Dominion Resources Inc. (DRI) is a mostly lower-risk rate regulated company. Effective management of regulatory risk. Higher-risk merchant generation business. A more complex organizational structure. We compare financial measures against the medial volatility table, reflecting the company's mix of regulated and nonregulated businesses. We expect financial measures will more consistently reflect the lower-half of the "significant" financial risk profile category. High capital spending in 2016. The negative rating outlook reflects the increased probability that the company's large capital spending program will continue to pressure financial measures and the business risk profile. We could lower the rating if the business risk profile weakens to the lower end of the "excellent" business risk profile category, reflecting the high growth of the company's
