December 29, 2014 12:54 AM 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 and Dominion Generation. The Dominion Virginia Power segment is engaged in regulated electric transmission and distribution operations, including customer service. 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 operations. This segment generates electricity from coal, nuclear, gas, oil, hydro, and renewables with a total generation capacity of 19...

120 Tredegar Street

Richmond, VA 23219

United States

Founded in 1909

6,700 Employees

Phone:

804-819-2000

Key Executives for Virginia Electric and Power Company

Chairman
Age: 59
President and Chief Operating Officer
Age: 54
President and Chief Operating Officer
Age: 59
President and Chief Nuclear Officer
Age: 56
President and Director
Age: 46
Compensation as of Fiscal Year 2014.

Virginia Electric and Power Company Key Developments

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

Dominion Virginia Power announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported earnings was $119 million against $121 million a year ago. Earnings per share were $0.20 against $0.21 a year ago. For the nine months, the company reported earnings was $366 million against $349 million a year ago. Earnings per share were $0.63 against $0.60 a year ago.

Virginia Electric & Power Co. Wins $17.69 Million Federal Contract

Virginia Electric & Power Co. was awarded a $17,687,041 federal contract by the Defense Logistics Agency Energy, Fort Belvoir, Virginia, for ownership, operation and maintenance of the electrical distribution system for the U.S. Army.

North Carolina Department of Utilities Commission Issues Order Granting Second Extension of Time Matter of Decommissioning Costs for Nuclear Power Plants Owned Operated by Progress Energy Carolinas, Inc., Duke Energy Carolinas and Virginia Electric and Power Company

The North Carolina Utilities Commission issued the following order in the matter of decommissioning costs for Nuclear Power Plants Owned and operated by Carolina Power & Light Company, d/b/a Progress Energy Carolinas, Inc., Duke Energy Carolinas, LLC, and Virginia Electric and Power Company d/b/a Dominion North Carolina Power. On August 12, 2014, the Commission issued an order granting extension of time in the captioned docket. The Order sets September 10, 2014 as the date for Duke Energy Carolinas, LLC (DEC) to file its Nuclear Decommissioning Cost and Funding Report. On September 5, 2014, DEC filed a Motion for Second Extension of Time requesting an additional thirty days in which to file the Report. In support of its motion, DEC states that due to the timing of the completion of a study being used to prepare the Report DEC needs additional time to adequately prepare the Report. In addition, DEC states that it has conferred with the public staff and the public staff does not object to the requested extension of time.

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