October 21, 2016 7:28 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, Dominion Virginia Power (DVP) and Dominion Generation. The DVP segment engages in the regulated electric transmission and distribution operations, including customer service. It has approximately 6,500 miles of electric transmission lines of 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 supply ...

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: 62
President and Chief Operating Officer
Age: 56
President and Chief Operating Officer
Age: 61
President and Chief Nuclear Officer
Age: 58
President and Director
Age: 48
Compensation as of Fiscal Year 2016.

Virginia Electric and Power Company Key Developments

Dominion Virginia Power Files an Application with Virginia Regulators to Build 17.6-MWac Solar Facility on the Naval Air Station Oceana in Virginia Beach, Virginia

Dominion Virginia Power has formally filed an application with the Virginia regulators to build a 17.6-MWac solar facility on the Naval Air Station Oceana in Virginia Beach, Va. The solar facility and the related 34.5-kV interconnection facilities will cost about $39.6 million, or $2,252 per kW, excluding financing costs. The project will be built in partnership with the U.S. Department of the Navy and the Commonwealth of Virginia. In the case of the Navy, it will receive an alternative electric feed in exchange for the nearly 100 acres that will house 179,000 solar panels. Meanwhile, the commonwealth agreed to purchase the electrical output of the facility for a 25-year term, inclusive of renewable energy credits. The retired renewable energy credits will not be used for compliance with a renewable energy portfolio standard.

Dominion Starts Construction on $1.3 Billion Greensville County Power Station

Dominion Virginia Power has begun construction on its 1,588- megawatt Greensville County Power Station, immediately after the Virginia Air Pollution Control Board approved the station's air permit. The air permit issued on June 17 was the last regulatory hurdle the station had to clear before it could start construction. The power station will be a major boost for the region's economy. In its first year of operation, it is expected to provide up to $8 million in property taxes for Greensville County. Post-construction economic benefits are projected to amount to about $36 million annually, and about 166 jobs will be supported, with roughly half of these in Greensville County. Over its expected 36 year life, the station will save Dominion Virginia Power customers about $2 billion as a result of the company not having to purchase power from market sources. The Greensville County Power Station will be Dominion's second major generation project in Southside. The 1,358-megawatt combined-cycle facility is located just 5 miles from the Greensville site.

The Commonwealth of Virginia, Microsoft and Dominion Virginia Power Forms Private-Public Partnership to Construct 20MW Solar Energy Facility in Virginia

The Commonwealth of Virginia, Microsoft and Dominion Virginia Power have formed a private-public partnership to construct a 20MW solar energy facility in Virginia. The project will be constructed at Fauquier County near Remington generating station, on a piece of land owned by Dominion Virginia Power. The project, which will have the capacity to power 5,000 homes, is expected to start operations in late 2017.

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