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Dominion operates one of the nation’s largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves utility and retail energy customers in 10 states. Dominion practices environmental stewardship and contributes more than $20 million annually to the environment, education, arts and culture, and health and human services.
The company is headquartered in Richmond, Virginia, supplying 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. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
The company acquired Questar Corporation in the Western United States, including parts of Utah and Wyoming, in September 2016. In January 2019, Dominion Energy completed its acquisition of SCANA Corporation.
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. In 1787, the Virginia General Assembly created the Appomattox Trustees to promote navigation along the Appomattox River. In 1795, the trustees formed the Upper Appomattox Company to build dams along the river for industrial use, beginning Dominion’s history. In 1901, the water rights passed to the newly formed Virginia Passenger & Power Company.
In January 2018, Reuters reported that Dominion Energy would be buying SCANA Corporation for $7.9 billion. the acquisition was completed in January 2019. In the summer of 2018, Dominion Energy launched a “grid transformation program.” The program’s aim was to build 3,000 megawatts worth of new solar and wind energy by the year 2022. The program was launched under the authority of the Grid Transformation & Security Act, a state law signed by Virginia Governor Ralph Northam. “The law paves the way for expanded investments in renewable energy, smart grid technology, a stronger, more secure grid and energy efficiency programs . . .”.
In July 2020, Dominion announced plans to sell natural gas transmission and storage assets to Berkshire Hathaway. The size of the deal was estimated at $10 billion.
The company is on a comprehensive mission to serve its customers safely and reliably, strengthen its communities, reward its shareholders, minimise environmental impacts, and live its values.
By living its core values, the company has provided safe, reliable and affordable energy to meet the needs of its customers and communities, as well as the expectations of its investors.
