About Dominion Energy, Inc.

Dominion Energy (formerly Dominion Resources) is one of the top energy players in the US. Dominion Generation manages regulated and non-regulated power plants. Through its Dominion Virginia Power unit, the company transmits and distributes electricity across 57,300 miles of electric distribution lines to 2.5 million customers, and natural gas to 1.3 million customers. Another division trades and markets energy, oversees natural gas transmission pipelines, and operates underground gas storage facilities (933 billion cu. ft. of capacity.) The former Dominion Resources changed its name to Dominion Energy in 2017.


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 58% of the company's 2015 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 21% of Dominion's revenues in 2015.

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 24,300 MW of generating capacity, 12,200 miles of natural gas transmission, gathering, and storage pipeline, and 6,500 miles of electric transmission lines. It also operates one of the nation's largest natural gas storage systems.

In 2014 Dominion had 324 MW of solar generating capacity in development, under construction or in operation in California, Connecticut, Georgia, Indiana, Tennessee and Utah.

Geographic Reach

In addition to distributing power to customers in North Carolina, West Virginia, and Virginia through Dominion Virginia Power, Dominion serves retail energy customers in 14 US states.

The company's merchant non-renewable generation facilities are located in Connecticut, Pennsylvania and Rhode Island, with a majority of that capacity concentrated in New England.

Dominion's merchant renewable generation facilities include a fuel cell generation facility in Connecticut, solar generation facilities in Indiana, Georgia, California, Tennessee, Utah, and Connecticut, and wind generation facilities in Indiana and West Virginia.

Sales and Marketing

Dominion sells electricity to the wholesale market, local distribution companies, utilities, distribution network, and end-users. The company serves more than 5 million utility and retail energy customers.

Virginia Power sells electricity and provides distribution and transmission services to customers in Virginia and northeastern North Carolina. Virginia Power has 6,500 miles of electric transmission lines of 69 kV or more. Its distribution network includes 57,300 miles of distribution lines and exclusive of service level lines.

Dominion's ten largest gas customers provided approximately 42% of the company's total storage and transportation revenues in 2015 and the thirty largest, 72%. In 2015 DTI provided service to 266 customers with 94% of its storage and transportation revenues being provided through firm services.

Financial Performance

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

In 2015 net revenues decreased by 6% to due to the exiting the electric retail energy marketing business in 2014 and a decrease in nonregulated sales electric and gas sales.

Net income increased by 45% due to lower purchased gas expenses as the result of an increase in gas transportation and storage activities; and a decline in interest and related charges due to absence of charges associated with Dominion's Liability Management Exercise in 2014.

In 2015 operating cash flow increased by 30% due to higher net income and other operating assets and liabilities.


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.

The company plans to invest $15.7 billion in growth capital across its business units, excluding additional billions of dollars in maintenance capital expenditures. The investment will be spent on electric distribution and transmission growth projects in Virginia to further improve reliability metrics; new generation facilities serving Virginia Power customers; natural gas infrastructure projects designed to increase transportation and reliability capacity; construction of Cove Point gas liquefaction project, and expanding its program to replace aging pipes at its two natural gas distribution companies, Dominion East Ohio and Dominion Hope.

In 2016 Dominion sold Questar Pipeline to Dominion Midstream Partners in a $1.7 billion deal.

In 2015 Dominion continued to implement a number of facility construction, pipeline, electric transmission line, expansion, conversion and other infrastructure projects.

In 2015 the company started construction of state-of-the-art technical training center in the Village of Boston Heights. In 2016, the company also begun construction on its 1,588- megawatt Greensville County Power Station. This Power Station once completed will provided energy to more than 400,000 customers by 2019.

To raise cash to pay 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.

Mergers and Acquisitions

In 2018 Dominion agreed to acquire Scana Corporation, the parent company of South Carolina Electric & Gas Company that was part of an aborted nuclear power plant project with state-owned utility company Santee Cooper. The $7.9 billion deal includes the failed project costs, including $1.3 billion in payouts to Scana's customers. The deal adds over 1 million customers to Dominion's already massive base.

Betting on stable revenues from natural gas distribution at a time when power demand is in decline, in 2016 Dominion bought Questar Corp. for $4.4 billion. The combined companies have 2.5 million electric utility customer accounts in Virginia and North Carolina; 2.3 million natural gas utility customer accounts in Idaho, Ohio, Utah, West Virginia and Wyoming; and 1.3 million retail energy and related services customer accounts in 13 states.

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

In 2015 the company acquired an 80-megawatt solar facility in Virginia from project developer Community Energy which is expected to enter service in late 2016.

To further boost its green energy capacity (and 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.

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Dominion Energy, Inc.

120 Tredegar St
Richmond, VA 23219-4306
Phone: 1 (804) 819-2000
Fax: 1 (804) 819-2205


  • Employer Type: Public
  • Stock Symbol: DCUD, D
  • Stock Exchange: NYSE, NYSE
  • Chairman, President and CEO: Thomas F. Farrell
  • SVP Operations, Engineering and Construction: Scot C. Hathaway
  • EVP and CFO: Mark F. McGettrick
  • 2016 Employees: 16,200

Major Office Locations

  • Richmond, VA

Other Locations

  • Denver, CO
  • Rifle, CO
  • Southington, CT
  • Waterford, CT
  • Chicago, IL
  • Milford, IN
  • Salem, MA
  • Middletown, MD
  • Roanoke Rapids, NC
  • Ithaca, NY
  • New Hartford, NY
  • Schenectady, NY
  • Silver Springs, NY
  • Akron, OH
  • Ashtabula, OH
  • Byesville, OH
  • Canton, OH
  • Carrollton, OH
  • Cleveland, OH
  • Doylestown, OH
  • Groveport, OH
  • Lebanon, OH
  • New Franklin, OH
  • Port Washington, OH
  • Saint Clairsville, OH
  • Warren, OH
  • Wickliffe, OH
  • Woodsfield, OH
  • Wooster, OH
  • Youngstown, OH
  • Beaver Falls, PA
  • Benezett, PA
  • Big Run, PA
  • Coudersport, PA
  • Elizabeth, PA
  • Gibsonia, PA
  • Greensburg, PA
  • Harrison Valley, PA
  • Hopwood, PA
  • Lawrenceville, PA
  • Murrysville, PA
  • Renovo, PA
  • Shelocta, PA
  • Westfield, PA
  • Providence, RI
  • Cedar City, UT
  • Ephraim, UT
  • Logan, UT
  • Moab, UT
  • Ogden, UT
  • Park City, UT
  • Price, UT
  • Richfield, UT
  • Salt Lake City, UT
  • Sandy, UT
  • Springville, UT
  • St George, UT
  • Vernal, UT
  • Alexandria, VA
  • Ashland, VA
  • Chesapeake, VA
  • Chester, VA
  • Dumfries, VA
  • Franklin, VA
  • Fredericksburg, VA
  • Glen Allen, VA
  • Herndon, VA
  • Hopewell, VA
  • Leesburg, VA
  • Midlothian, VA
  • Mineral, VA
  • New Canton, VA
  • Norfolk, VA
  • Petersburg, VA
  • Remington, VA
  • South Boston, VA
  • South Hill, VA
  • Staunton, VA
  • Suffolk, VA
  • Surry, VA
  • Virginia Beach, VA
  • Woodford, VA
  • Yorktown, VA
  • Auburn, WV
  • Brenton, WV
  • Camden, WV
  • Clarksburg, WV
  • Clendenin, WV
  • Grantsville, WV
  • Jane Lew, WV
  • Kopperston, WV
  • Lockney, WV
  • Morgantown, WV
  • Mount Storm, WV
  • Parkersburg, WV
  • Pine Grove, WV
  • Weston, WV
  • Evanston, WY
  • Rock Springs, WY
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