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`INDEPENDENT AUDITORS’ REPORT
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`Dominion Energy Cove Point LNG, LP
`Richmond, Virginia
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`We have audited the accompanying financial statements of Dominion Energy Cove Point LNG, LP (the
`“Partnership”), which comprise the balance sheet – regulatory basis as of December 31, 2018, and
`the related statements of income – regulatory basis, retained earnings – regulatory basis, and cash
`flows – regulatory basis for the year then ended, and the related notes to the financial statements,
`included on pages 110 through 122, excluding pages 117 and 117a, of the accompanying Federal
`Energy Regulatory Commission Form 2.
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`Management’s Responsibility for the Financial Statements
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`Management is responsible for the preparation and fair presentation of these financial statements in
`accordance with the accounting requirements of th e Federal Energy Regulatory Commission as set
`forth in its applicable Uniform System of Accounts and published accounting releases; this includes
`the design, implementation, and maintenance of internal control relevant to the preparation and fair
`presentation of financial statements that are free from material misstatement, whether due to fraud
`or error.
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`Auditors’ Responsibility
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`Our responsibility is to express an opinion on these financial statements based on our audit. We
`conducted our audit in accordance with auditing sta ndards generally accepted in the United States
`of America. Those standards require that we pl an and perform the audit to obtain reasonable
`assurance about whether the financial statements are free from material misstatement.
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`An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
`in the financial statements. The procedures selected depend on the auditor’s judgment, including the
`assessment of the risks of material misstatement of the financial statements, whether due to fraud
`or error. In making those risk assessments, the auditor considers internal control relevant to the
`Partnership’s preparation and fair presentation of the financial statements in order to design audit
`procedures that are appropriate in circumstances, but not for the purpose of expressing an opinion
`on the effectiveness of the Partnership’s internal control. Accordingly, we express no such opinion.
`An audit also includes evaluating the appropriateness of accounting policies used and the
`reasonableness of significant accounting estimates made by management, as well as evaluating the
`overall presentation of the financial statements.
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`We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
`for our audit opinion.
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`Opinion
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`In our opinion, the regulatory-basis financial sta tements referred to above present fairly, in all
`material respects, the assets, liabilities, and proprietary capital of the Partnership as of December
`31, 2018, and the results of its operations and its cash flows for the year then ended in accordance
`with the accounting requirements of the Federal Ener gy Regulatory Commission as set forth in its
`applicable Uniform System of Accounts and published accounting releases.
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`Deloitte & Touche LLP
`Suite 820
`901 East Byrd Street
`Richmond, VA 23219
`USA
`Tel: + 1 804 697 1500
`Fax: + 1 804 697 1825
`www.deloitte.com
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`Basis of Accounting
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`As discussed in the General Notes to the financial statements, these financial statements were
`prepared in accordance with the accounting re quirements of the Federal Energy Regulatory
`Commission as set forth in its applicable Unif orm System of Accounts and published accounting
`releases, which is a basis of accounting other than accounting principles generally accepted in the
`United States of America. Our opinion is not modified with respect to this matter.
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`Restricted Use
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`This report is intended solely for the information and use of the board of directors of Dominion Energy
`Midstream GP, LLC and management of the Partne rship and for filing with the Federal Energy
`Regulatory Commission and is not intended to be and should not be used by anyone other than these
`specified parties.
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`Richmond, Virginia
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`April 15, 2019
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