DOMINION RES NEW, (D) Stock Research Free Stock Rating

Company Profile

Dominion Resources, Inc. operates as an integrated gas and electric holding company. It operates through four segments: Dominion Delivery (DD), Dominion Energy (DE), Dominion Exploration and Production (DEP), and Dominion Generation (DG). Dominion Delivery segment manages the company’s electric and gas distribution systems and customer service operations, as well as retail energy marketing operations. Dominion Energy segment operates gas transmission pipeline and storage system; electric transmission system; LNG import and storage facility; and energy trading, marketing, hedging, and arbitrage activities. Dominion Exploration and Production segment manages the company’s gas and oil exploration, development, and production operations. Dominion Generation segment manages the generation operations of Dominion’s electric utility and merchant fleet, and its power purchase agreements. Its generation facilities are located in Virginia, West Virginia, North Carolina, Connecticut, Illinois, Indiana, Pennsylvania, and Ohio. As of December 31, 2004, DD’s electric distribution network included approximately 54,000 miles of distribution lines; DE had approximately 6,000 miles of electric transmission lines located in the states of North Carolina, Virginia, and West Virginia; DEP owned 5.9 trillion cubic feet of proved equivalent natural gas reserves and produced approximately 1.2 billion cubic feet of equivalent natural gas per day from its leasehold acreage and facility investments; and DG had proved gas and oil reserves of 5,003 billion cubic feet and 148,598 billion barrels. The company serves governmental agencies and wholesale customers, such as rural electric cooperatives, municipalities, power marketers, and other utilities in Virginia and northeastern North Carolina, as well as residential, commercial, and industrial gas sales and transportation customer accounts in Ohio, Pennsylvania, and West Virginia. Dominion Resources was incorporated in 1983 and is headquartered in Richmond, Virginia.

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