Dominion Energy

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Dominion Energy, Inc.

logo
legal form Corporation
ISIN US25746U1097
Seat Richmond , United StatesUnited StatesUnited States 
management Thomas F. Farrell II
Number of employees 16,200
sales 11.7 billion US dollars
Branch Energy supplier
Website www.dom.com
As of December 31, 2016

Dominion Energy, Inc. (until 2017: Dominion Resources, Inc. ) is a US company with headquarters in Richmond . The company is listed in the S&P 500 , Dow Jones Composite Average and the Dow Jones Utility Average .

Dominion Energy, with 16,200 employees, supplies over 6 million customers with electricity and natural gas. The company operates in the US states of Virginia, West Virginia , Ohio , Pennsylvania and in the eastern part of the state of North Carolina . It also has several locations in the states of Indiana, Illinois, Wisconsin, Massachusetts and Connecticut.

Company history

The company's founders included George Washington and James Madison. 1781, Parliament passed the Virginia Appomattox trustee to the navigation on the Appomattox River to promote. In 1795, the Upper Appomattox Company was founded to secure water rights on the river. The company took over various waterworks on the river and built the first steam power plant in 1888.

Frank Julian Sprague built the USA's first major electric tram system in Richmond , Virginia around 1887/1888 . In 1909, the Virginia Railway and Power Company (VRPC) was founded to generate electricity in addition to running railroads. VRPC's major shareholder, Frank Jay Gould, sold the company to a syndicate formed by Stone & Webster in 1925 . After a merger of VRPC with the Spotsylvania Power Company of Fredericksburg in the same year, the new company was renamed Virginia Electric and Power Company (VEPCO). In 1983 Dominion Resources, Inc. (DRI) was founded as a holding company and the subsidiary VEPCO was renamed Virginia Power . DRI merged with Consolidated Natural Gas of Pittsburgh in 2000 .

In early 2016, DRI acquired Questar Corporation for $ 6 billion . The merger was completed in September of the same year. In February 2017, the company announced that it would seek shareholder approval for a new company name.

Subsidiaries

According to its own information, Dominion u. a. the following subsidiaries (as of November 2017):

  • Virginia Power , a wholly-owned subsidiary
  • Dominion Gas , a wholly-owned subsidiary and holding company to which other subsidiaries are subordinate. Berkshire Hathaway acquired this subsidiary on July 5, 2020 for $ 10 billion (including $ 5.7 billion in debt).

Power plants

Dominion Energy owns power plants with an installed capacity of 25.7 (or 26.4) GW through its subsidiary Virginia Power . The Merchant Generation branch operates power plants with 4.3 GW, including several solar and wind power plants.

Nuclear power plants

Dominion Energy owns or operates the following 4 nuclear power plants in the USA (as of November 2017):

Name of the power plant block Net power (MW) Network synchronization Operating license up to Shutdown
Kewaunee 1 556 04/08/1974 12/21/2033 07/05/2013
Millstone 2 869 11/9/1975 07/31/2035
3 1,229 02/12/1986 11/25/2045
North Anna 1 903 07/17/1978 04/01/2038
2 903 08/25/1980 08/21/2040
Surry 1 788 07/04/1972 05/25/2032
2 788 03/10/1973 01/29/2033

Individual evidence

  1. ↑ Dominion Officers ( Memento from July 10, 2016 in the Internet Archive )
  2. ↑ a b c d Form 10-K 2016
  3. ↑ a b Who We Are. Dominion Energy, accessed November 20, 2017 .
  4. ^ History. Dominion Energy, accessed November 20, 2017 .
  5. ↑ a b Dominion Resources plans to change name to Dominion Energy. Richmond Times - Dispatch, February 6, 2017, accessed November 20, 2017 .
  6. ^ Dominion Resources Combines With Questar Corporation. Dominion Energy, September 16, 2016, accessed November 20, 2017 .
  7. ↑ Berkshire Hathaway wants to buy natural gas assets from Dominion Energy in a $ 10 billion deal. In: edition.cnn.com. July 5, 2020, accessed on July 7, 2020 .
  8. ↑ Form 10-K 2015
  9. ^ Nuclear Power Stations. Dominion Energy, February 18, 2015, accessed November 19, 2017 .