Dominion (formerly Dominion Resources) NYSE: D is a power and energy company headquartered in Richmond, Virginia, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina. Dominion also has generation facilities in Indiana, Illinois and Connecticut. Before the main merger, the company was previously known as Virginia Power and North Carolina Power.
Controversy
Dominion Resources has been involved in seeking legislation to deregulate retail electric service in Virginia. In 2007, the Virginia General Assembly adopted legislation to "reregulate" but granted various rate concessions in connection with this new legislation, including the indexing of rates to measurers of inflation, thereby reducing the need to seek the Virginia State Corporation Commission's approval of rate increases. The Dominion Political Action Committee has been very active in donating to Virginia candidates. In 2007, the Dominion PAC has donated $427,148 with 43% going to Republicans and 56% to Democrats.[1] There are also controversies surrounding the Dominion Cove Point LNG, LP subsidiary, described in a separate article.
External links
References
- ^ http://www.vpap.org/donors/results_level2.cfm?kEY=ORH000201250 Retrieved 2007-10-05.
