Dominion eyes $100M of expense reductions to offset negative Q1 impacts, slow load growth

摘要

Dominion Resources Inc., after seeing weather-normalized salesngrowth of only about 1% in the first quarter, plans to reduce its 2013noperating expenses by about $100 million from originally plannednlevels, Executive Vice President and CFO Mark McGettrick announcednduring the company’s first-quarter earnings call April 25. The reductionnefforts are being made to offset the higher storm and marginnevents in the first quarter and protect against any potential shortfallnin the company’s sales expectations for the year, the CFO said.