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Cove Point Liquefaction project 67% complete

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LNG Industry,

Dominion Resources has announced its unaudited reported earnings for 2Q16, reporting earnings of US$452 million (US$0.73 per share), compared to US$413 million (US$0.70 per share) in 2Q15. The company reported operating earnings of US$441 million (US$0.71 per share) for 2Q16, compared to US$429 million (US$0.73 per share) in 2Q15.

The Chairman, President and CEO of the company, Thomas F. Farrell II, said: “Our second-quarter operating earnings were in the upper half of our guidance range of US$0.65 to US$0.75 per share.

"Strong operational and safety performance continued in the second quarter. In addition, several milestones were reached in our growth projects. The 1385 MW Brunswick County Power Station commenced commercial operations in April, ahead of schedule and under budget. We also began construction on the 1588 MW Greensville County combined cycle power station. We are looking forward to getting this state-of-the-art power station operating and providing energy to more than 400 000 customers.

"The Cove Point Liquefaction project is now 67% complete and continues on time and on budget for a late 2017 in-service date. We continue to work toward the construction of the Atlantic Coast Pipeline and the related Supply Header project with an expected completion date of late 2018.”

Edited from press release by David Rowlands

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