Dominion Resources, Inc., more popularly known simply as Dominion, is an energy and power company based in Richmond, Virginia. It supplies electricity in various parts of Virginia and North Carolina while supplying natural gas to parts of West Virginia, Pennsylvania, Ohio, and eastern North Carolina. The company also operates generation facilities in Indiana, Illinois, Connecticut, Wisconsin, and Massachusetts.
The company’s asset portfolio includes 6,000 miles of electric transmission lines, 27,000 megawatts of power generation, 1,2 trillion cubic feet equivalent of natural gas and oil reserves, and 14,000 miles of natural gas transmission, gathering, and storage pipeline. Dominion also operates the largest natural gas storage facility in the country, amounting to over 975 billion cubic feet of storage capacity. Its Cove Point liquefied natural gas import terminal is among the nation’s busiest and largest facilities of its kind. Dominion is also known to serve over five million retail energy customers in the Midwest, Northeast, and mid-Atlantic regions of the United States.
Furthermore, in 2009, the company was listed on the Fortune 500, taking the 157th spot. A book titled Dominion’s First Century: A Legacy of Service was published in 2010, telling about the company’s 100-year history.
Dominion’s roots can be traced back to the Colonial era through a number pf predecessor companies that operated street lighting, canal and river barging, railways, and electric trolleys. In 1795, Dominion’s legacy began as some dams were built along the Appomattox River for industrial use. In 1909, the company started operating as an investor-owned electric utility service provider. Back then, its name was Virginia Railway & Power Company, which was founded by Frank Jay Gould. In 1925, the company name was changed to Virginia Electric and Power Company or VEPCO. In 1940, Dominion doubled its service territory after merging with the Virginia Public Service Company.
Throughout the 80s and 90s, the company initiated a series of expansions, both domestically and internationally, into both regulated and non-regulated energy businesses. In 2000, they acquired Consolidated Natural Gas Co., adding natural gas service into their energy delivery network.
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