Dominion Energy Kewaunee, Inc. Snm-2501 Dominion Nuclear Connecticut, Inc
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0V- Dominion Resources Services, Inc. 5000 Dominion Boulevard, Glen Allen, VA 23060 £# Dominion® April 27, 2006 U. S. Nuclear Regulatory Commission Se rial No.: 06-279 Attention: Document Control Desk NLLOS/MB Washington, DC 20555-0001 Dcocket Nos.: 50-280/281 50-338/339 50-245/3361423 50-305 72-16 72-2 Lic,ense Nos.: DPR-32/37 NPF-4/7 DPR-21/65 NPF-49 DPR-43 SNM-2507 DOMINION ENERGY KEWAUNEE, INC. SNM-2501 DOMINION NUCLEAR CONNECTICUT, INC. VIRGINIA ELECTRIC AND POWER COMPANY KEWAUNEE POWER STATION MILLSTONE POWER STATION UNITS 1. 2 & 3 NORTH ANNA POWER STATION UNITS 1 & 2 AND ISFSI SURRY POWER STATION UNITS 1 & 2 AND ISFSI SUBMISSION OF ANNUAL FINANCIAL REPORT Pursuant to 10 CFR 50.71 (b) and 10 CFR 72.80(b), attached are copies of the Annual Report to Securities and Exchange Commission on Form 10K for 2005 for Dominion Resources, Inc. and Virginia Electric and Power Company. If there are any questions, please contact Mr. Dave Sommers at (804) 273-2823. Very truly yours, Eugene S. Grecheck Vice President - Nuclear Support Services Attachments: Form 1Ok for 2005 for Dominion Resources, Inc. Form 1Ok for 2005 for Virginia Electric and Power Company Commitments made by this letter: None (KAcb)4 - - SN 06-279 2005 Annual Financial Report cc: U. S. Nuclear Regulatory Commission Region I .475 Allendale Road King of Prussia, PA 19406-1415 U. S. Nuclear Regulatory Commission Region II Sam Nunn Atlanta Federal Center '1 Forsyth St., SW, Suite 23 T85 Atlanta, GA 30303-8931 U. S. Nuclear Regulatory Commission Region IlIl 2443 Warrenville Road Suite 210 Lisle, IL 60532-4352 ,Mr. V. Nerses Senior Project Manager U. S. Nuclear Regulatory Commission One White Flint North 11555 Rockville Pike Mail Stop 8C2 Rockville, MD 20852-2738 Mr. A. B. Wang Project Manager U.S. Nuclear Regulatory Commission One White Flint North 11555 Rockville Pike Mail Stop 7E1 Rockville, MD 20852-2738 Mr. S. R. Monarque Project Manager U. S. Nuclear Regulatory Commission -One White Flint North 11555 Rockville Pike Mail Stop 8H12 Rockville, MD 20852-2738 i 1= SN 06-279 2005 Annual Financial Report Mr. D. H. Jaffe Project Manager U. S. Nuclear Regulatory Commission -One White Flint North 11555 Rockville Pike Mail Stop 7 D1 Rockville, MD 20852-2738 Mr. S. M. Schneider NRC Senior Resident Inspector Millstone Power Station /Mr. J. T. Reece NRC Senior Resident Inspector North Anna Power Station Mr. N. P. Garrett NARC Senior Resident Inspector Surry Power Station Mr. S. C. Burton N1RC Senior Resident Inspector Kewaunee Power Station Director, Spent Fuel Projects Office Office of Nuclear Material Safety and Safeguards 'i. S. Nuclear Regulatory Commission Washington, DC 20555-0001 Mr. J. E. Reasor, Jr. Old Dominion Electric Cooperative Innsbrook Corporate Center 4201 Dominion Blvd. Suite 300 Glen Allen, VA 23060 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) E1 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2005 OR D1 TRANSIrION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-08489 DOMINION RESOURCES, INC. (Exact name of registrant as specified in its charter) Virginia 54-1229715 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 120 Tredegar Street Richmond, Virginia 23219 (Address of principal executive offices) (Zip Code) (804) 819-2000 (Registrant's telephone number) Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange Title of Each Class on WN'hich Registered Common stock, no par value New York Stock Exchange 8.75% Equity income securities, $50 par New York Stock Exchange 8.4% Trust preferred securities, $25 par New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes IX No Ei Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes Li No ExI Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of tfe Secu- rities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes 1ZI No LI Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Fx1 Indicate by cdeck mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. Large accelerated filer [E Accelerated filer L Non-accelerated filer L Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes LiNo nX The aggregate market value of the common stock held by non-affiliates of the registrant was approximately $24.6 billion based on the closing price of Dominion's common stock as reported on the New York Stock Exchange as of the last day of the registrant's most recently completed second fiscal quarter. As of February 1,2006, Dominion had 347,479,911 shares of common stock outstanding. DOCUMENT INCORPORATED BY REFERENCE. (a) Portions of the 2006 Proxy Statement are incorporated by reference in Part Ill. Dominion Resources, Inc. Item Page Number Number Part I 1. Business . ............................................................................. 1 1A. Risk Factors . ............................................................................. 11 1B. Unresolved Stalf Comments ........................................................................ 12 2. Properties . ............................................................................. 13 3. Legal Proceedings ............................................................................. 16 4. Submission of Matters to aVote of Security Holders ..................................................... 16 Executive Officers of the Registrant . ...................................................................... 17 Part II 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ..... 18 6. Selected Financ al Data ........................................................................... 18 7. Management's Discussion and Analysis of Financial Condition and Results of Operations ......................... 19 7A. Quantitative and Qualitative Disclosures About Market Risk ............................................... 41 8. Financial Statements and Supplementary Data ............... .......................................... 43 9. Changes inand Disagreements with Accountants on Accounting and Financial Disclosure ......................... 87 9A. Controls and Prccedures .......................................................................... 87 9B. Other Information ............................................................................. 88 Part III 10. Directors and Executive Officers of the Registrant ....................................................... 89 11. Executive Compensation .......................................................................... 89 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters ..... .......... 89 13. Certain Relation:,hips and Related Transactions .............. ........................................... 89 14. Principal Accountant Fees and Services .................... ........................................... 89 Part IV 15. Exhibits and Financial Statement Schedules ................ ........................................... 90 * This copy of the Annual Report on Form 10-K incorporates some corrections to minor typographical errors which are the subject of our Form 10-K/A filed with the Securities and Exchange Commission on March 7,2006 in File No. 001 -08489. fir UC'n2Xoi'ui.; ¶'i r~;l "!-''o r '~- '.' 'v't. 3fs';Q~ s< Part iD1oo 'n Y1 C i:"). < 7'1"':I ;f 2V-1 ' rrsif1r,if .4Zw5f J .UFir'1aiNI 1')'. bnzc r 'f '~'~ o 1.; [1)j Il .rbtI- > ;ottC: CVW Io Ct.nnsr 'o 1Q2. le f. > -9o c>).13 y'.:1t'i"'.tl .'iŽ1'i0q L 1^' .;'' i :" 1J information on operating revenue related to our principal prod- ucts and services see Note 6 to our Consolidated Financial;.ii;f0 Statements.;"\t'- ' ! .joCi 7''1 ' f '1r;r.i 1cr.oiI.tf The'Co'mpany 1 ; no('13 bowl ,. '- t. -. , ,.i, , rlo ,il,. -t n. ii-S : .: . Dominion Delivery Dominion Resources, Inc. (Dominion), Js a fully jntegrated gas , and electric holding company headquartered In Richmond, *, lo. , Dominion Delivery includes our regulated electric and gas di'isks Virginia. Dominion was incorporated In Virginia In 1983. tributlon and customer service businessas well as nonregulated I Dominion concentrates its efforts largely In the energy retail energy markeUng operations. Electric distribution operations 3 intensive Northeast, Mid-Atlantic and Midwest regions6of th'e"t ' serve residential, commercial, Industrial and governmental ai cdQ United States.This area, which stretches