Dominion Energy South Carolina, Inc. (Subsidiary of Dominion Energy, Inc.) Wed 23 Sep, 2020 - 3:37 PM ET Resolution of Legal and Regulatory Issues: DESC’s ratings reflect the resolution of the highly contentious legal and regulatory issues resulting from SCANA’s abandonment of the V. C. Summer Nuclear Station expansion project in July 2017. [39][40], On February 15, 2008, the SCC approved a controversial proposal for a 230 kV Dominion Virginia transmission line that would travel above ground for 1.8 miles (2.9 km) along a wooded portion of the Washington & Old Dominion Railroad Trail between Leesburg and Clarks Gap in Loudoun County, which Dominion again claimed was necessary for power reliability. [13] 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. Based in Richmond, Virginia, Dominion Energy is an integrated energy company with approximately 30 gigawatts of electric generation capacity and more than 93,000 miles of electric transmission and distribution lines. [14][15], Dominion's corporate roots reach back to the Colonial era through predecessor companies that operated canal and river barging, street lighting, railways, and electric trolleys. [11] A book about the company's 100-year history, Dominion’s First Century: A Legacy of Service, was published in 2010. Sponsored by Delegate Joe T. May (R - Loudoun), the legislation exempted the project from any requirements for further SCC analyses relating to the impacts of the route, including environmental impacts and impacts upon historical resources. Dominion honors the volunteers by paying $1000 to the charity of the individual's choice. In 1940, VEPCO doubled its service territory by merging with the Virginia Public Service Company. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Richmond, VA 23219 [38], A number of controversies have surrounded the company's decisions to develop new routes for its electric power transmission lines. Its onshore US oil and gas reserves were sold in separate deals to Loews Corporation and to XTO Energy, while its Gulf of Mexico reserves were sold to Eni, and its Canadian reserves were sold to two Canadian trusts. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. [51], In 2010, the Political Economy Research Institute ranked Dominion Resources 51st among corporations emitting airborne pollutants in the United States. [45][46] Dominion calls the plant the "Virginia City Hybrid Energy Center," which has been criticized by environmentalists as a way to make the plant sound environmentally friendly. In 1787, the Virginia General Assembly created the Appomattox Trustees to promote navigation along the Appomattox River. [41][42][43] Less than three weeks later, on March 4 and March 5, 2008, the Senate and the House of Delegates of the Virginia General Assembly unanimously passed emergency legislation that ordered the SCC to approve the underground construction of the line along that section of the trail as part of a four-part statewide pilot program for the development of underground transmission lines. This information is available in the PitchBook Platform. Mufson, Steven, "Dominion sells more of its oil and gas assets", "Dominion Resources, Questar Corporation to Combine", "Dominion to Gain 'Energy' With New Name, Rebranding", "Dominion Energy to buy Scana Corp in $7.9 billion deal", "Dominion Energy Launches Grid Transformation Program, Paving Way for Virginia's Energy Future With 3,000 Megawatts of New Solar and Wind Planned by 2022 | Dominion Energy Inc", "Berkshire Hathaway will buy natural gas assets from Dominion Energy in $10 billion deal", "Dominion Realigns Business Units to Reflect Strategic Refocusing", "Dominion 1Q Net Drops 30% On Charges, Lower Sales", "Atlantic Coast Pipeline hires main construction contractor", "Atlantic Coast Pipeline construction begins with groundbreaking in Lewis County", "FERC lets Atlantic Coast Pipeline construction begin in West Virginia", "Atlantic Coast Pipeline Canceled as Delays and Costs Mount", "DOMINION RESOURCES, INC. The program's aim was to build 3,000 megawatts worth of new solar and wind energy by the year 2022. PitchBook is a financial technology company that provides data on the capital markets. Dominion Energy. Blue Racer Midstream; Dominion Energy Wexpro; Please confirm your deletion . [37], In 2020, Dominion responded to the coronavirus pandemic by stopping service disconnects for non-payment and helping customers who had been disconnected for not making payments to reconnect to its service. All rights reserved. Dominion serves more than 5 million retail energy customers in the Midwest, mid-Atlantic and Northeast regions of the U.S. Dominion Energy Gas Holdings, LLC operates as a holding company. The company has also directed its charitable foundation to provide $1 million in aid to help individuals and organizations fighting COVID-19. Washington Gas said that the hot gas caused problems for its customers and caused many of its mains to break. Three years later, VEPCO reorganized as a holding company, Dominion Resources. On February 13, 2007, The Washington Post reported that the power company was planning to change the route of one 500 kV transmission line to appease critics in Northern Virginia from a route that would cut through protected forest and farmland to a southern route that would bypass nature preserves and Civil War sites by running adjacent to existing power lines. . The company's asset portfolio includes 27,000 megawatts of power generation, 6,000 miles (9,700 km) of electric transmission lines, 14,000 miles (23,000 km) of natural gas transmission, gathering and storage pipeline, and 1.2 trillion cubic feet (34 km3) equivalent of natural gas and oil reserves. The proposal was accepted by the State Corporation Commission (SCC) on October 7, 2008. [50], In 2005, Washington Gas claimed that the natural gas imported at the plant was too "hot," meaning that it contained fewer heavy hydrocarbons and burned hotter. Dominion Exploration and Production was the natural gas and oil exploration and production subsidiary of Dominion, and by 2007 was one of the largest independent natural gas and oil operators. Get the full list », You’re viewing 5 of 43 investments and acquisitions. The transit operations were sold in 1944. Get the full list », You’re viewing 5 of 39 executive team members. The plant would also continue to support mountaintop removal coal mining. The $1 million will be offered to national groups like the American Red Cross and local organizations the company identifies. [54], Dominion Virginia and North Carolina Power, Section of W&OD Railroad Regional Park approved for transmission line route: From W&OD Trail Mile 36.2 at coordinates, W&OD Transmission line route at Trail Mile 36.2, Transmission line route at Trail Mile 38.0, Last edited on 30 September 2020, at 21:40, United States Environmental Protection Agency, "DOMINION RESOURCES INC /VA/ 2013 Annual Report Form (10-K)", "DOMINION RESOURCES INC /VA/ 2014 Q1 Quarterly Report Form (10-Q)", "D Income Statement - Dominion Resources, Inc", "Dominion Resources Combines With Questar Corporation", "Dominion completes buyout of SCANA after 17-month nuclear fiasco", "Dimensions 2008/2009: Corporate Responsibility Report", "Dominion's Plan to Address Greenhouse Gasses", "How Dominion Energy Plans to Launch an Offshore Wind Empire", "ALLYN COMPANY EXPANDS; Buys Trolley and Bus Systems of Richmond and Norfolk, Va", "Allegheny Energy, Form 8-K, Current Report, Filing Date Sep 10, 1999". Dominion Energy Gas Holdings serves customers in the United States. [45] In September 2008, the site was blockaded by activists from the Rainforest Action Network. [18] In 1980, VEPCO began branding itself as "Virginia Power," while branding its North Carolina operations as "North Carolina Power." [16], Dominion re-branded all of its operations in 2000 to Dominion from Virginia and North Carolina Power as well as Consolidated Gas in order to create a more unified energy company. [29], Dominion was a partner in a joint venture that planned to build the 600 miles (970 km) Atlantic Coast Pipeline, a natural gas pipeline to run between West Virginia and North Carolina. In 2001, Dominion bought Louis Dreyfus Natural Gas Company, adding to its natural gas delivery network. It bought Virginia Passenger & Power soon afterward. [22] The acquisition was completed in September 2016. Gas Infrastructure Group, Power Generation Group, Power Delivery Group, Virginia Electric & Power Company (VEPCO), Solar Funding - Tredegar Solar Fund I, LLC, This page was last edited on 30 September 2020, at 21:40. Electricity generation is the largest unit of Dominion.[28]. Dominion Energy Gas Holdings, LLC operates as a holding company. The plant will burn up to 20% biomass along with coal and a small amount of waste coal known as gob. Get the full list », You’re viewing 5 of 8 subsidiaries. Enter your user name and password below to sign in. Register a profile to manage your Dominion Energy account(s) online. In 2007, as part of another effort to refocus on core electric and gas operations, Dominion sold most of its Houston-based natural gas and oil exploration and production business for pre-tax proceeds of nearly $14 billion. During 2007, Dominion sold the majority of its oil and natural gas exploration and production assets to put additional focus on growing its electric generation and energy distribution, transmission, storage and retail businesses mainly in Virginia, West Virginia and North Carolina. To explore Dominion Energy‘s full profile, request access. Dominion Energy, Inc., commonly referred to as Dominion, is an American power and energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. [16] In 1901, the water rights passed to the newly formed Virginia Passenger & Power Company. [31][32] Dominion and Duke Energy canceled the pipeline in July 2020, citing cost increases due to lawsuits, largely from environmental groups opposed to the project. The EPA issued a final discharge permit called a National Pollution Discharge Elimination System (NPDES) for the Brayton Point Power Station requiring significant reductions in thermal discharges to, and water intake from, Mount Hope Bay.