Dominion Retail EBIT Lower

Dominion Retail reported EBIT of $14 million for the third quarter of 2010, versus $19 million a year ago.

Operating revenue at Dominion Retail was $453 million for the third quarter of 2010.

Dominion Retail saw a net gain of about 25,000 in its average customer count versus June 30, 2010, and a gain of 325,000 versus the year-ago period.

For the three months ending September 30, 2010, average customer count was 2.072 million, up from 2.046 million for the three months ending June 30, 2010 and 1.747 million a year ago.

Average customer count by product is below:

Product Q3 '10 Q2 '10 Q3 '09
Natural Gas 572,136 586,052 634,827
Electric 750,003 740,850 451,927
Products and Services 749,986 718,949 660,095

Quarterly volumes for Dominion Retail were:
Q3 '10 Q3 '09
Natural Gas (mmcf) 10,520 9,469
Electricity (MWh) 3,875,625 2,461,261

Dominion's merchant generation segment recorded EBIT of $319 million versus $371 million a year ago.