Dominion Power 2006 Annual Report Download - page 106

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NOTE 30. QUARTERLY FINANCIAL AND COMMON STOCK DATA (UNAUDITED)
Asummary of our quarterly resultsof operations forthe years ended December 31, 2006 and 2005 follows. Amounts reflect all adjust-
ments necessary in the opinion of management forafair statement of the results forthe interim periods. Results forinterim periods may
fluctuate as aresult of weather conditions, changes in rates and other factors. As described in Note 9, we reported the operations of the
Peaker facilities as discontinued operations beginning in the fourth quarter of 2006. Prior quarters for 2006 and 2005 have been recast to
conform to this presentation. All differences between amounts presented below and those previouslyreported in our Quarterly Reports on
Forms 10-Q during2006 and 2005 are aresult of reporting the results of operations of the Peaker facilities as discontinued operations.
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Full Year
(millions, except per shareamounts)
2006
Operating revenue $4,951 $ 3,548 $ 4,016 $ 3,967 $16,482
Income from operations 961 483 1,297 604 3,345
Income from continuing operations 539 167 658 199 1,563
Loss from discontinued operations (5) (6) (4) (168) (183)
Net income 534 161 654 31 1,380
Basic EPS:
Income from continuing operations 1.56 0.48 1.87 0.57 4.47
Loss from discontinued operations (0.02) (0.02) (0.01) (0.48) (0.52)
Net income 1.54 0.461.86 0.09 3.95
Diluted EPS:
Income from continuing operations 1.55 0.48 1.860.56 4.45
Loss from discontinued operations (0.02) (0.02) (0.01) (0.47) (0.52)
Net income 1.53 0.46 1.85 0.09 3.93
Dividends paid per share0.69 0.69 0.69 0.69 2.76
Common stock prices (high-low) $80.42-$76.02-$81.42-$84.44-$84.44-
68.88 68.72 74.44 76.04 68.72
2005
Operating revenue $4,730 $ 3,634 $ 4,533 $5,074 $17,971
Income from operations 875 704 181 673 2,433
Income from continuing operations before cumulative effect of
change in accounting principle 433 337 11 266 1,047
Income(Loss)from discontinued operations (4) (5) 4 (3) (8)
Cumulative effect of change in accounting principle ———(6) (6)
Net income 429 332 15 2571,033
Basic EPS:
Income from continuing operations before cumulative effect of
change in accounting principle 1.27 0.99 0.03 0.77 3.06
Income (Loss)from discontinued operations (0.01) (0.01) 0.01 (0.01) (0.02)
Cumulative effect of change in accounting principle ———(0.02) (0.02)
Net income 1.26 0.98 0.04 0.74 3.02
Diluted EPS:
Income from continuing operations before cumulative effect of
change in accounting principle 1.26 0.99 0.03 0.77 3.04
Income (Loss)from discontinued operations (0.01) (0.02) 0.01 (0.01) (0.02)
Cumulative effect of change in accounting principle ———(0.02) (0.02)
Net income 1.25 0.97 0.04 0.74 3.00
Dividends paid per share0.67 0.67 0.67 0.67 2.68
Common stock prices (high-low) $76.01-$76.87-$86.87-$86.97-$86.97-
66.51 67.75 72.15 73.5066.51
DOMINION2006 Annual Report 105