UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the Calendar Quarter Ended September 30, 2003
Dominion Resources, Inc.
Consolidated Natural Gas Company
120 Tredegar Street
Richmond, Virginia 23219
(Address of principal executive offices)
Table of Contents
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Page |
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Item 1. |
2 |
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Item 2. |
Issuances and Renewals of Securities and Capital Contributions |
7 |
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Item 3. |
9 |
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Item 4. |
11 |
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Item 5. |
12 |
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Item 6. |
12 |
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Page 2
ITEM 1 - ORGANIZATION CHART
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% of Voting Securities Held |
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Dominion Resources, Inc. ("DRI")(a) |
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Dominion Alliance Holding, Inc. ("DAH") |
Energy Related |
11/2000 |
Delaware |
100% |
Held an investment in Bridgeco for the purpose of developing the infrastructure necessary to operate the Alliance regional transmission organization. |
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Dominion Energy Technologies, Inc. ("DETI") |
Energy Related |
4/2001 |
Virginia |
100% |
Holds venture investments in energy technology companies. |
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Dominion Ohio ES, Inc. ("DOES") |
Energy Related |
5/2001 |
Ohio |
100% |
Provides engineering, construction and other services. |
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Dominion Technical Solutions, Inc. ("DTECH") |
Energy Related |
4/2002 |
Virginia |
100% |
Provides engineering, construction and other services. |
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Page 3
ITEM 1 - ORGANIZATION CHART (CONTINUED)
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% of Voting Securities Held |
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Dominion Resources, Inc. ("DRI") (a) |
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Dominion Energy, Inc. ("DEI") (a) |
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Dominion Energy Exchange, Inc. ("DEE") |
Energy Related |
9/2000 |
Virginia |
100% |
Owns an interest in EIP Holdings, LLC ("EIP") which owns 66.34% of TradeSpark, LP, an electronic and telephonic marketplace for transactions in natural gas, electricity and other fuels.(b) |
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Dominion Cleveland Thermal, Inc. ("DCT") |
Energy Related |
10/2000 |
Ohio |
100% |
Produces steam and chilled water for retail customers in the Cleveland, Ohio area. |
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Dominion Energy Marketing, Inc. ("DEMI") |
Energy Related |
9/2000 |
Delaware |
100% |
Engages in the sale of energy on a portfolio basis. |
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Dominion Wagram, Inc. ("Wagram") |
Energy Related |
12/2001 |
North Carolina |
100% |
Holds contracts pertaining to a steam plant facility in Wagram, NC that serves Westpoint Stevens. |
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Dominion Energy Terminal Company, Inc. ("DETC") |
Energy Related |
2/2003 |
Virginia |
100% |
Holder of 20% General Partnership interest in Dominion Terminal Associates. Primarily engages in coal terminal services. |
Page 4
ITEM 1 - ORGANIZATION CHART (CONTINUED)
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% of Voting Securities Held |
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Dominion Resources, Inc. ("DRI")(a) |
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Dominion Energy, Inc. ("DEI")(a) |
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Dominion Storage, Inc. ("DSI")(a) |
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Dominion Energy Canada Limited ("DECL")(a) |
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Dominion Energy Clearinghouse Canada, Inc. ("DECCI") |
Energy Related |
11/2002 |
Alberta, Canada |
100% |
Trading, hedging and marketing of production for Canadian operations. |
Page 5
ITEM 1 - ORGANIZATION CHART (CONTINUED)
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% of Voting Securities Held |
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Dominion Resources, Inc. ("DRI")(a) |
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Consolidated Natural Gas |
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Dominion Field Services, Inc. ("Field Services") |
Gas Related |
3/1977 |
Delaware |
100% |
Engages in activities involving Appalachian natural gas supply, including gathering and administration of supply contracts. |
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Dominion Iroquois, Inc. (a) |
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Iroquois Gas Transmission System, L.P. ("Iroquois") |
Gas Related |
12/1989 |
Delaware Partnership |
24.72% |
Owns and operates an interstate natural gas pipeline that transports Canadian gas to utilities and power generators in New York and New England. |
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Dominion Greenbrier, Inc. ("Greenbrier") |
Gas Related |
11/2000 |
Virginia |
100% |
Owns 67% of Greenbrier Pipeline Company, LLC. (c) |
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Dominion Oklahoma Texas Exploration & Production, Inc. ("DOTEPI") |
Gas Related |
9/2001 |
Delaware |
100% |
Engages in natural gas and oil exploration and production. |
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Dominion Exploration Mid-Continent, Inc. ("DEMCI") (d) |
Gas Related |
4/1977 |
Oklahoma |
100% |
Engages in natural gas and oil exploration and production. |
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LDNG Texas Holdings, Inc. ("LDNG") |
Gas Related |
10/1996 |
Oklahoma |
100% |
Holding company. |
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Stonewater Pipeline Company of Texas, Inc. ("SPCTI") |
Gas Related |
10/1996 |
Texas |
100% |
Holds pipeline. |
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Dominion Gas Marketing, Inc. ("DGMI") (e) |
Gas Related |
4/1991 |
Delaware |
100% |
Engages in natural gas and oil exploration and production. |
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Page 6
ITEM 1 - ORGANIZATION CHART (CONTINUED)
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% of Voting Securities Held |
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Dominion Resources, Inc. ("DRI")(a) |
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Consolidated Natural Gas |
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Dominion Natural Gas Storage, Inc. ("DNGS") |
Gas Related |
11/2001 |
Delaware |
100% |
Owns gas storage facilities, a brine pipeline and a gas interconnect pipeline. |
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Dominion Cove Point, Inc. ("Cove Point") |
Gas Related |
8/2002 |
Virginia |
100% |
Owns a liquefied natural gas import facility. |
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Dominion Transmission, Inc. ("DTI") (a) |
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Tioga Properties, LLC ("Tioga") |
Gas Related |
6/2002 |
Delaware |
100% |
Owns a developmental underground natural gas storage system. |
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(a) Directly or indirectly holds interests in energy-related or gas-related companies. |
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS (f) (g)
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Company issuing security (Borrower) |
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Person to whom issued |
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DTECH |
Short Term Note |
$ 1,216,000 |
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DRI |
- |
- |
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Cove Point |
Short Term Note |
$38,283,000 |
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DRI |
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Tioga |
Short Term Note |
$27,000 |
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DRI |
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Company |
Company |
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DOTEPI |
DEMCI |
Common Stock of $1,000 and Capital Contribution of $142,277,062 |
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DOTEPI |
DGMI |
Capital Contribution of $5,466,077 |
(f) The chart reflects net advances made by Lenders to Borrowers during the third quarter of 2003. Advances are evidenced by book entries and were made pursuant to Rule 52. See also the DRI Form U-6B-2 filed for the third quarter of 2003.
Page 8
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS (continued)
(g) All of the following DRI Money Pool activity occurred from July through September 2003 for the participating energy-related and gas-related companies included in this U-9C-3.
DRI Money Pool
(In Thousands)
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Beginning |
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Ending |
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Field Services |
$24,753 |
$143,516 |
$156,555 |
$37,792 |
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Dominion Iroquois |
4,826 |
2,453 |
2,115 |
4,488 |
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Greenbrier |
(18,610) |
65 |
0 |
(18,675) |
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DOTEPI |
(262,516) |
253,609 |
426,427 |
(89,698) |
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DNGS |
(17,857) |
418 |
0 |
(18,275) |
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DAH |
(9,077) |
20 |
2,691 |
(6,406) |
Additionally, as of September 30, 2003 there remained outstanding the following guarantees and letters of credit.
Guarantees
(In Thousands)
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Company |
Guarantor |
Amount |
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Field Services |
CNG |
$178,600 |
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DOTEPI |
CNG |
305,700 |
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DNGS |
CNG |
265 |
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Cove Point |
CNG |
589 |
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Greenbrier |
DRI |
287,537 |
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DEMI |
DRI |
527,850 |
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DECCI |
DRI |
50,423 |
Page 9
ITEM 3 - ASSOCIATE TRANSACTIONS
Part I - Transactions Performed by Reporting Companies on Behalf of Associate Companies (h)
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Types of Services Rendered |
Direct |
Indirect |
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Total |
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DOES |
Dominion Equipment, Inc. (i) |
Engineering Services |
$9,629 |
0 |
0 |
$9,629 |
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DTECH |
Fairless Energy, LLC (j) |
Engineering Services |
$225,769 |
0 |
0 |
$225,769 |
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DTECH |
Dresden Energy, LLC (j) |
Engineering Services |
$132 |
0 |
0 |
$132 |
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DTECH |
Pleasants Energy, LLC (k) |
Engineering Services |
$7,321 |
0 |
0 |
$7,321 |
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Field Services |
Dominion Transmission, Inc. (l) |
Sales of Extracted Products, & Rental fees |
$2,278,577 |
0 |
0 |
$2,278,577 |
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Field Services |
Dominion Exploration & Production, Inc. (m) |
Fuel Management Services |
$43,421 |
0 |
0 |
$43,421 |
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Field Services |
Dominion Appalachian Development Properties, LLC (n) |
Fuel Management Services |
$16,103 |
0 |
0 |
$16,103 |
(h) As per Rules 80 and 81, natural gas supply, storage or transportation capacity transactions are not reported hereunder. Services provided by or to Dominion Resources Services, Inc. ("DRS") are billed pursuant to standard at-cost service agreements between DRS and Dominion Resources, Inc. subsidiaries. Information with respect to transactions under such agreements is not provided in this report, but is provided by Form U-13-60.
(i) Services provided by DOES to Dominion Equipment, Inc. are provided pursuant to service agreements dated June 1, 2001 in the form of Exhibit B to the DRI Form U-9C-3 filed for the fourth quarter of 2001.
(j) Services provided by DTECH to Dresden Energy, LLC and Dominion Equipment III, Inc. as agent for Fairless Energy, LLC are provided pursuant to service agreements dated August 1, 2002 in the form of Exhibits D and E respectively, to the DRI Form U-9C-3 filed for the third quarter of 2002.
(k) Services provided by DTECH to Pleasants Energy, LLC are provided pursuant to service agreements dated August 1, 2002 in the form of Exhibit B to the DRI Form U-9C-3 filed for the second quarter of 2003.
(l) Services provided by Field Services to DTI are provided pursuant to a service agreement dated April 23, 2001 in the form of Exhibit A(e) to the CNG Form U-9C-3 filed for the second calendar quarter of 2002.
(m) Services provided at cost.
(n) Services provided by Field Services to Dominion Appalachian Development, Inc. are provided pursuant to a service agreement dated May 1, 2002 in the form of Exhibit A(g) to the CNG Form U-9C-3 filed for the second calendar quarter of 2002.
Page 10
ITEM 3 - ASSOCIATE TRANSACTIONS (continued)
Part II - Transactions Performed by Associate Companies on Behalf of Reporting Companies (h)
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Types of Services Rendered |
Direct |
Indirect |
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Total |
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DTI |
Field Services (o) |
Operations & Maintenance Services |
$89,069 |
$74,102 |
0 |
$163,171 |
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DTI |
Greenbrier (p) |
Administration, Engineering, Operations & Maintenance Services |
$133,914 |
$4,576 |
0 |
$138,490 |
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DTI |
DNGS (q) |
Administration, Engineering, Operations & Maintenance Services |
$130,683 |
$270 |
0 |
$130,953 |
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DTI |
Dominion Cove Point LNG, LP (r) |
Engineering, Operations & Maintenance Services |
$927,873 |
$207,010 |
0 |
$1,134,883 |
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DTI |
Tioga (s) |
Administration, Engineering, Operations, Accounting, Marketing & Storage Services |
$9,847 |
$592 |
0 |
$10,439 |
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Dominion Exploration & Production, Inc. |
DOTEPI (t) |
Operations & Maintenance of Gas Properties |
$5,477,182 |
0 |
0 |
$5,477,182 |
(o) Services provided by DTI to Field Services are provided pursuant to agreements in the form of Exhibit A(i) to the CNG Form U-9C-3 filed for the second calendar quarter of 2002.
(p) Amount represents 100% of the services provided by DTI to Greenbrier Pipeline Company, LLC which is owned 33% by a non-affiliated entity. Services provided by DTI to Greenbrier are provided pursuant to a service agreement dated January 1, 2001, in the form of Exhibit B to the CNG Form U-9C-3 filed for the first calendar quarter of 2001.
(q) Services provided by DTI to DNGS are provided pursuant to a service agreement dated December 1, 2001 in the form of Exhibit A(l) to the CNG Form U-9C-3 filed for the third calendar quarter of 2002.
(r) Services provided by DTI to Dominion Cove Point LNG, LP are provided pursuant to a service agreement dated August 30, 2002 in the form of Exhibit A(m) to the CNG Form U-9C-3 filed for the third calendar quarter of 2002.
(s) A copy of the Service Agreement between DTI and Tioga Properties, LLC dated July 1, 2002 in the form of Exhibit A(o) to the CNG Form U-9C-3 filed for the fourth calendar quarter of 2002.
(t) Services provided by Dominion Exploration & Production, Inc. to DOTEPI are provided pursuant to a Market Services Agreement dated November 1, 2001 in the form of Exhibit A(k) to the CNG Form U-9C-3 filed for the second calendar quarter of 2002.
Page 11
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies (in thousands):
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Total consolidated capitalization of DRI as of September 30, 2003 |
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Total capitalization multiplied by 15% |
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Greater of $50 million or line 2 |
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$4,230,666 |
Line 3 |
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Total current aggregate investment: (categorized by major line of energy-related business) |
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Energy-related business by category |
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Category 2 |
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10 |
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Category 5 |
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578,195 |
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Category 6 |
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13,703 |
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Category 7 |
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8,683 |
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Category 9 |
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4 |
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Total current aggregate investment (v) |
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600,595 |
Line 4 |
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Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding system |
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3,630,071 |
Line 5 |
Investments in gas-related companies (in thousands):
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Total current aggregate investment: (categorized by major line of gas-related business) (w) |
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Gas exploration and production |
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2,378,843 |
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Gas sales and storage services |
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561,267 |
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Gas transportation |
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330,461 |
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$3,270,571 |
(u) Includes short-term debt of $1,754,851.
(v) Includes guarantees of $578,273.
(w) Includes guarantees of $772,691.
ITEM 5 - OTHER INVESTMENTS
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Major Line of Energy-Related Business |
Other Investment in Last U-9C-3 Report |
Other Investment in this U-9C-3 Report |
Reason for Difference in Other Investment |
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None.
A. Financial Statements
Balance sheets as of September 30, 2003 and income statements for the three-months and nine-months ended September 30, 2003 for the following companies are filed under confidential treatment pursuant to Rule 104(b):
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DEE |
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DAH |
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DETI |
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DCT |
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DOES |
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Wagram |
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DTECH |
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DEMI |
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Field Services |
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Greenbrier |
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DOTEPI |
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DNGS |
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Cove Point |
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Tioga |
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DETC |
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DECCI |
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DEMCI |
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DGMI |
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LDNG |
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SPCTI |
B. Exhibits
The certificate as to filing with interested state commissions is attached hereto as Exhibit A.
SIGNATURE
The undersigned registered holding companies have duly caused this quarterly report to be signed on their behalf by the undersigned attorney thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.
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DOMINION RESOURCES, INC. |
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/s/ James F. Stutts Its Attorney |
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CONSOLIDATED NATURAL GAS COMPANY |
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/s/ James F. Stutts Its Attorney |
Dated: November 14, 2003
Exhibit A
CERTIFICATE
The undersigned certifies that she is the duly designated and acting attorney of Dominion Resources, Inc., a Virginia corporation ("DRI") and Consolidated Natural Gas Company, a Delaware corporation ("CNG") and that:
The Combined Quarterly Report for DRI and CNG on Form U-9C-3 filed pursuant to Rule 58 for the quarter ended September 30, 2003 was filed with each state commission having jurisdiction over the retail rates of the public utility companies that are associate companies of any of the reporting companies.
The names and addresses of such state utility commissions are:
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Utilities Department |
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Executive Secretary |
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Secretary |
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Director, Public Utility Accounting |
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Chief Clerk |
IN WITNESS WHEREOF, I have hereunto set my hand as of the 14th day of November 2003.
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/s/ Sharon L. Burr |
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Sharon L. Burr |
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