||||||||||||||
Dominion Virginia Power | ||||||||||||||||||||
Electric Distribution | ||||||||||||||||||||
Operating revenue | $ | 1,313 | $ | 314 | $ | 352 | $ | 325 | $ | 322 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 1 | 0 | 0 | 1 | 0 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 429 | 120 | 116 | 95 | 98 | |||||||||||||||
Depreciation, depletion and amortization | 291 | 74 | 73 | 72 | 72 | |||||||||||||||
Other | 53 | 13 | 12 | 12 | 16 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 539 | $ | 107 | $ | 151 | $ | 145 | $ | 136 | ||||||||||
Electric Transmission | ||||||||||||||||||||
Operating revenue | $ | 430 | $ | 132 | $ | 118 | $ | 87 | $ | 93 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Purchased electric capacity | 15 | 11 | 4 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 162 | 54 | 54 | 20 | 34 | |||||||||||||||
Depreciation, depletion and amortization | 53 | 15 | 14 | 12 | 12 | |||||||||||||||
Other | (22 | ) | (5 | ) | (6 | ) | (6 | ) | (5 | ) | ||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 222 | $ | 57 | $ | 52 | $ | 61 | $ | 52 | ||||||||||
Dominion Retail | ||||||||||||||||||||
Operating revenue | $ | 2,077 | $ | 554 | $ | 453 | $ | 394 | $ | 676 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 1,827 | 461 | 406 | 351 | 609 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 88 | 20 | 25 | 21 | 22 | |||||||||||||||
Depreciation, depletion and amortization | 9 | 1 | 2 | 3 | 3 | |||||||||||||||
Other | 23 | 7 | 6 | 6 | 4 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 130 | $ | 65 | $ | 14 | $ | 13 | $ | 38 | ||||||||||
Segment Eliminations | ||||||||||||||||||||
Operating revenue | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 1 | 0 | 1 | 0 | 0 | |||||||||||||||
Depreciation, depletion and amortization | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other | (1 | ) | 0 | (1 | ) | 0 | 0 | |||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Dominion Virginia Power Total | ||||||||||||||||||||
Operating revenue | $ | 3,820 | $ | 1,000 | $ | 923 | $ | 806 | $ | 1,091 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 1,828 | 462 | 405 | 352 | 609 | |||||||||||||||
Purchased electric capacity | 16 | 12 | 4 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 679 | 192 | 196 | 136 | 155 | |||||||||||||||
Depreciation, depletion and amortization | 353 | 90 | 89 | 87 | 87 | |||||||||||||||
Other | 53 | 15 | 12 | 12 | 14 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 891 | $ | 229 | $ | 217 | $ | 219 | $ | 226 | ||||||||||
Interest and related charges | 158 | 42 | 40 | 37 | 39 | |||||||||||||||
Income taxes | 277 | 70 | 68 | 68 | 71 | |||||||||||||||
Noncontrolling interests | 8 | 2 | 2 | 2 | 2 | |||||||||||||||
Operating earnings contribution | $ | 448 | $ | 115 | $ | 107 | $ | 112 | $ | 114 | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Operating earnings per share contribution | $ | 0.76 | $ | 0.20 | $ | 0.18 | $ | 0.19 | $ | 0.19 | ||||||||||
Notes:
• | Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas |
• | Other = Other Taxes - Other Income |
• | Operating segment contribution to operating earnings equals contribution to GAAP earnings |
• | Figures may not add due to rounding |
Page 1 of 6
Dominion
Unaudited Supplemental Summary of 2010 Operating Earnings
(millions, except per share amounts)
12 Months Ended 12/31/10 | Quarter ended 12/31/10 | Quarter ended 09/30/10 | Quarter ended 06/30/10 | Quarter Ended 03/31/10 | ||||||||||||||||
Dominion Energy | ||||||||||||||||||||
Gas Distribution (DEO & HGI) | ||||||||||||||||||||
Operating revenue | $ | 1,094 | $ | 374 | $ | 138 | $ | 184 | $ | 398 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 291 | 99 | 13 | 33 | 146 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 418 | 155 | 70 | 79 | 114 | |||||||||||||||
Depreciation, depletion and amortization | 65 | 17 | 17 | 16 | 15 | |||||||||||||||
Other | 96 | 31 | 13 | 17 | 35 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 224 | $ | 72 | $ | 25 | $ | 39 | $ | 88 | ||||||||||
Gas Transmission | ||||||||||||||||||||
Operating revenue | $ | 1,186 | $ | 300 | $ | 268 | $ | 279 | $ | 339 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 179 | 39 | 39 | 42 | 59 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 296 | 89 | 77 | 63 | 67 | |||||||||||||||
Depreciation, depletion and amortization | 124 | 31 | 31 | 31 | 31 | |||||||||||||||
Other | 30 | 6 | 11 | 7 | 6 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 557 | $ | 135 | $ | 110 | $ | 136 | $ | 176 | ||||||||||
Producer Services | ||||||||||||||||||||
Operating revenue | $ | 1,330 | $ | 290 | $ | 321 | $ | 307 | $ | 412 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 1,264 | 270 | 284 | 320 | 390 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 22 | 5 | 8 | 4 | 5 | |||||||||||||||
Depreciation, depletion and amortization | 1 | 1 | 0 | 0 | 0 | |||||||||||||||
Other | 0 | 0 | 0 | 1 | (1 | ) | ||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 43 | $ | 14 | $ | 29 | ($18 | ) | $ | 18 | ||||||||||
E&P | ||||||||||||||||||||
Operating revenue | $ | 84 | $ | 1 | $ | 0 | $ | 19 | $ | 65 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 20 | 1 | 0 | 5 | 14 | |||||||||||||||
Depreciation, depletion and amortization | 20 | 0 | 0 | 5 | 15 | |||||||||||||||
Other | 6 | 0 | 0 | 2 | 5 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 38 | $ | 0 | $ | 0 | $ | 7 | $ | 31 |
[Dominion Energy continued on following page]
Page 2 of 6
Dominion
Unaudited Supplemental Summary of 2010 Operating Earnings
(millions, except per share amounts)
12 Months Ended 12/31/10 | Quarter ended 12/31/10 | Quarter ended 09/30/10 | Quarter ended 06/30/10 | Quarter Ended 03/31/10 | ||||||||||||||||
Dominion Energy (cont’d) | ||||||||||||||||||||
Segment Eliminations | ||||||||||||||||||||
Operating revenue | ($193 | ) | ($37 | ) | ($20 | ) | ($45 | ) | ($91 | ) | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | (186 | ) | (33 | ) | (20 | ) | (43 | ) | (90 | ) | ||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | (7 | ) | (3 | ) | (1 | ) | (2 | ) | (1 | ) | ||||||||||
Depreciation, depletion and amortization | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 0 | ($1 | ) | $ | 1 | $ | 0 | $ | 0 | ||||||||||
Dominion Energy Total | ||||||||||||||||||||
Operating revenue | $ | 3,501 | $ | 928 | $ | 706 | $ | 744 | $ | 1,123 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 1,549 | 376 | 316 | 352 | 505 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 747 | 245 | 154 | 150 | 198 | |||||||||||||||
Depreciation, depletion and amortization | 210 | 49 | 47 | 53 | 61 | |||||||||||||||
Other | 133 | 38 | 24 | 25 | 46 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 862 | $ | 220 | $ | 165 | $ | 164 | $ | 313 | ||||||||||
Interest and related charges | 85 | 18 | 19 | 21 | 27 | |||||||||||||||
Income taxes | 302 | 80 | 54 | 57 | 111 | |||||||||||||||
Noncontrolling interests | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Operating earnings contribution | $ | 475 | $ | 122 | $ | 92 | $ | 86 | $ | 175 | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Operating earnings per share contribution | $ | 0.80 | $ | 0.21 | $ | 0.16 | $ | 0.14 | $ | 0.29 | ||||||||||
Notes:
• | Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas |
• | Other = Other Taxes - Other Income |
• | Operating segment contribution to operating earnings equals contribution to GAAP earnings |
• | Figures may not add due to rounding |
Page 3 of 6
Dominion
Unaudited Supplemental Summary of 2010 Operating Earnings
(millions, except per share amounts)
12 Months Ended 12/31/10 | Quarter ended 12/31/10 | Quarter ended 09/30/10 | Quarter ended 06/30/10 | Quarter Ended 03/31/10 | ||||||||||||||||
Dominion Generation | ||||||||||||||||||||
Utility Generation | ||||||||||||||||||||
Operating revenue | $ | 5,546 | $ | 1,238 | $ | 1,658 | $ | 1,313 | $ | 1,337 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 2,494 | 580 | 693 | 589 | 632 | |||||||||||||||
Purchased electric capacity | 434 | 107 | 112 | 108 | 107 | |||||||||||||||
Other operations and maintenance | 1,010 | 351 | 239 | 215 | 205 | |||||||||||||||
Depreciation, depletion and amortization | 327 | 83 | 85 | 81 | 78 | |||||||||||||||
Other | 77 | 7 | 22 | 16 | 32 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 1,204 | $ | 110 | $ | 507 | $ | 304 | $ | 283 | ||||||||||
Merchant Generation | ||||||||||||||||||||
Operating revenue | $ | 2,872 | $ | 735 | $ | 768 | $ | 626 | $ | 743 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 814 | 195 | 217 | 178 | 224 | |||||||||||||||
Purchased electric capacity | 3 | 0 | 2 | 0 | 1 | |||||||||||||||
Other operations and maintenance | 832 | 228 | 197 | 218 | 189 | |||||||||||||||
Other | 36 | 15 | (1 | ) | 17 | 5 | ||||||||||||||
Earnings before interest, taxes and DD&A | $ | 1,187 | $ | 297 | $ | 353 | $ | 213 | $ | 324 | ||||||||||
Depreciation, depletion and amortization | 135 | 32 | 34 | 34 | 35 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 1,052 | $ | 265 | $ | 319 | $ | 179 | $ | 289 | ||||||||||
Dominion Generation Total | ||||||||||||||||||||
Operating revenue | $ | 8,418 | $ | 1,973 | $ | 2,426 | $ | 1,939 | $ | 2,080 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 3,308 | 775 | 910 | 767 | 856 | |||||||||||||||
Purchased electric capacity | 437 | 107 | 114 | 108 | 108 | |||||||||||||||
Other operations and maintenance | 1,842 | 579 | 436 | 433 | 394 | |||||||||||||||
Depreciation, depletion and amortization | 462 | 115 | 119 | 115 | 113 | |||||||||||||||
Other | 113 | 22 | 21 | 33 | 37 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 2,256 | $ | 375 | $ | 826 | $ | 483 | $ | 572 | ||||||||||
Interest and related charges | 185 | 49 | 48 | 41 | 47 | |||||||||||||||
Income taxes | 771 | 120 | 289 | 164 | 198 | |||||||||||||||
Noncontrolling interests | 9 | 3 | 2 | 2 | 2 | |||||||||||||||
Operating earnings contribution | $ | 1,291 | $ | 203 | $ | 487 | $ | 276 | $ | 325 | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Operating earnings per share contribution | $ | 2.19 | $ | 0.35 | $ | 0.83 | $ | 0.47 | $ | 0.54 | ||||||||||
Notes:
• | Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas |
• | Other = Other Taxes - Other Income |
• | Operating segment contribution to operating earnings equals contribution to GAAP earnings |
• | Figures may not add due to rounding |
Page 4 of 6
Dominion
Unaudited Supplemental Summary of 2010 Operating Earnings
(millions, except per share amounts)
12 Months Ended 12/31/10 | Quarter ended 12/31/10 | Quarter ended 09/30/10 | Quarter ended 06/30/10 | Quarter Ended 03/31/10 | ||||||||||||||||
THIS SCHEDULE PRESENTS GAAP MEASURES OF REPORTED NET INCOME ATTRIBUTABLE TO DOMINION PLEASE REFER TO THE FOLLOWING PAGE FOR THE OPERATING EARNINGS EQUIVALENT OF THIS SCHEDULE |
| |||||||||||||||||||
Corporate and Other | ||||||||||||||||||||
Operating revenue | $ | 769 | $ | 170 | $ | 166 | $ | 161 | $ | 272 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 11 | 1 | 2 | 6 | 2 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 1,271 | 196 | 186 | 321 | 568 | |||||||||||||||
Gain on sale of Applachian E&P operations | (2,467 | ) | 0 | 0 | (2,467 | ) | 0 | |||||||||||||
Depreciation, depletion and amortization | 30 | 7 | 7 | 8 | 8 | |||||||||||||||
Other | (26 | ) | (25 | ) | (24 | ) | 52 | (29 | ) | |||||||||||
Income including noncontrolling interests before interest and taxes | 1,950 | (9 | ) | (5 | ) | 2,241 | (277 | ) | ||||||||||||
Interest and related charges | 494 | 141 | 143 | 111 | 99 | |||||||||||||||
Income taxes | 707 | (16 | ) | (37 | ) | 845 | (85 | ) | ||||||||||||
Income from continuing operations including noncontrolling interests | 749 | (134 | ) | (111 | ) | 1,285 | (291 | ) | ||||||||||||
Income (loss) from discontinued operations, net of tax | (155 | ) | (8 | ) | 0 | 2 | (149 | ) | ||||||||||||
Noncontrolling interests | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Reported Earnings (Loss) Contribution | $ | 594 | (142 | ) | (111 | ) | 1,287 | ($440 | ) | |||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Reported Earnings (Loss) Per Share Contribution | $ | 1.01 | ($0.25 | ) | ($0.19 | ) | $ | 2.18 | ($0.73 | ) | ||||||||||
Total Segment Eliminations and Adjustments | ||||||||||||||||||||
Operating revenue | ($1,311 | ) | ($325 | ) | ($271 | ) | ($317 | ) | ($398 | ) | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | (496 | ) | (129 | ) | (86 | ) | (131 | ) | (150 | ) | ||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | (815 | ) | (196 | ) | (185 | ) | (186 | ) | (248 | ) | ||||||||||
Depreciation, depletion and amortization | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other | 90 | 18 | 21 | 22 | 29 | |||||||||||||||
Income including noncontrolling interests before interest and taxes | (90 | ) | (18 | ) | (21 | ) | (22 | ) | (29 | ) | ||||||||||
Interest and related charges | (90 | ) | (18 | ) | (21 | ) | (22 | ) | (29 | ) | ||||||||||
Income taxes | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Noncontrolling interests | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Segment Eliminations Earnings (Loss) Contribution | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Segment Eliminations Earnings (Loss) Per Share Contribution | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Dominion Total | ||||||||||||||||||||
Operating revenue | $ | 15,197 | $ | 3,746 | $ | 3,950 | $ | 3,333 | $ | 4,168 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 6,200 | 1,486 | 1,547 | 1,347 | 1,820 | |||||||||||||||
Purchased electric capacity | 453 | 120 | 116 | 109 | 108 | |||||||||||||||
Other operations and maintenance | 3,724 | 1,015 | 788 | 853 | 1,068 | |||||||||||||||
Depreciation, depletion and amortization | 1,055 | 261 | 263 | 262 | 269 | |||||||||||||||
Other taxes | 532 | 127 | 117 | 119 | 169 | |||||||||||||||
Total operating expenses | 11,964 | 3,009 | 2,831 | 2,690 | 3,434 | |||||||||||||||
Gain on sale of Appalachian E&P operations | 2,467 | 0 | 0 | 2,467 | 0 | |||||||||||||||
Income from Operations | 5,700 | 737 | 1,119 | 3,110 | 734 | |||||||||||||||
Other income (loss) | 169 | 60 | 63 | (25 | ) | 71 | ||||||||||||||
Income including noncontrolling interests before interest and taxes | 5,869 | 797 | 1,182 | 3,085 | 805 | |||||||||||||||
Interest and related charges | 832 | 232 | 229 | 188 | 183 | |||||||||||||||
Income before taxes | 5,037 | 565 | 953 | 2,897 | 622 | |||||||||||||||
Income taxes | 2,057 | 254 | 374 | 1,134 | 295 | |||||||||||||||
Income from continuing operations including noncontrolling interests | 2,980 | 311 | 579 | 1,763 | 327 | |||||||||||||||
Income (loss) from discontinued operations, net of tax | (155 | ) | (8 | ) | 0 | 2 | (149 | ) | ||||||||||||
Noncontrolling interests | 17 | 5 | 4 | 4 | 4 | |||||||||||||||
Net Income attributable to Dominion | $ | 2,808 | $ | 298 | $ | 575 | $ | 1,761 | $ | 174 | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Consolidated reported earnings per share | $ | 4.76 | $ | 0.51 | $ | 0.98 | $ | 2.98 | $ | 0.29 | ||||||||||
Notes:
• | Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas |
• | Other = Other Taxes - Other Income |
• | Figures may not add due to rounding |
Page 5 of 6
Dominion
Unaudited Supplemental Summary of 2010 Operating Earnings
(millions, except per share amounts)
12 Months Ended 12/31/10 | Quarter ended 12/31/10 | Quarter ended 09/30/10 | Quarter ended 06/30/10 | Quarter Ended 03/31/10 | ||||||||||||||||
THIS SCHEDULE PRESENTS MEASURES OF OPERATING EARNINGS THAT EXCLUDE CERTAIN ITEMS THAT ARE INCLUDED IN GAAP. PLEASE REFER TO THE PRECEDING PAGE FOR THE GAAP EQUIVALENT OF THIS SCHEDULE |
| |||||||||||||||||||
Corporate and Other1 | ||||||||||||||||||||
Operating revenue | $ | 737 | $ | 177 | $ | 166 | $ | 164 | $ | 230 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 6 | 1 | 2 | 1 | 2 | |||||||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | 711 | 164 | 173 | 154 | 220 | |||||||||||||||
Depreciation, depletion and amortization | 30 | 7 | 7 | 8 | 8 | |||||||||||||||
Other | (67 | ) | (11 | ) | (17 | ) | (18 | ) | (21 | ) | ||||||||||
Earnings including noncontrolling interests before interest and taxes | 57 | 16 | 1 | 19 | 21 | |||||||||||||||
Interest and related charges | 494 | 141 | 143 | 111 | 99 | |||||||||||||||
Income taxes | (194 | ) | (51 | ) | (59 | ) | (44 | ) | (40 | ) | ||||||||||
Noncontrolling interests | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Operating earnings contribution | ($243 | ) | ($74 | ) | ($83 | ) | ($48 | ) | ($38 | ) | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Operating earnings per share contribution | ($0.41 | ) | ($0.13 | ) | ($0.14 | ) | ($0.08 | ) | ($0.06 | ) | ||||||||||
Total Segment Eliminations and Adjustments | ||||||||||||||||||||
Operating revenue | ($1,311 | ) | ($325 | ) | ($271 | ) | ($317 | ) | ($398 | ) | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | (496 | ) | (129 | ) | (86 | ) | (131 | ) | (150 | ) | ||||||||||
Purchased electric capacity | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other operations and maintenance | (815 | ) | (196 | ) | (185 | ) | (186 | ) | (248 | ) | ||||||||||
Depreciation, depletion and amortization | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Other | 90 | 18 | 21 | 22 | 29 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | (90 | ) | (18 | ) | (21 | ) | (22 | ) | (29 | ) | ||||||||||
Interest and related charges | (90 | ) | (18 | ) | (21 | ) | (22 | ) | (29 | ) | ||||||||||
Income taxes | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Noncontrolling interests | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Operating earnings contribution | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Operating earnings per share contribution | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Dominion Total1 | ||||||||||||||||||||
Operating revenue | $ | 15,165 | $ | 3,753 | $ | 3,950 | $ | 3,336 | $ | 4,126 | ||||||||||
Expenses: | ||||||||||||||||||||
Commodity purchases | 6,195 | 1,486 | 1,547 | 1,342 | 1,820 | |||||||||||||||
Purchased electric capacity | 453 | 120 | 116 | 109 | 108 | |||||||||||||||
Other operations and maintenance | 3,164 | 983 | 775 | 686 | 720 | |||||||||||||||
Depreciation, depletion and amortization | 1,055 | 261 | 263 | 262 | 269 | |||||||||||||||
Other | 322 | 81 | 61 | 74 | 106 | |||||||||||||||
Earnings including noncontrolling interests before interest and taxes | $ | 3,976 | $ | 822 | $ | 1,188 | $ | 863 | $ | 1,103 | ||||||||||
Interest and related charges | 832 | 232 | 229 | 188 | 183 | |||||||||||||||
Income taxes | 1,156 | 219 | 352 | 245 | 340 | |||||||||||||||
Noncontrolling interests | 17 | 5 | 4 | 4 | 4 | |||||||||||||||
Consolidated operating earnings attributable to Dominion | $ | 1,971 | $ | 366 | $ | 603 | $ | 426 | $ | 576 | ||||||||||
Average shares outstanding, diluted | 590.1 | 582.1 | 586.4 | 591.4 | 600.9 | |||||||||||||||
Consolidated operating earnings per share | $ | 3.34 | $ | 0.63 | $ | 1.03 | $ | 0.72 | $ | 0.96 | ||||||||||
1) | For detail on items excluded from operating earnings, visit Dominion’s Investor Relations website at www.dom.com/investors under “GAAP” Reconciliation”. |
Notes:
• | Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas |
• | Other = Other Taxes - Other Income |
• | Figures may not add due to rounding |
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