Dominion Energy, Inc.

Dominion Energy, Inc.

Dominion Energy, Inc.

Overview
Date Founded

1983

Headquarters

120 Tredegar Street, Richmond, VA, 23219, USA

Type of Company

Public

Employees (Worldwide)

19.1K

Industries

Power & Utilities
Other Business & Consulting Services

Company Description

Dominion Energy, Inc. engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure. The Power Delivery segment regulates electric distribution and transmission. The Power Generation segment includes regulated electric fleet and merchant electric fleet. The Gas Infrastructure segment comprises gas transmission and storage, gas distribution and storage, liquefied natural gas import, and storage. The company was founded by William W. Berry in 1983 and is headquartered in Richmond, VA.

Contact Data
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Executives & Employees

President & Chief Executive Officer

President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President & Chief Operating Officer

Chief Compliance Officer, Senior Vice President & General Counsel

Senior Vice President & Chief Information Officer

Chief Environmental Officer

Chief Nuclear Officer & Senior Vice President

Senior Vice President & Chief Innovation Officer

Vice President, Controller & Chief Accounting Officer

Board of Directors

President, Chief Executive Officer & Director at Dominion Energy Services, Inc.

Former Executive Vice President, President & Chief Executive Officer of Southern Company Services at The Southern Company

Annenberg Distinguished Visiting Fellow at Hoover Institution

Former Chairman, President & Chief Executive Officer at Atlantic City Electric Co.

Chief Executive Officer at Endurance Capital LLC (New York)

President & Chief Executive Officer at The Dragas Cos.

Chairman of the Board, President & Chief Executive Officer at Bassett Furniture Industries, Inc.

Vice Chairman at Utah Symphony & Opera

Chairman & Chief Executive Officer at Lincoln Harris LLC

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Owners & Shareholders
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CWGI is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach; (2) long-established, global research; (3) a multiple portfolio counselor system that combines teamwork with individual accountability; (4) experienced, long-tenured investment professionals; and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System wherein the assets of each fund are divided into smaller, more manageable portions. Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results and portfolio counselors are free to make their own decisions. Investment decisions are based on internal research.

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WAM utilizes structural arbitrage and relative value strategies that seek to capture returns on capital through the purchase of securities below their theoretical fair value and through the reduction of related sources of risk. The firm invests in equity, credit, commodity, and volatility asset classes.

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WMC relies on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macro-analysts, quantitative analysts and technical analysts. WMC’s portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team’s investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

Recent Transactions
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BP Wind Energy North America, Inc., BP Plc purchase Dominion Fowler Ridge Wind LLC /Fowler Ridge 1 Wind Asset from Dominion Energy, Inc.

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Dominion Energy, Inc. purchases Pivotal LNG, Inc. from The Southern Company

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Interstate Gas Supply, Inc. purchases Scana Energy Marketing, Inc. from Dominion Energy, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onDominion Energy, Inc. purchases Consolidated Natural Gas Co.

Legal Advisor

Advised onDominion Energy, Inc. purchases SCANA Corporation

Auditor

Advised onDominion Energy, Inc. issued USD Common Stock

Legal Advisor

Advised onDominion Energy, Inc. purchases SCANA Corporation

Legal Advisor

Advised onDominion Energy, Inc. purchases SCANA Corporation

Houston Office Managing Partner

Advised onDominion Energy, Inc. purchases SCANA Corporation

Advisors & Consultants
Advisor

Vice Chairman at CBRE, Inc.

Advisor

Former Vice Chairman & Senior Partner, Energy & Resources at Deloitte LLP

Advisor

Partner at Heidrick & Struggles International, Inc.

Clients

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.

Massachusetts Institute of Technology (MIT) is a private research university located in Cambridge, Massachusetts, United States. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific, engineering, and technological education and research. Founded in 1861 in response to the increasing industrialization of the United States, the institute used a polytechnic university model and stressed laboratory instruction. MIT was elected to the Association of American Universities in 1934.

Key Stats and Financials As of 2019
Market Capitalization
$64.1B
Total Enterprise Value
$110B
Earnings Per Share
$1.62
Revenue
$16.4B
EBITDAMargin
44.79%
Total Debt
$38.4B
EBITDA
$7.36B
Total Equity
$34B
Net Profit
$1.36B
Enterprise Value Sales
6.67x
Enterprise Value EBITDAOperating
14.82x
TEVNet Income
80.69x
Debt TEV
0.35x
Three Year Compounded Annual Growth Rate Of Revenue
12.92%
Non-Profit Donations & Grants
Political Donations
$1,000
1999
$250
1998
Investments
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Power Assure, Inc. is a developer of data center infrastructure and energy management software for large enterprises, government agencies, and managed service providers. Power Assure's solutions provide visibility, intelligence, analytics and automation to help chief information officers (CIOs), information technology directors, and facilities managers optimize capacity, service levels, and power consumption within and across data centers. Power Assure was founded in 2007 and is headquartered in Santa Clara, California.

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APA EE Australia Pty Ltd. provides pipeline transportation services for gas companies. It offers gas and petroleum pipeline management, operation and maintenance, pipeline engineering audits, gas engine maintenance, provision and maintenance of gas gathering and processing, corrosion assessment, repair and management, intelligent pigging program management and operation, and remote equipment monitoring and control services. The company was founded in December 2006 and is headquartered in Adelaide, Australia.

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Dynegy, Inc. operates as a holding company with interest in the production and sale of electric energy, capacity and ancillary services from its fleet of power plants. It operates through three segments: Coal, IPH and Gas. The Coal segment operates through Dynegy Midwest Generation, LLC, which owns, directly and indirectly certain of their coal-fired power generation facilities in Illinois. The IPH segment includes IPGC or Genco, which also owns, directly and indirectly, certain of its coal-fired power generation facilities in Illinois. The Gas segment operates both intermediate and peaking natural gas plants, located in the Midwest, Northeast and California. The company was founded in 1984 and is headquartered in Houston, TX.

Investors
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Life Peer at United Kingdom House of Lords

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Life Peer at United Kingdom House of Lords

Suppliers
EQT Corp. Power & Utilities | Pittsburgh, PA

Not every company can say it mixes the experience and strength of a 120-year-old company with the attitude and innovation of a startup, but EQT does just that. Through our production activities, EQT has developed smarter and cleaner drilling technologies, enabling us to have grown to be one of the country’s largest natural gas producers. Operating in four states, we are a technology-driven leader in the integration of air and horizontal drilling. Through our midstream business, we are fulfilling a need for safer, more technologically-advanced energy infrastructure by building and operating new pipelines, processing plants, and storage facilities. We are committed to meeting the country’s growing demand for clean energy, while continuing to promote safety, provide a rewarding workplace, and enrich the communities where our employees live and work. EQT stands out from the pack with its vision, innovation, sound business practices, and environmental conscientiousness.

MYR Group, Inc. Engineering, Construction & Architecture | Rolling Meadows, IL

MYR Group Inc. has been a leader in the electrical construction industry since 1891 and is currently one of the largest contractors serving the transmission and distribution (T&D) sector of the United States electrical utility industry. Our T&D clients include more than 125 electric utilities, cooperatives and municipalities nationwide. MYR Group also provides commercial and industrial (C&I) electrical contracting services to facility owners and general contractors in the Western United States. MYR Group companies offer a broad range of services including complete engineering, procurement and construction (EPC), upgrades, maintenance and repair services. Our companies offer proven safety performance, top-notch construction and pre-construction services, sophisticated project management and controls, and decades of field construction experience. We are capable of handling every aspect of large, fast-track projects in both the T&D and C&I markets. MYR Group companies have extensive experience working with a variety of project delivery methods: Traditional bid-build Construction only Design assist - constructability and estimating support during the design phase Full turnkey engineering-procurement-construction (EPC) of large complete projects MYR Group is currently represented by six subsidiaries, which consistently rank as leaders in the electrical contracting industry: The L.E. Myers Co.; Harlan Electric Company; Hawkeye Construction, Inc.; Sturgeon Electric Company, Inc.; Great Southwestern Construction, Inc. and MYR Transmission Services, Inc. With a broad national presence, skilled workforce, experienced management team, and one of the nation’s largest fleets of specialized transmission and distribution equipment, MYR Group is a powerful partner for success.

Pike Corp. Engineering, Construction & Architecture | Mount Airy, NC

Pike Corp. engages in the provision of construction, repair, and engineering services for distribution and transmission powerlines and substations. It also offers renewable maintenance services, storm restoration, gas distribution, system hardening, testing and commissioning, renewable system design, technical services, and project management services. The company was founded by Floyd S. Pike in 1945 and is headquartered in Raleigh, NC.

Competitors
Public Service Enterprise Group, Inc. Power & Utilities - Newark, NJ

Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. The firm operates through the following two segments: Public Service Electric & Gas Co. (PSE&G) and PSEG Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas. The PSEG Power segment wholesales energy, fuel supply, and energy transacting functions. Its products and services include energy, capacity, ancillary services, and emissions allowances and congestion credits. The company was founded in 1903 and is headquartered in Newark, NJ.

Duke Energy Corp. Power & Utilities - Charlotte, NC

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

Xcel Energy, Inc. Power & Utilities - Minneapolis, MN

Our products and services differ based on state. Please select your state (or the state you're interested in) from the list to the left. Why do our products and services differ based on state? Because our business is regulated by state. We have regulated operations in eight Western and Midwestern states. The different regulatory body for each state we serve determines what products and services we deliver in that state

Awards & Honors
Rank #243
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #243
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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