Dominion Energy facts for kids
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Formerly
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Dominion Resources (1983–2017) Virginia Electric and Power Company (VEPCO) (1925–1983) Virginia Railway and Power Company (1909–1925) |
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| Industry | Electric utility |
| Founded | 1983 in Virginia, U.S. |
| Headquarters | Richmond, Virginia, U.S. |
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Area served
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Georgia, Idaho, North Carolina, Ohio, Pennsylvania, South Carolina, Utah, Virginia, West Virginia, Wyoming |
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Key people
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Robert Blue (CEO and Chairman) James R. Chapman (CFO) |
| Products | Electricity Natural gas |
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Operating income
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Number of employees
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21,000 (2019) |
| Divisions | Gas Infrastructure Group, Power Generation Group, Power Delivery Group, Southeast Energy Group |
Dominion Energy, Inc. is a big American energy company. It is based in Richmond, Virginia. Dominion Energy provides electricity to homes and businesses in parts of Virginia, North Carolina, and South Carolina. It also delivers natural gas to parts of Utah, Idaho, Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. The company also has power plants in other states like Indiana and Illinois.
In 2016, Dominion Energy bought Questar Corporation, which serves customers in Utah and Wyoming. Later, in 2019, they also bought SCANA Corporation.
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About Dominion Energy
Dominion Energy has many different energy facilities. They can produce 27,000 megawatts of power. They also have thousands of miles of power lines to send electricity. For natural gas, they have pipelines that stretch for 14,000 miles.
Dominion Energy runs the largest natural gas storage place in the country. It can hold a huge amount of natural gas. They also have a special port called Cove Point on the Chesapeake Bay. This port helps bring in liquefied natural gas (LNG). Dominion Energy serves over 5 million customers across the U.S.
In 2017, Dominion Energy was listed as one of the 500 largest companies in the U.S. by Fortune 500.
How Dominion Energy Makes Power
In 2022, Dominion Energy used different sources to make electricity:
- 18 percent came from coal.
- 23 percent came from nuclear power.
- 48 percent came from natural gas.
- 11 percent came from hydro (water power) and other renewable energy sources.
The company is working to use more wind and biomass (energy from plants). They also want to help people use less energy through conservation programs. This helps the environment.
Dominion Energy's History
Dominion Energy has a long history, going back to the 1700s. Early companies that are part of Dominion Energy today used to operate canals, river boats, street lights, and electric trolleys.
In 1795, a company called Upper Appomattox Company started building dams to use river power. This was an early step in Dominion's history. Later, in 1901, these water rights went to the Virginia Passenger & Power Company.
The company that is closest to today's Dominion Energy was founded in 1909. It was called Virginia Railway & Power Company. In 1925, its name changed to Virginia Electric and Power Company (VEPCO). In 1983, VEPCO became a larger company called Dominion Resources.
Over the years, Dominion expanded its services. In 1986, they started serving Northern Virginia. They also grew by adding natural gas services. In 2000, Dominion bought Consolidated Natural Gas Company. This helped them provide natural gas to more areas.
In 2017, Dominion Resources changed its name to Dominion Energy. They also got a new logo. In 2018, Dominion Energy announced a "grid transformation program." This plan aims to build more solar and wind energy projects. It will help make the power grid stronger and more secure.
In 2020, Dominion Energy planned to sell some of its natural gas businesses to Berkshire Hathaway. In 2022, they sold Dominion Energy West Virginia, which now operates as "Hope Gas." In 2023, they agreed to sell more natural gas companies to Enbridge.
How Dominion Energy Works
Dominion Energy has different parts that handle its operations:
Dominion Generation
This part of the company makes electricity. They generate power for customers in Virginia and North Carolina. They also sell electricity to other markets in the Northeast and Midwest United States. Making electricity is the biggest part of what Dominion does.
Dominion Virginia and North Carolina Power
This group is in charge of sending electricity from power plants to homes and businesses. They transmit and distribute power in Virginia, North Carolina, Connecticut, and West Virginia.
Dominion Energy (Gas and Solar)
This part of the company handles:
- Delivering natural gas to customers.
- Moving and storing natural gas in pipelines.
- Working with producers of natural gas.
- Investing in solar energy projects.
Future Plans
Dominion Energy is working on big projects for the future.
They are building a huge offshore wind farm off the coast of Virginia. This project is called Coastal Virginia Offshore Wind, or CVOW. It will add more than 2,600 megawatts of clean energy to their power grid. This means it could power 650,000 homes. This will be one of the largest offshore wind projects in the country. Dominion Energy plans to have all the wind turbines working by 2026.
Helping Communities
Dominion Energy helps communities through its Dominion Foundation. This foundation gives about $20 million each year to charities. These charities are in the states where Dominion Energy operates.
The company also has a program called the Benjamin J. Lambert, III, Volunteer of the Year Program. This program honors employees who do a lot of volunteer work. Dominion gives $1,000 to the charity chosen by each honored volunteer.
In 2020, during the coronavirus pandemic, Dominion Energy helped its customers. They stopped turning off service for people who couldn't pay. They also helped people get their service back on and removed late fees. The company's charity foundation also gave $1 million to groups helping with COVID-19 relief.
Images for kids
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Dominion's Chesterfield Power Station
