About Consolidated Natural Gas Company

And darkness shall have no dominion .... as long as Dominion Resources powers lights across the territory it serves. Dominion is one of the top energy players in the US. Dominion Generation (its largest revenue generator), manages regulated and non-regulated power plants  Through its Dominion Virginia Power unit, the company transmits and distributes electricity across 57,100 miles of electric distribution lines to 2.5 million customers, and natural gas to 1.7 million customers. Subsidiary Dominion Energy trades and markets energy, oversees natural gas transmission pipelines, and operates underground gas storage facilities (928 billion cu. ft. of capacity.) 

Geographic Reach

In addition to distributing power to customers in North Carolina and Virginia through Dominion Virginia Power, Dominion serves retail energy customers in 10 states.


Dominion operates through three segments: Dominion Generation, Dominion Energy, and DVP.

Dominion Generation includes the generation operations of the Virginia Power regulated electric utility and its related energy supply operations. It includes Virginia Power’s generation facilities and its related energy supply operations as well as the generation operations of Dominion’s merchant fleet and energy marketing and price risk management activities for these assets and Dominion’s nonregulated natural gas retail energy marketing operations. This segment accounted for 62% of the company's 2014 revenues.

Dominion Energy includes the majority of Dominion’s regulated natural gas operations. DTI, the gas transmission pipeline and storage business, serves gas distribution businesses and other customers in the Northeast, mid-Atlantic and Midwest. East Ohio, the primary gas distribution business of Dominion, serves residential, commercial and industrial gas sales, transportation and gathering service customers. It accounted for 14% of Dominion's revenues in 2014.

DVP includes Virginia Power’s regulated electric transmission and distribution operations, which serve 2.5 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. It accounted for 15% of the total revenue.

The company has 24,600 MW of generating capacity, 12,200 miles of natural gas transmission, gathering, and storage pipeline, and 6,455 miles of electric transmission lines. It also operates one of the nation's largest natural gas storage systems.

Sales and Marketing

Dominion sells electricity to the wholesale market, local distribution companies, utilities, distribution network, and end-users.
Virginia Power sells electricity and provides distribution and transmission services to customers in Virginia and northeastern North Carolina.

Dominion's ten largest gas customers provided approximately 41% of the company's total storage and transportation revenues in 2014 and the thirty largest, 74%. About 99% of the transmission capacity under contract on DTI’s pipeline is subscribed with long-term contracts

Financial Performance

The company’s revenues have dropped over the last few years.

In 2014 Dominion's revenues decreased due to lower retail energy marketing revenues, primarily the result of the sale of its retail electric business and repositioning of Dominion’s producer services business, offset by higher sales from electric utility operations, gas transportation and storage activities, and merchant generation margins.

That year the company's net income decreased by 23% due to charges associated with Virginia legislation relating to the development of a third nuclear unit located at North Anna and offshore wind facilities, charges associated with Dominion’s Liability Management Exercise, and the repositioning of Dominion’s producer services business. These negative affects were partially offset by an increase in investment tax credits received, primarily from new solar projects

In 2014 cash from operating activities was flat compared to 2013.


The company’s strategy is to continue to focus on its lower return regulated businesses while growing selective, higher return unregulated businesses.

The six principal components of the strategy include initiatives that address electric energy management, electric energy production, electric energy delivery and natural gas storage, transmission and delivery.

DVP announced its six-year investment plan, which includes spending $8.9 billion from 2015 through 2020 to upgrade or add new transmission and distribution lines, substations and other facilities to meet growing electricity demand within its service territory and maintain reliability.

In 2014 the company continued to implement a number of facility construction, pipeline, electric transmission line, expansion, conversion and other infrastructure projects.

To raise cash to py down debt, in 2014 Dominion sold its electric retail energy marketing business for $187 million. In addition, Dominion Gas sold the Northern System to an affiliate that subsequently sold the Northern System to Blue Racer Midstream for $84 million.

As part of Dominion Virginia Power's push to meet Virginia's voluntary renewable energy goal of 15% by 2025 the company is adding three biomass power stations. In 2013 Dominion Virginia Power put the Altavista Power Station into commercial operation with renewable biomass as its fuel, the first of three such stations to be converted from coal to biomass.

Mergers and Acquisitions

Growing its assets, in 2015 it acquired Carolina Gas Transmission (which owns a 1,500 mile interstate pipeline) from SCANA for $492.9 million.

To boost its green energy capacity (an meet its goal of 625 MW of contracted solar generating capacity in service by the end of 2016), in 2015 it acquired a 20-MW solar facility in California from E.ON North America (www.eon.com).  It also bought a solar plant in Georgia from HelioSage Energy.

Throughout 2014, Dominion bought various solar development projects in California for approximately $200 million.

That year Dominion had 324 MW of solar generating capacity in development, under construction or in operation in California, Connecticut, Georgia, Indiana, Tennessee and Utah.

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Consolidated Natural Gas Company

120 Tredegar St
Richmond, VA 23219-4306
Phone: 1 (804) 819-2000
Fax: 1 (804) 819-2232


  • Employer Type: Public

Major Office Locations

  • Richmond, VA

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