Dominion Retail Reports Lower Earnings, Customer Count

Dominion Retail reported $51 million in earnings including noncontrolling interests before interest and taxes for the quarter ending December 31, 2011, down from $65 million a year ago, parent Dominion reported Friday.

For the year 2011, Dominion Retail EBIT was $141 million, up from $130 million in 2010.

For the three months ended December 31, 2011, Dominion Retail had an average of 2.150 million customers, versus an average of 2.181 million customers for the quarter ending September 30, 2011, and 2.095 million for the quarter ending December 31, 2010.

Dominion Retail's average electric customer count was 737,000 for the three months ended December 31, 2011, down from 773,000 for the three months ended September 30, 2011, and 766,000 for the three months ended December 31, 2010.

Dominion Retail's average natural gas customer count was 549,000 for the three months ended December 31, 2011, down from 557,000 for the three months ended September 30, 2011, and 564,000 for the three months ended December 31, 2010.

Dominion Retail's average Products and Services customer count was 863,000 for the three months ended December 31, 2011, up from 850,000 for the three months ended September 30, 2011, and 765,000 for the three months ended December 31, 2010.

Electric volumes for Dominion Retail were 2.198 million MWh for the quarter ending December 31, 2011, versus 3.212 million MWh a year ago.

Dominion Retail gas volumes were 23,794 mmcf for the quarter ending December 31, 2011, versus 30,080 mmcf a year ago.

Operating revenue for Dominion Retail for the quarter ended December 31, 2011 was $460 million.