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Dominion Energy Incorporated

Dominion Energy, Inc., commonly referred to as Dominion, is an American power and energy company.

Summary

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.

History

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 plants to sell natural gas transmission and storage assets to Berkshire Hathaway; the size of the deal is estimated at $10 billion.

Vision

By living our core values, we have provided safe, reliable and affordable energy to meet the needs of our customers and communities, as well as the expectations of our investors.

Mission

At Dominion Energy, our mission is to serve our customers safely and reliably; strengthen our communities; reward our shareholders; minimize environmental impacts, and live our values.

References

https://www.comparably.com/companies/dominion/mission

https://en.wikipedia.org/wiki/Dominion_Energy

https://www.crunchbase.com/organization/dominion-resources-inc

https://www.linkedin.com/company/dominionenergy