2005 Post 200
Dominion Resources Inc.
120 Tredegar St.
Richmond, Va. 23219
www.dom.com
Industry: Energy
Post 200 Category: Top Companies Headquartered in Virginia
Revenue: $13.97 Billion
Net Income/Loss: $1.25 Billion
Earnings per share: $3.78
Dividend: $2.60
Stockholder equity: $11.43 Billion
Auditor: Deloitte & Touche LLP
Stock: D
Assets: $45.45 Billion
Market capitalization: $26.12 Billion
52-week high: 76.87 4/6/2005
52-week low: 60.78 5/12/2004
Chairman and CEO: Thomas E. Capps
President and COO: Thomas F. Farrell II
Employees: 16500
Local employees: 1076
Description: Dominion Resources is one of the nation's largest producers of energy, from sources that include coal, nuclear, gas, oil and hydro. Its generating capacity is more than 28,000 megawatts of electric power, distributed over 6,000 miles of transmission lines. It holds 6.4 trillion cubic feet of natural gas reserves, 7,900 miles of natural gas pipelines and a system capable of storing more than 960 billion cubic feet of gas. The company has more than 5 million retail customers in eight states.
Developments: Dominion boosted its electric generating capacity last year by buying three fossil-fuel facilities in New England and by completing a gas-fired station that had been under development in eastern Pennsylvania. These facilities boosted Dominion's total generating output about 15 percent, to about 28,100 megawatts early this year from about 24,400 megawatts at the beginning of 2004. On the natural gas front, the company began operation of Devils Tower, a platform about 100 miles southeast of New Orleans in the Gulf of Mexico. Dominion owns 75 percent of the project, its fourth deepwater producing property but the first operated by Dominion. Most of the company's production is from onshore fields. Also last year, the company began design work on expansions at Dominion Cove Point LNG, a liquefied natural gas facility on the Chesapeake Bay in Maryland. The planned expansions would increase the plant's maximum daily output 800 million cubic feet, to 1.8 billion. Storage capacity at the terminal would reach about 14.6 billion cubic feet by 2008, if the plans are approved by federal regulators. The company raised its dividend, to an expected $2.68 per share in 2005, after paying $2.60 for 10 years.