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November 27, 2015 5:53 PM ET

Electric Utilities

Company Overview of Virginia Electric and Power Company

Company Overview

Virginia Electric and Power Company, a regulated public utility, generates, transmits and distributes electricity for sale in Virginia and North Carolina. It operates in two segments, DVP and Dominion Generation. The Dominion Virginia Power segment is engaged in regulated electric transmission and distribution operations, including customer service. It has approximately 6,400 miles of electric transmission lines of approximately 69 kilovolt located in the states of North Carolina, Virginia, and West Virginia. This segment serves approximately 2.5 million customers. The Dominion Generation segment is involved in the generation operations of regulated electric utility; and its related energy s...

120 Tredegar Street

Richmond, VA 23219

United States

Founded in 1909

6,800 Employees



Key Executives for Virginia Electric and Power Company

Chairman, Chief Executive Officer, Member of Audit Committee, Chairman of Dominion Resources, Inc, Chief Executive Officer of Dominion Resources, Inc and President of Dominion Resources, Inc
Age: 61
President and Chief Operating Officer
Age: 55
President and Chief Operating Officer
Age: 60
President and Chief Nuclear Officer
Age: 57
President and Director
Age: 47
Compensation as of Fiscal Year 2015.

Virginia Electric and Power Company Key Developments

Dominion Virginia Power Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Dominion Virginia Power announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported earnings was $125 million against $119 million a year ago. Earnings per share were $0.21 against $0.20 a year ago. EBITDA was $388 million. For the nine months, the company reported earnings was $382 million against $366 million a year ago. Earnings per share were $0.64 against $0.63 a year ago.

Dominion Virginia Power Plans to Build 56 Megawatts of Large-Scale Solar Facilities

Dominion Virginia Power announced that it is planning to construct 56 megawatts of large-scale solar facilities by December 2016. If the project is approved by Virginia State Corporation Commission, then construction will commence next spring, creating 960 jobs over the next two years and offering direct and indirect economic benefits to the state of around USD 74.2 million.

The US Department of the Navy Signs Solar Energy Purchase Contract with Virginia Electric and Power Company for Naval Station Norfolk

The US Department of the Navy has awarded a contract to Virginia Electric and Power Company for the long-term purchase of 25MW direct current to supply 6% of Naval Station (NS) Norfolk. As part of this development, a fixed-tilt, solar photovoltaic (PV) generation facility, Morgans Corner, is currently being constructed at Pasquotank County, North Carolina. The new facility, which will span 110 acres and consist of 81,054 solar panels, is due to come into service by April next year. The latest agreement is expected to strengthen the power portfolio of NS Norfolk and offer long-term cost stability by guaranteeing a fixed-price for the term.

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April 8, 2015
77 Acres of Lexington Seven

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