Public | |
Traded as | : D DJUA Component S&P 500 Component |
Industry | Electric utility |
Founded | Virginia, U.S. (1983) |
Headquarters | Richmond, Virginia, U.S. |
Key people
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Thomas Farrell (Chairman, CEO) Mark McGettrick (CFO) |
Products |
Electricity Natural gas |
Revenue |
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Total assets |
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Total equity |
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Number of employees
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15,500 (2012) |
Website | www |
Footnotes / references |
Dominion Energy, Inc., commonly referred to as Dominion, is an American power and energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia and North Carolina and supplies natural gas to parts of West Virginia, Ohio, Pennsylvania, and eastern North Carolina. Dominion also has generation facilities in Wisconsin, Indiana, Illinois, Connecticut, Rhode Island, and Massachusetts.
The company's asset portfolio includes 27,000 megawatts of power generation, 6,000 miles (9,700 km) of electric transmission lines, 14,000 miles (23,000 km) of natural gas transmission, gathering and storage pipeline, and 1.2 trillion cubic feet (34 km3) equivalent of natural gas and oil reserves. Dominion also operates the nation's largest natural gas storage facility, amounting to more than 975 billion cubic feet (2.76×1010 m3) of storage capacity. The company's Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay is one of the nation's largest and busiest facilities of its kind. Dominion serves more than 5 million retail energy customers in the Midwest, mid-Atlantic and Northeast regions of the U.S.
In 2009, Dominion was listed at #157 on the Fortune 500. A book about the company's 100-year history, Dominion’s First Century: A Legacy of Service, was published in 2010.
18 percent of Dominion's total electric production comes from coal, 22 percent comes from nuclear power, 32 percent comes from natural gas, 9 percent comes from oil, 12 percent comes from Hydro and other renewables, and 7 percent from other sources. A strategy is being developed for Renewable energy sources, primarily wind and biomass, and conservation and efficiency programs to play an increasingly important role in meeting future energy needs and minimizing the company's environmental footprint.