Dominion Resources: Cove Point LNG Project

What was the estimated cost of converting the Cove Point facility into an export terminal?

• 3.6b

• 2.4b

• 4.5b

• 5.1b

What was Dominion’s target credit rating to maintain during financing?

• BBB+

• AA

• A-

• CCC

Which of the following is NOT a key issue Dominion faced with Cove Point?

• Risk of credit downgrade

• Potential shareholder dilution

• High capital intensity

• Shortage of natural gas

Which financing strategy did we recommend in the presentation?

• $2B Equity + $1.6B Debt

• All Debt

• $3B Equity + $0.6B Debt

• Cancel the project

What value was Cove Point expected to generate by 2018?

• $200 million in NOPAT

• $300 million in EPS

• $600 million in revenue

• $100 million in NOPAT