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March 30, 2015 10:29 PM ET

Electric Utilities

Company Overview of Dominion Generation Corporation

Company Overview

Dominion Generation Corporation engages in electric generation. The company generates electricity using fossil fuels and other renewable sources of energy. The company is based in Richmond, Vermont. Dominion Generation Corporation operates as a subsidiary of Virginia Power Services, LLC.

120 Tredegar Street

Richmond, VT 23219

United States

Phone:

804-819-2000

Fax:

804-771-4295

Key Executives for Dominion Generation Corporation

Chief Executive Officer
Age: 59
Compensation as of Fiscal Year 2014.

Dominion Generation Corporation Key Developments

Dominion Generation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Dominion Generation announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported earnings was $326 million against $340 million a year ago. Earnings per share were $0.56 against $0.58 a year ago. For the nine months, the company reported earnings was $794 million against $779 million a year ago. Earnings per share were $1.36 against $1.35 a year ago.

Dominion Generation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Dominion Generation reported unaudited earnings results for the second quarter and six months ended June 30, 2014. The company reported operating earnings of $159 million, or $0.27 per share against operating earnings of $185 million, or $0.32 per share a year ago. EBIT was $306 million in the second quarter, which was below the midpoint of its guidance range. For the six months, the company reported operating earnings of $468 million, or $0.80 per share against operating earnings of $439 million, or $0.76 per share a year ago.

Dominion Generation Reports Earnings Results for the First Quarter of 2014

Dominion Generation reported earnings results for the first quarter of 2014. The company produced EBIT of $561 million in the first quarter, which was above its guidance range. EBIT from utility generation was above the guidance range because of higher kilowatt hour sales due to cold weather. Also, revenues from ancillary services were above expectations due to the weather extremes in PJM. EBIT from merchant generation was above its guidance range because of higher gross margins.

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