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Energy provider Dominion's 2Q profit falls

Published on NewsOK Modified: August 6, 2013 at 10:30 am •  Published: August 6, 2013
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Dominion also affirmed its full-year operating earnings guidance of between $3.20 and $3.50 per share. Analysts expect adjusted earnings of $3.35 per share.

Construction is proceeding on a 1,329-megawatt gas-fired combined cycle plant in Warren County and is on schedule to start operating in late 2014, Dominion said. It also plans to have a similar facility in Brunswick County to be in service in mid-2016. Conversions from coal to biomass at several of its power stations also are under way.

Dominion Resources, one of the nation's largest producers and transporters of energy, has a portfolio of about 27,500 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,300 miles of electric transmission lines. It also operates one of the nation's largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves retail energy customers in 15 states.

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Michael Felberbaum can be reached at http://www.twitter.com/MLFelberbaum.