1. Dominion Update
May 2016

2. Residential Rates Remain Very Competitive
Residential Rate Comparison, Typical Monthly Bills, 1,000 kWh
As of May 2016, Dominion’s typical residential bill is 9.7% below the VA statewide average, 14% below the national average, 17.1% below the D.C. regional average, 23.6% below the East Coast average, and 32.3% below the RGGI states average. ^^ † ^ *
*DVP bill: Rates effective May 2016.
^^VA Average: VA State Corporation Commission Report (Sept. 2015) for rates effective July 1, 2015; latest data available. Includes co-ops, IOUs.
†D.C. Regional Average: DVP (May 2016), Baltimore Gas & Electric, Potomac Electric (D.C.), Potomac Electric (Montgomery Co.), and Potomac Electric (Prince George’s Co.).
^ RGGI (Regional Greenhouse Gas Initiative) states include CT, DE, ME, MD, MA, NH, NY, RI and VT
Source: Edison Electric Institute, Typical Bills and Average Rates Report: Winter Rates effective Jan. 1, Annualized, monthly residential bills, 1,000 kWh usage.

3. Industrial Rates Remain Extremely Competitive
Industrial Rate Comparison, average rate per kilowatt-hour, 1,000 kW demand and 650,000 kWh usage
As of May 2016, Dominion’s typical industrial rate is 17.4% below the Southeast Peer Group average, 30.5% below the national average, 41.2% below the East Coast average, and 47.2% below the RGGI states average.
(¢/kWh) † ^
* DVP bill: Rates effective May 2016
†Southeast Peer Group: AL Power, Duke (NC), Duke (SC), Entergy MS, FPL, GA Power, Gulf Power, MS Power, Duke Energy Progress (NC), Duke Energy Progress (SC),
Duke Energy Florida, SCE&G, TECO, Kentucky Utilities, and Louisville Gas & Electric
^ RGGI (Regional Greenhouse Gas Initiative) states include CT, DE, ME, MD, MA, NH, NY, RI and VT
Source: Edison Electric Institute, Typical Bills and Average Rates Report : Winter Rates effective Jan. 1, Annualized, monthly industrial bills, 1,000 kW demand & 650,000 kWh usage.

4. 2014 Electricity Import/Exports by StateVA

5. Dominion Generation Utility Generation Resources
CAPACITY (19,829 MW)
Dominion Generation
80% of Virginia’s electric energy needs
70% of Virginia’s electric energy CO2 emissions
The Fastest growing electric service territory in PJM
Richmond
Washington D.C.
Hampton Roads VA NC
Fuel diversity generation mix

6. Clean Power Plan MASS basis
Dominion Generation – 2016 IRP Capacity Resource Plans (Years )
Clean Power Plan MASS basis
Clean Power Plan
INTENSITY basis
3-5% higher than Base
21-35% higher than (or 7x higher than existing only)
330 mw DSM
12 mw Wind
Incremental NPV cost
$ 5.1 B = Dual rate
$ 6.0 B = State rate
$ 5.6 B = Existing only
$12.8 B = existing + new
Steam : 1,305 lb/mwh
NGCC: lb/mwh
VA: lb/mwh
NC: 1,136 lb/mwh
WV: 1,305 lb/mwh
VA: ~27 M tons
NC: ~51 M tons
WV: ~51 M tons
VA: ~28 M tons
NC: ~52 M tons
WV: ~52 M tons
Gas is a integral component in all plans

7. Coal ash pond closure Result of 2015 EPA regulations
EPA rule requires closure of coal ash ponds in one of three ways. Regardless of closure method, dewatering process is still necessary.
Closure in place,
Removal for beneficial reuse,
Offsite disposal in a landfill.
Closing ash ponds in place is the optimal solution:
Fully protective of human health and the environment;
Reduces the need for more than 1.5 million heavy truck trips or expensive rail transportation to move ash offsite.

8. Water discharged (required under any closure option) will be treated and tested before release
To properly close the coal ash ponds, we will carefully treat, test and then discharge the water.
Water quality test results will be available to the public on our website.
Permits are fully protective of Water Quality Standards supporting all current beneficial uses.
Discharge rate of 1,500 gpm vs 5.5 million gpm

9. Comparison of Removal Options
Facility
Pond
Amount of CCRs
(Cu Yards)
Total Truckloads
Difference
($MM)*
Plan Time Difference (Years)
Bremo
East Pond
2,000,000
138,240
$244.90
2.25
North Pond
3,700,000
224,640
$391.90
4.3
West Pond
300,000
25,920
$89.60
0.75
Chesapeake
Bottom Ash Pond
70,000
7,560
$100.80
-0.25
Landfill
1,000,000
60,480
2.0
Historic Peninsula
191,520
$685.00
9.5
Chesterfield
Lower Pond
750,000
69,120
$76.40
-1.0
Upper Pond
12,500,000
699,840
$1,124.20
10.4
Possum Point
A ,B and C Ponds
20,160
$29.50
0.5
D Pond
2,600,000
151,200
$409.00
5.75
E Pond
50,400
$65.60
0.9
Totals
25,970,000
1,639,080
$3,217
* Estimated costs are preliminary only and include +/- 50% adjustment factor

10. Growth in Demand for Natural Gas in VA and NC (in billion ft3/day)
By 2025, the U.S. Census Bureau predicts a population increase of:
 1.8M in Virginia  2.1M in North Carolina

11. Atlantic Coast Pipeline project details
Length: Approximately 600 miles
Pipe: VA/West Virginia: 42-inch diameter
North Carolina: 36-inch diameter
Hampton Roads: 20-inch diameter
Capacity: 1.5 billion cubic feet/day
Three compressor station locations:
Lewis County, WV
Buckingham County, VA
Northampton County, NC
Route: Since the initial preferred route was filed in Sept. 2015, additional route alternatives have been studied, filed and adopted

12. Economic Analysis* VIRGINIA
Total capital expenditures (VA): $2.5 billion
During Construction
Economic activity: $1.4 billion total
Jobs created: 8,800
Local tax revenue: $2.4 million annually
During Operation
Energy cost savings: $243 million annually
Economic activity: $37.8 million annually
Jobs (direct/indirect): 1,300
Local tax revenue: $10.4 million annually
ACP will have significant economic impacts in Virginia.
282 miles of pipeline through 13 counties
* Analysis provided by ICF International, Chmura Economics & Analysis, and Dominion Resources.

13. Intensity-Based (Rate) Compliance Mass-Based Compliance
Virginia developing plan for compliance
Intensity-Based (Rate) Compliance
lbs CO2/MWh
Mass-Based Compliance
Cap and Trade Model
Tonnage Cap
Option 1
Intensity (rate) cap based on generation type
771 lbs/MWh gas units
1305 lbs/MWh coal units
Option 4
Emission cap for existing units only
27.4 million tons
Option 2
Statewide average intensity (rate) cap
934 lbs/MWh units
Option 5
Emission cap for existing and all future units
27.8 million tons
Approx. 1.4% total increase allowed (not per year)
Proposed in June 2014; finalized(pre-publication) in August 2015; published in Federal Register on October 23, 2015.
#5 provides for just 1.4% growth - - includes all future units and could have negative consequences from economic growth standpoint.
4-5 likely easier to administer – EPA pushing states to these
EPA will administer mass based programs for states, states have to administer rate-based programs on their own
Trading is available in all options with state with like plans.
Option 3
Unique statewide average intensity (rate) cap not to exceed state limit
Less than 934 lbs/MWh units
Option 6
Unique statewide cap not to exceed state limit

14. 9/13/2018
US EPA Clean Power Plan Final Rule Compliance timeline with rate-based example
Final Rules remain very challenging for Virginia because of new provisions not included in the proposed rule
Final Rule
37%
Draft Rule
38%
2012
2016
2018
2020
2022
2025
2028
2030
Baseline
Initial State Plan Due
Final
State Plan Due
Final Goal Adherence
Draft: 1 interim goal (2020)
Final: 3 interim goals ( , , )

15. Commitment to renewable energy in Virginia In addition to other renewable energy sources, 400 megawatts of solar / 15