In 1901, the water rights passed to the newly formed Virginia Passenger & Power Company. In 1795, the trustees formed the Upper Appomattox Company to build dams along the river for industrial use, beginning Dominion's history. In 1787, the Virginia General Assembly created the Appomattox Trustees to promote navigation along the Appomattox River. History ĭominion's corporate roots reach back to the Colonial era through predecessor companies that operated canal and river barging, street lighting, railways, and electric trolleys. A strategy is being developed for renewable energy sources, primarily wind and biomass, and conservation and efficiency programs to play an increasingly important role in meeting future energy needs and minimizing the company's environmental footprint. In 2015, 18 percent of Dominion's total electric production came from coal, 22 percent from nuclear power, 32 percent from natural gas, 9 percent from oil, 12 percent from Hydro and other renewables, and 7 percent from other sources. A book about the company's 100-year history, Dominion’s First Century: A Legacy of Service, was published in 2010.
In 2017, Dominion was listed at #238 on the Fortune 500. Dominion serves more than 5 million retail energy customers in the Midwest, mid-Atlantic and Northeast regions of the U.S. The company's Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay is one of the nation's largest and busiest facilities of its kind. Dominion also operates the nation's largest natural gas storage facility, amounting to more than 975 billion cubic feet (2.76 ×10 10 m 3) of storage capacity. The company's asset portfolio includes 27,000 megawatts of power generation, 6,000 miles (9,700 km) of electric transmission lines, 54,000 miles (87,000 km) of distribution lines, 14,000 miles (23,000 km) of natural gas transmission, gathering and storage pipeline, and 1.2 trillion cubic feet (34 km 3) equivalent of natural gas and oil reserves. 3.4 Dominion Exploration and Production.3.2 Dominion Virginia and North Carolina Power.Payment of the 2022 dividend is subject to quarterly determination and declaration by the board of directors of specific record and payable dates. Subject to board declaration in January, the first quarterly dividend of 66.75 cents per share will be payable in March 2022.Ībout 7 million customers in 13 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit to learn more. 15, 2021 /PRNewswire/ - The board of directors of Dominion Energy (NYSE: D) today approved a 2022 dividend of $2.67 per share of common stock, a 6% increase above the 2021 dividend rate of $2.52 per share.
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