Dominion Resources, Inc. is an American energy and power company based in Richmond, Virginia.
It is one of the country’s largest producers and transporters of energy.
Dominion Resources, Inc. is publicly traded on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘D’.
The company, which was incorporated in Virginia in 1983, has a portfolio of assets includes approximately 6,400 miles of electric transmission lines, 23,600 MW of generating capacity, 57,000 miles of electric distribution lines, 10,900 miles of natural gas transmission, gathering and storage pipeline and 21,900 miles of gas distribution pipeline.
Dominion supplies electricity to Virginia and North Carolina and supplies natural gas to areas in Ohio, West Virginia, North Carolina, and Pennsylvania, serving around 6 million utility and retail energy customers.
Dominion has three primary operating segments: DVP (electric distribution and electric transmission), Dominion Generation (regulated electric fleet, merchant electric fleet, nonregulated retail energy marketing) and Dominion Energy (gas transmission and storage, gas distribution and storage, LNG services, producer services).
Overview
- Chairman and CEO: Thomas F. Farrell II
- CFO: Mark F. McGettrick
- Type: Public
- Industry: Energy
- Publicly listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: D
- S&P 500 Component
- Revenue: $13.120 billion USD (2013)
- Net income: $1.720 billion USD (2013)
- Diluted earnings per share: $2.93 USD (2013)
- Founded: 1983
- Employees: 14,500 (2013)
- Corporate headquarters: 120 Tredegar Street, Richmond, Virginia, USA
- Corporate contact number: (804) 819-2000
- Investor relations email address: [email protected]
- Website: https://www.dom.com
| Operating data (in $ millions) | 2013 | 2012 |
| Operating Revenue | $13,120 | $12,835 |
| Electric fuel and other energy-related purchases | $3,885 | $3,645 |
| Purchased electric capacity | $358 | $387 |
| Purchased gas | $1,331 | $1,177 |
| Other operations and maintenance | $2,459 | $3,091 |
| Depreciation, depletion and amortization | $1,208 | $1,127 |
| Other taxes | $563 | $550 |
| Total operating expenses | $9,804 | $9,977 |
| Income from operations | $3,316 | $2,858 |
| Other income | $265 | $223 |
| Income tax expense | $892 | $811 |
| Net income | $1,720 | $329 |
| Net income attributable to Dominion | $1,697 | $302 |
| Balance sheet data (in $ millions) | ||
| Total assets | $50,096 | $46,838 |
| Total liabilities | $38,197 | $35,956 |
| Total equity | $11,642 | $10,625 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $3,433 | $4,137 |
| Net cash used in investing activities | $(3,458) | $(3,840) |
| Net cash provided by (used in) financing activities | $93 | $(151) |
| Cash and cash equivalents at end of period | $316 | $248 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $2.93 | $0.53 |
| Diluted earnings (loss) per common share | $2.93 | $0.53 |
Source: “Dominion Resources, Inc. 2013 Annual Report”