Dominion Energy
Dominion Energy, Inc.
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legal form | Corporation |
ISIN | US25746U1097 |
Seat | Richmond , United 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 |
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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
- ↑ Dominion Officers ( Memento from July 10, 2016 in the Internet Archive )
- ↑ a b c d Form 10-K 2016
- ↑ a b Who We Are. Dominion Energy, accessed November 20, 2017 .
- ^ History. Dominion Energy, accessed November 20, 2017 .
- ↑ a b Dominion Resources plans to change name to Dominion Energy. Richmond Times - Dispatch, February 6, 2017, accessed November 20, 2017 .
- ^ Dominion Resources Combines With Questar Corporation. Dominion Energy, September 16, 2016, accessed November 20, 2017 .
- ↑ 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 .
- ↑ Form 10-K 2015
- ^ Nuclear Power Stations. Dominion Energy, February 18, 2015, accessed November 19, 2017 .