Throughout the 1980s and 1990s, Dominion initiated a series of expansions into regulated and non-regulated energy businesses, both domestically and internationally. (In 1999, West Virginia Power would be sold to Allegheny Energy and folded into its Monongahela Power subsidiary it and other Allegheny Energy subsidiaries have since been acquired in 2010 by FirstEnergy.) In 1987, the West Virginia Power division was later sold to Utilicorp United, but Dominion retained ownership of the Mount Storm Power Station in West Virginia. In 1986, Dominion gained territory by expanding in Northern Virginia after purchasing the Virginia distribution territory of Potomac Electric Power Company (PEPCO). Īy 1985, Dominion split its distribution operations among three operating companies: Virginia Power, North Carolina Power, and West Virginia Power. In 1980, VEPCO began branding itself as "Virginia Power," while branding its North Carolina operations as "North Carolina Power." Three years later, VEPCO reorganized as a holding company, Dominion Resources. The transit operations were sold in 1944. In 1940, VEPCO doubled its service territory by merging with the Virginia Public Service Company. In 1925, the name was changed to the Virginia Electric and Power Company (VEPCO), a regulated monopoly. It bought Virginia Passenger & Power soon afterward. Ĭominion's closest direct corporate ancestor, Virginia Railway & Power Company, was founded by Frank Jay Gould on June 29, 1909. In 1901, the water rights passed to the newly formed Virginia Passenger & Power Company. In 1795, the trustees formed the Upper Appomattox Company to build dams along the river for industrial use, beginning Dominion's history. Dominion power series#![]() In 1787, the Virginia General Assembly created the Appomattox Trustees to promote navigation along the Appomattox River. History ĭominion's corporate roots reach back to the Colonial era through predecessor companies that operated canal and river barging, street lighting, railways, and electric trolleys. A strategy is being developed for renewable energy sources, primarily wind and biomass, and conservation and efficiency programs to play an increasingly important role in meeting future energy needs and minimizing the company's environmental footprint. In 2015, 18 percent of Dominion's total electric production came from coal, 22 percent from nuclear power, 32 percent from natural gas, 9 percent from oil, 12 percent from Hydro and other renewables, and 7 percent from other sources. ![]() A book about the company's 100-year history, Dominion’s First Century: A Legacy of Service, was published in 2010. In 2017, Dominion was listed at #238 on the Fortune 500. Dominion serves more than 5 million retail energy customers in the Midwest, mid-Atlantic and Northeast regions of the U.S. The company's Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay is one of the nation's largest and busiest facilities of its kind. ![]() Dominion also operates the nation's largest natural gas storage facility, amounting to more than 975 billion cubic feet (2.76 ×10 10 m 3) of storage capacity. The company's asset portfolio includes 27,000 megawatts of power generation, 6,000 miles (9,700 km) of electric transmission lines, 54,000 miles (87,000 km) of distribution lines, 14,000 miles (23,000 km) of natural gas transmission, gathering and storage pipeline, and 1.2 trillion cubic feet (34 km 3) equivalent of natural gas and oil reserves.
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