Bill MurrayDominion

November 8, 2010

Energy Panel

44%

1%

42%

12%

1%

CoalOilNuclearNatural GasHydro/Biomass/Other

2009 Electric Production by Fuel*

Diverse Generation MixDiverse Generation Mix

*Total production by regulated units. Excludes non-utility generation (NUG) under contract.

3

Dominion Virginia Power Emissions Reductions1998-2008 Actual Emissions

2010, 2015 Projected Emissions

Dominion Virginia Power Emissions Reductions1998-2009 Actual Emissions 2010-2015 Projected Emissions

Dominion Virginia Power Emissions Reductions1998-2009 Actual Emissions 2010-2015 Projected Emissions

Projected Timeline for Environmental Regulatory Requirements for Utilities Projected Timeline for Environmental Regulatory Requirements for Utilities

24,000

26,000

22,000

28,000

Existing generating capacity

Needed additional capacity (assuming import ratio of 34% maintained)

2010 2020

Sources: PJM long-range forecast, January 2010Virginia Energy Plan, September 2010

Virginia’s “energy gap”

7,200 MW by 2020

Demand for Electricity Continues to Grow Demand for Electricity Continues to Grow

30,000

Megawatts (MW)

Megawatts (MW)

18,000

20,000

16,000

22,000

Existing generating capacityExpected peak demand

2010 2020

Source: PJM long-range forecast, January 2010

Dominion’s “energy gap”

5,600 MW by 2020

Demand for Electricity Continues to Grow Demand for Electricity Continues to Grow

Source: Energy Information Administration, Short-Term Energy Outlook, Electricity, Power Generation Fuels Costs.

Natural Gas Pricing Natural Gas Pricing

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1

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2

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3

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08

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8

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9

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10

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6

8

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14Natural Gas Prices for Electricity Generation

Monthly Average 2000-2010(Dollars per million Btu)

Renewable EnergyRenewable Energy

• More than 1,600 MW of renewable capacity operational or under development

– Operational• NedPower Wind

(132 MW in Mt. Storm, WV)• Pittsylvania Biomass

(80 MW in Hurt, VA)• Gaston/Roanoke Rapids Hydro

(315 MW in Roanoke Rapids, NC) – Under Development

• VCHEC Biomass(Wise County, VA)

• Solar Project(Halifax County, VA)

• Virginia Wind (Western Virginia)

• Played significant role in reducing summer 2010 peak (300 MW)

• Significant strides, especially in “smart” technology– Pilots in Chesterfield,

Charlottesville, Northern Virginia

• Five Dominion programs underway in Virginia

– Lighting programs for residential and commercial customers

– Low income energy audits– Air conditioner control– Commercial HVAC rewards

Conservation /Demand Management Conservation /Demand Management

• Considering additional nuclear unit at North Anna

• Dominion natural gas plans include:

– Bear Garden• 650 workers on site

– Warren County – Conversion of Bremo Bluffs Power Station

• VCHEC operational in 2012, will burn coal, waste coal, and biomass– More than 2,000 workers on site

Traditional GenerationTraditional Generation

• Dominion Virginia Power (DVP) is one percent of the VA economy

• 80 percent plus reductions in DVPair emissions

• 5600 MW of new capacity needed

• 1600 MW of renewables in service or in development

• 2700 workers employed building two new power plants

Key NumbersKey Numbers