Dominion is poised for growth in the new energy marketplace currently taking shape.
We expect to grow operating earnings by 8 percent to 10 percent annually thereafter. Under purchase accounting for the CNG acquisition, earnings reflect an annual non-cash expense representing the amortization of goodwill. Cash earnings are key because it s cash that we use to pay dividends and to reinvest in the company to fuel earnings growth. We support the recent Financial Accounting Standards Board s tentative decision to discontinue the amortization of goodwill recorded under purchase accounting. This change in accounting would make the company's true earnings power more clearly visible to investors.