The Company in Depth

Detailed Statistics
  • By Category
  • By Year

    Latest on Wall Street
  • SEC Filings
  • Stock Quote & Chart

    Company in the News?
  • Check for Post Articles
  • Check for AP Articles

    Search The Post 200
    The Top 100 Public Cos.
    Top 35 Financial Institutions
    Beyond the Beltway: Top 35 VA
    Beyond the Beltway: Top 30 MD
    Post 200 Home

  • Spacer
    Washington Post 200 -- Beyond the Beltway: Top 35 VA Cos.

    Dominion Resources Inc.
    list rank
    From the April 28, 1997, Washington Post

    '96 (in $ 000s) % Change From '95
    Revenue 4,800,000 3.2
    Net Income 472,000 11.1
    Rank Last Year: 6
    Dominion Resources is a utility-holding company that provides electricity to almost two million customers in Virginia and North Carolina through Virginia Power and North Carolina Power. It also has interests in natural gas, non-utility power production, investment management, commercial lending and real estate. Dominion has ownership and operating interests in 27 generating facilities in six states, plus Argentina, Belize, Bolivia and Peru.

    Business Resume:
    • Contact Info --
      901 E. Byrd St.
      Richmond, Va. 23219
    • Main Business --
    • Founded --
    • Chairperson --
      Thomas E. Capps (CEO)
    • President --
      Thomas E. Capps
    • Employees --
    • D.C.-Area Employees --
    Dominion paid $2.2 billion to purchase East Midlands Electricity, one of the recently privatized utility companies in Britain. The acquisition, which was completed March 14, is intended to give Dominion experience competing in a deregulated utility industry and to help prepare for the advent of competition for retail customers in the United States. Midlands will become a separate subsidiary.

    Dominion Energy, a subsidiary of Dominion Resources, acquired a majority ownership and operating interest in Egenor, a state-owned power generating company in Peru. Dominion Energy acquired its 60 percent interest in the 405-megawatt entity in competitive bidding, paying $228 million. On the natural gas side, Dominion Energy expanded its reserves by about 15 percent through acquisitions.

    Dominion Capital, a financial services subsidiary, acquired Saxon Mortgage of Richmond, a company that generated more than $700 million in loan volume in the last six months of 1996.

    Virginia Power continued to cut costs to prepare for the coming competition. Its energy services company that it created in late 1995 began providing services. Evantage, as the business is called, announced an alliance with Westinghouse Electrical Systems & Services Division to provide energy services to industrial, commercial and government customers.

    Copyright 1997 The Washington Post

    Back to the top

    Navigation image map
    Home page Site Index Search Help!