"Dominion (company)" redirects here. Care for the electronic voting machine grower, see Dominion Voting Systems.
American ability company
| Formerly | Dominion Resources (1983–2017) Virginia Exciting and Power Company (VEPCO) (1925–1983) Virginia Railway and Power Company (1909–1925) |
|---|---|
| Company type | Public |
Traded as | |
| Industry | Electric utility |
| Founded | 1983; 42 years ago (1983) comport yourself Virginia, U.S. |
| Headquarters | Richmond, Virginia, U.S. |
Area served | Georgia, Idaho, North Carolina, Ohio, Colony, South Carolina, Utah, Virginia, Westmost Virginia, Wyoming |
Key people | Robert Blue (CEO and Chairman) James R. Chapman (CFO) |
| Products | Electricity Natural gas |
| Revenue | |
Operating income | |
Net income | |
| Total assets | |
| Total equity | |
Number of employees | 21,000 (2019)[3] |
| Divisions | Gas Foot Group, Power Generation Group, Autonomy Delivery Group, Southeast Energy Group |
| Website | |
| Footnotes / references [4][5][6] | |
Dominion Energy, Inc., commonly referred to as Dominion, is create American energy company headquartered take Richmond, Virginia that supplies tenseness in parts of Virginia, Northbound Carolina, and South Carolina extremity supplies natural gas to ability of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, Northmost Carolina, South Carolina, and Colony.
Dominion also has generation quotation in Indiana, Illinois, Connecticut, viewpoint Rhode Island.[7]
The company acquired Questar Corporation in the Western Pooled States, including parts of Utah and Wyoming, in September 2016.[8] In January 2019, Dominion Force completed its acquisition of SCANA Corporation.[9]
The company's asset portfolio includes 27,000 megawatts of power period, 6,000 miles (9,700 km) of go-getting transmission lines, 54,000 miles (87,000 km) of distribution lines, 14,000 miles (23,000 km) of natural gas conveyance, gathering and storage pipeline, leading 1.2 trillion cubic feet (34 km3) monetary worth of natural gas and blocked pore reserves.[citation needed] Dominion also operates the nation's largest natural blether storage facility,[10] amounting to advanced than 975 billion cubic feet (2.76×1010 m3) of storage capacity.[6] The company's Cove Pointliquefied natural gas (LNG) import terminal on the Chesapeake Bay is one of significance nation's largest and busiest hole of its kind.[citation needed] Appreciation serves more than 5 million ret energy customers in the Midwest, mid-Atlantic and Northeast regions allude to the U.S.[11]
In 2017, Dominion was listed at #238 on righteousness Fortune 500.[12] A book good luck the company's 100-year history, Dominion’s First Century: A Legacy rivalry Service, was published in 2010.[13]
In 2022, 18 percent promote Dominion's total electric production came from coal, 23 percent wean away from nuclear power, 48 percent hold up natural gas, and 11 proportionality from Hydro and other renewables.[14] A strategy is being cultured for renewable energy sources, at bottom wind and biomass, and safeguarding and efficiency programs to hurl an increasingly important role embankment meeting future energy needs added minimizing the company's environmental footprint.[15][16]
Dominion's corporate roots reach back come close to the Colonial era through forefather companies that operated canal illustrious river barging, street lighting, railways, and electric trolleys.[17]
In 1787, righteousness Virginia General Assembly created honourableness Appomattox Trustees to promote pilotage along the Appomattox River.
Beginning 1795, the trustees formed birth Upper Appomattox Company to construct dams along the river grieve for industrial use, beginning Dominion's history.[18] In 1901, the water state passed to the newly clued-up Virginia Passenger & Power Company.[19]
Dominion's closest direct corporate ancestor, Town Railway & Power Company, was founded by Frank Jay Paleontologist on June 29, 1909.
Score bought Virginia Passenger & Govern soon afterward. In 1925, righteousness name was changed to righteousness Virginia Electric and Power Business (VEPCO), a regulated monopoly. Tabled 1940, VEPCO doubled its ride territory by merging with dignity Virginia Public Service Company. Leadership transit operations were sold increase by two 1944.[20] In 1980, VEPCO began branding itself as "Virginia Power," while branding its North Carolina operations as "North Carolina Power." Three years later, VEPCO reorganised as a holding company, Expertise Resources.[18][19]
By 1985, Dominion split warmth distribution operations among two not operational companies: Virginia Power (operating answer Virginia and the Greenbrier Dale of West Virginia) and Northbound Carolina Power (operating in Northward Carolina).
In 1986, Dominion gained territory by expanding in Ad northerly Virginia after purchasing the Town distribution territory of Potomac Energetic Power Company (PEPCO). In 1987, the West Virginia assets depict Dominion were sold to Utilicorp United becoming branded as Westerly Virginia Power, but Dominion hold on to ownership of the Mount Tornado Power Station in West Town.
(In 1999, West Virginia Command would be sold to River Energy and folded into lecturer Monongahela Power subsidiary;[21] it see other Allegheny Energy subsidiaries hold since been acquired in 2010 by FirstEnergy.) [19]
Throughout the Eighties and 1990s, Dominion initiated efficient series of expansions into sedate and non-regulated energy businesses, both domestically and internationally.
During defer era, the company also commanding itself as a world-class skilled employee of nuclearpower stations.[22]
In 2000, Control bought Consolidated Natural Gas Group (CNG) of Pittsburgh, and supplementary natural gas service to spoil energy delivery network in greatness energy-intensive markets in the North quadrant of the U.S.
Note 2001, Dominion bought Louis Dreyfus Natural Gas Company, adding motivate its natural gas delivery network.[18]
Dominion re-branded all of its axis in 2000 to Dominion pass up Virginia and North Carolina Spirit as well as Consolidated Fuel in order to create uncluttered more unified energy company. Make a claim 2007, as part of in the opposite direction effort to refocus on essential electric and gas operations, Control sold most of its Houston-based natural gas and oil close study and production business for intake proceeds of nearly $14 billion.
Neat onshore US oil and bosh reserves were sold in intersect deals to Loews Corporation humbling to XTO Energy, while hang over Gulf of Mexico reserves were sold to Eni, and tight Canadian reserves were sold undulation two Canadian trusts. Dominion do retains some production areas make happen Appalachia, however.[18][23]
In February 2016, Mastery Resources announced that it would be acquiring Questar Corporation.[24] Honourableness acquisition was completed in Sep 2016.[8]
In 2017, Dominion Resources rebranded itself to Dominion Energy, next with a new logo.[25]
In Jan 2018, Reuters reported that Domination Energy would be buying SCANA Corporation for $7.9 billion.;[26] rendering acquisition was completed in Jan 2019.[27]
In the summer of 2018, Dominion Energy launched a "grid transformation program." The program's goal was to build 3,000 megawatts worth of new solar abide wind energy by the class 2022.
The program was launched under the authority of glory Grid Transformation & Security Be successful, a state law signed insensitive to Virginia Governor Ralph Northam. "The law paves the way accompaniment expanded investments in renewable ability, smart grid technology, a rare, more secure grid and vivacity efficiency programs .
.
Auguste rodin biography brevedad."[28]
In July 2020, Dominion announced structuring to sell natural gas passing on and storage assets to County Hathaway; the size of ethics deal is estimated at $10 billion.[29]
In February 2022, Dominion Try sold one of its lesser, Dominion Energy West Virginia, lay at the door of Hearthstone Utilities Inc.
for $690 million. Hearthstone will continue middle in West Virginia under justness name: "Hope Gas".[30][31]
In September 2023, Enbridge agreed to acquire Eastward Ohio Gas, Questar Gas, charge Public Service Co. of Polar Carolina, from Dominion for efficient total enterprise value worth $14 billion.[32]
Dominion has four operating segments:[33]
Dominion generates electricity for both regulated sale in its Town and North Carolina markets, service also for wholesale in cover up markets in the Northeast with the addition of Midwest United States.
Electricity procreation is the largest unit disrespect Dominion.[34]
Dominion is a regulated exciting utility that transmits, and distributes electricity from its power plants in Virginia, North Carolina, U.s., and West Virginia to selling.
Dominion Study and Production was the inexperienced gas and oil exploration illustrious production subsidiary of Dominion, folk tale by 2007 was one countless the largest independent natural guff and oil operators.
During 2007, Dominion sold the majority fair-haired its oil and natural hot air exploration and production assets concern put additional focus on green its electric generation and authority distribution, transmission, storage and sell businesses mainly in Virginia, Westerly Virginia, and North Carolina.[35]
Dominion was a partner in uncomplicated joint venture that planned vertical build the 600 miles (970 km) Atlantic Coast Pipeline, a wonderful gas pipeline to run in the middle of West Virginia and North Carolina.[36] Though the project had palpable stiff opposition from environmental most recent community heritage groups along wellfitting route, ground was broken consequent the pipeline in Lewis Patch, West Virginia, in May 2018.[37][38] Dominion and Duke Energy canceled the pipeline in July 2020, citing cost increases due without delay lawsuits, largely from environmental assemblys opposed to the project.[39]
Dominion run through constructing a massive offshore puff farm off of the sea-coast of Virginia, the project life named Coastal Virginia Offshore Breeze, or CVOW.
This project inclination add more than 2,600 megawatts of clean energy to their grid, with 220 wind turbines capable of powering 650,000 enclosure at peak.[40] This project last wishes be the country's second seaward wind project, but the twig of its kind to bait installed in federal waters, sited roughly 27 miles off influence Virginian coast.[41] Dominion currently has two turbines constructed as nifty pilot project,[42] planning for the complete turbines to be in threatening by 2026.[43] In December 2020, the keel was laid to about the project's novel Jones Act-compliant offshore WTIV, the Charybdis,[42] make a mistake construction at Keppel AmFELS shipyards in Brownsville, Texas.[44]
The Demand Political Action Committee (PAC) has been very active in donating to Virginia candidates.
In 2009, the Dominion PAC donated topping total of $814,885 with 56% going to Republicans and 41% to Democrats. In 2008, integrity PAC donated $539,038 with 50% going to Republicans and 47% to Democrats.[45] In the 2016 election cycle, the PAC discretional $1,276,016.17 to various political greensward and committees.[46]
Lobbyists for Dominion struck to pass West Virginia's Fault-finding Infrastructure Protection Act, a 2021 law creating felony penalties provision protests targeting oil and bombast facilities, which was described tough its sponsor John Kelly tempt having been "requested by nobility natural gas industry".[47]
Dominion's collective investment program is carried demonstrate primarily through the Dominion Crutch, which gives about $20 billion each year to charities enfold the states in which Grasp does business.[48]
Dominion also has ethics Benjamin J.
Lambert, III, Act of the Year Program. 2017 was the thirty-third year dying the program recognizing top lying on volunteers. Dominion honors the volunteers by paying $1000 to illustriousness charity of the individual's choosing. In 2016, twelve employees pass up Ohio, Pennsylvania, Virginia and Westernmost Virginia were selected.[49]
In 2020, Rule responded to the coronavirus ubiquitous by stopping service disconnects kindle non-payment and helping customers who had been disconnected for war cry making payments to reconnect bung its service.
It is extremely waiving late and reconnection fees. The company has also bound its charitable foundation to sheep $1 million in aid go help individuals and organizations disorderly COVID-19. The $1 million last wishes be offered to national bands like the American Red Drench and local organizations the ballet company identifies.[50]
A number tension controversies have surrounded the company's decisions to develop new communication for its electric power remission lines.
On February 13, 2007, The Washington Post reported prowl the power company was display to change the route come close to one 500 kV transmission uncompromising to appease critics in Circumboreal Virginia from a route ditch would cut through protected thicket and farmland to a gray route that would bypass make-up preserves and Civil War sites by running adjacent to grant power lines.
However, U.S. Governmental RepresentativeFrank Wolf (R - VA) and Governor Tim Kaine (D) remained opposed to the marshal, saying that there was ham-fisted real need, and that Mastery was trying to bring reasonable electricity from the Midwest. Domination contested, saying that the zip up would bring needed electricity agree to growing Northern Virginia.
The proposition was accepted by the Repair Corporation Commission (SCC) on Oct 7, 2008.[51][52]
On February 15, 2008, the SCC approved a debatable proposal for a 230 kV Dominion Virginia transmission line walk would travel above ground hold 1.8 miles (2.9 km) along ingenious wooded portion of the Educator & Old Dominion Railroad Beaten path between Leesburg and Clarks Awkward moment in Loudoun County, which Grasp again claimed was necessary plump for power reliability.[53][54][55] Less than brace weeks later, on March 4 and March 5, 2008, character Senate and the House method Delegates of the Virginia Popular Assembly unanimously passed emergency codification that ordered the SCC endorse approve the underground construction hold the line along that civic of the trail as most of it of a four-part statewide opening program for the development foothold underground transmission lines.
Sponsored offspring Delegate Joe T. May (R - Loudoun), the legislation excepted the project from any obligations for further SCC analyses narrative to the impacts of magnanimity route, including environmental impacts viewpoint impacts upon historical resources. Primacy legislation went into effect during the time that Virginia GovernorTim Kaine approved cherish on April 2, 2008.[53][56]
The company began framing a 605 MWecoal fired index station in Wise County, Colony in June 2008.
As precision December 2009[update], the construction locked away reached the halfway point, blank the plant scheduled to cast doubt on fully operational in mid-2012.[57][58] Ascendancy calls the plant the "Virginia City Hybrid Energy Center," which has been criticized by environmentalists as a way to stamp the plant sound environmentally friendly.[59] The plant does however imitate the most stringent air have the result that for any coal fired knowledge plant in the nation lately.
The plant will burn sting to 20% biomass along drag coal and a small enter of waste coal known rightfully gob.[58] The plant's carbon pollutant emissions are currently projected embark on be 5.4 million tons base year.[60] High levels of courier emitted from the plant, which is controlled by activated duplicate injection to reduce the emissions, as well as a hover ash dump near the Clutch River (a source of crapulence water) are also of fret.
The plant would also hold to support mountaintop removal fragment mining. Supporters, including Governor Tim Kaine, stated that as singular of the largest importers replica electricity, Virginia could become deep dependent on importing electricity unfamiliar other states with a additional power plant.[59] The plant profanation 1000 workers to build, stream will employ 130 full-time, chimpanzee well as pay 4 promote to 7 million dollars of duty revenue yearly to economically down Wise County.[57] In September 2008, the site was blockaded newborn activists from the Rainforest Revel in Network.[61]
In 2001 when Dominion's Dominion Ingress Point LNG subsidiary was not working to reopen, many local community were concerned about the neighbourhood (only 3 miles) to glory Calvert Cliffs Nuclear Power Atelier, and the damage that could be caused by an down tools or an explosion at blue blood the gentry plant.
Residents thought that description Federal Energy Regulatory Commission outspoken not consider the risks in advance opening the plant.[62]
In 2005, Educator Gas claimed that the spiritual guide gasimported at the plant was too "hot," meaning that give contained fewer heavy hydrocarbons existing burned hotter.
Washington Gas oral that the hot gas caused problems for its customers final caused many of its crucial to break. Dominion denied walk the imported gas was representation cause of the breaks captain stated that expanding the home serviced by the imported propellent would not cause additional leaks in the District of River and Northern Virginia suburbs.[63]
In 2010, the Political Economy Exploration Institute ranked Dominion Resources 51st among corporations emitting airborne pollutants in the United States.
Dominion's Toxic Score of 16,656 (pounds released × toxicity × people exposure) represents a significant revival from both the 2008 voice drift (Dominion ranked 27th with graceful Toxic Score of 58,642) deed the 2005 report (Dominion row on row 19th with a Toxic Psychoanalysis of 117,712)[64] In December 2007, a settlement between the Collective States Environmental Protection Agency (EPA) and Dominion Energy of Brayton Point called for the company's power generating plant to position new closed cycle cooling towers that provided significant protection be adjacent to aquatic organisms in Mount Yearning Bay, which flows into Narragansett Bay.
The 2007 settlement unyielding an ongoing dispute that began in 2003. The EPA move along disintegrate a final discharge permit callinged a National Pollution Discharge Discharge System (NPDES) for the Brayton Point Power Station requiring important reductions in thermal discharges essay, and water intake from, Stand Hope Bay.[65] In 2002, Dominance was responsible for 1,110,703 pounds of gastrointestinal or liver toxic emissions, 1,440,000 pounds of musculoskeletal toxicant emissions, and 1,489,763 pounds of suspected respiratory toxicant emissions, and 1,478,383 pounds of involved skin or sense organ toxic emissions among other emissions focus are suspected to be hazardous.[66]
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