ented a program of identification, testing and potential remediation activities. Segments The company manages its daily operations through three primary segments, such as DVP, Dominion Generation and Dominion Energy. DVP This segment of the company and Virginia Power includes Virginia Power’s regulated electric transmission and distribution (including customer service) operations, which serve approximately 2.5 million residential, commercial, industrial and governmental customers in Virginia and North Carolina. The company is a member of PJM Interconnection, L.L.C. (PJM), a regional transmission organization (RTO), and its electric transmission facilities are integrated into PJM wholesale electricity markets. The company has approximately 6,500 miles of electric transmission lines of 69 kilovolt or more located in the states of North Carolina, Virginia and West Virginia. Portions of Virginia Power’s electric transmission lines cross national parks and forests under permits entitling the federal government to use, at specified charges, any surplus capacity that may exist in these lines. While the company owns and maintains its electric transmission facilities, they are a part of PJM, which coordinates the planning, operation, emergency assistance and exchange of capacity and energy for such facilities. In addition, Virginia Power’s electric distribution network includes approximately 57,300 miles of distribution lines, exclusive of service level lines, in Virginia and North Carolina. Seasonality This segment’s earnings vary seasonally as a result of the impact of changes in temperature, the impact of storms and other catastrophic weather events, and the availability of alternative sources for heating on demand by residential and commercial customers. Generally, the demand for electricity peaks during the summer and winter months to meet cooling and heating needs. Regulation The company, Virginia Power and Dominion Gas, collectively (companies) are subject to regulation by various federal, state and local authorities, including the Virginia State Corporation Commission, North Carolina Utilities Commission, Public Utilities Commission of Ohio, Public Service Commission of West Virginia, Maryland Public Service Commission, Securities and Exchange Commission, FERC, Environmental Protection Agency, Department of Energy, Nuclear Regulatory Commission, Army Corps of Engineers, and the Department of Transportation. The companies are subject to a number of federal and state laws and regulations, including Occupational Safety and Health Administration, and comparable state statutes, whose purpose is to protect the health and safety of workers. Dominion Generation This segment includes the generation operations of the Virginia Power regulated electric utility and its related energy supply operations. The company’s utility generation operations primarily serve the supply requirements for the DVP segment’s utility customers. The Dominion Generation segment includes the company’s generation facilities and its related energy supply operations, as well as the generation operations of the company’s merchant fleet and energy marketing and price risk management activities for these assets. This segment has two licensed, operating nuclear reactors at Millstone in Connecticut. A third Millstone unit ceased operations before Dominion acquired the power station. The generation capacity of the company’s electric utility fleet totals approximately 20,000 MW. The generation mix is diversified and includes coal, nuclear, gas, oil, hydro, renewables, and power purchase agreements. The company’s generation facilities are located in Virginia, West Virginia and North Carolina and serve load in Virginia and northeastern North Carolina. Dominion Energy This segment includes the majority of its regulated natural gas operations. DTI, the gas transmission pipeline and storage business, serves gas distribution businesses and other customers in the Northeast, mid-Atlantic and Midwest. Included in the transmission pipeline and storage business is gas gathering and processing activity, which includes the sale of extra
dominion resources inc/va (D:New York)
120 Tredegar Street
Richmond, VA 23219
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