8-KEarnings & ResultsExhibits & Filings

DOMINION ENERGY, INC 8-K Report, Financial Results (Feb 26, 2010)

Filed February 26, 2010For Securities:D

Summary

Dominion Resources, Inc. (now Dominion Energy, Inc.) filed this Form 8-K on February 26, 2010, to report a reduction in its reported GAAP earnings for the twelve months ended December 31, 2009. This adjustment stems from a stipulated settlement agreement that was filed with the Virginia State Corporation Commission on the same date. The company furnished a press release and revised earnings materials to provide details on this earnings reduction and its supplemental schedules. Investors should note that this filing primarily concerns a retrospective adjustment to previously reported financial results. While the specific details of the settlement are not fully elaborated within the 8-K itself, the accompanying exhibits would contain the crucial information regarding the nature and magnitude of the earnings revision. This event signifies a reconciliation of reported figures, potentially due to regulatory matters or accounting adjustments, and investors would need to review the furnished exhibits for a comprehensive understanding of the financial impact.

Key Highlights

  • 1Report of reduced GAAP earnings for the 12 months ended December 31, 2009.
  • 2Reduction in earnings is linked to a stipulated settlement agreement filed with the Virginia State Corporation Commission.
  • 3The settlement agreement was filed on February 26, 2010.
  • 4Company furnished a press release and revised Earnings Release Kit as exhibits.
  • 5The filing includes supplemental schedules detailing the earnings reduction and segment operating results for 2009.

Frequently Asked Questions

Dominion Resources, Inc. (now Dominion Energy, Inc.) filed this 8-K to report a reduction in its reported GAAP earnings for the fiscal year 2009, which is a result of a stipulated settlement agreement filed with the Virginia State Corporation Commission.

The filing indicates a reduction in reported GAAP earnings for the 12 months ended December 31, 2009. The exact magnitude and details of this reduction would be found in the press release and revised earnings materials (Exhibits 99.1-99.4) furnished with this report.

More detailed information can be found in the exhibits attached to this Form 8-K filing, specifically the press release dated February 26, 2010 (Exhibit 99.1), the revised Earnings Release Kit (Exhibit 99.2), and the supplemental schedules of 2009 operating results (Exhibits 99.3 and 99.4).