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Home > Fortune 500 Companies > Dominion Resources
Dominion Resources
Dominion Resources Inc. is a publicly traded company having a good stock performance result. Dominion Resources Inc. is a fortune 500 stock listed company trading under D. The company was established in 1909 and is headquartered in Richmond, Virginia.
Dominion Resources, Inc. functions as an integrated gas and electric holding company in the United States. The company operates in four segments of Dominion Delivery, Dominion Generation, Dominion Energy, and Dominion Exploration and Production. Dominion Delivery segment engages in regulated electric and gas distribution and customer service business, as well as in no regulated retail energy marketing operations. The segment’s electric distribution serves customers through around 54,000 miles of distribution lines in Virginia and northeastern North Carolina. The gas distribution serves customers with about 27,000 miles of gas pipe in Pennsylvania, Ohio, and West Virginia.
Dominion Generation segment produces power with approximately 28,100 megawatts of generation capability. It operates in Virginia, West Virginia, Rhode Island, North Carolina, Connecticut, Illinois, Ohio, Massachusetts, Indiana, Pennsylvania, and Wisconsin.
Dominion Energy functions in tariff-based electric transmission, natural gas transmission pipeline and storage businesses. It has approximately 6,000 miles of electric transmission lines in Virginia, North Carolina and West Virginia; and approximately 7,800 miles of gas transmission, gathering, and storage pipelines in Maryland, New York, Ohio etc.
Dominion Exploration and Production segment explores and produces gas and oil in the U.S., the Gulf of Mexico, and western Canada. As of December 31, 2005, it had total proved gas reserves of 4,962 billion cubic feet and total proved oil reserves of 217,698 thousands of barrels.
Dominion Resources ranks no. 123 on this year's list of the Fortune 500, with 18,041 million dollars in revenues, up 29percent from the previous year. As of December 31, 2005, we reported 4.3 billion dollars of goodwill on our Consolidated Balance Sheet, a significant portion of which resulted from the acquisition of Consolidated Natural Gas Company in 2000. The 2005 and 2004 annual tests did not result in the recognition of any goodwill impairment, as the estimated fair values of our reporting units exceeded their respective carrying amounts. In 2003, impairment charges of 78 million dollars were recognized as a result of interim tests conducted for certain DCI subsidiaries and their suspended telecommunications business.
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