| Business Summary | | Dominion
Resources,
Inc.
is
a
fully
integrated
gas
and
electric
holding
company.
Its
principal
subsidiaries
are
Virginia
Electric
and
Power
Company
and
Consolidated
Natural
Gas
Company
(CNG).
Virginia
Power
is
a
regulated
public
utility
engaged
in
the
generation,
transmission,
distribution
and
sale
of
electric
energy
within
a
30,000-square-mile
area
in
Virginia
and
northeastern
North
Carolina.
Virginia
Power
sells
electricity
to
approximately
2.1
million
retail
customers
and
to
wholesale
customers,
such
as
rural
electric
cooperatives,
municipalities,
power
marketers
and
other
utilities.
CNG
operates
in
all
phases
of
the
natural
gas
industry,
including
exploration
for,
and
production
of,
oil
and
natural
gas
in
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Dominion
Res.
is
the
holding
co.
for
VA
Electric
and
Power
Co.,
Consolidated
Natural
Gas
Co.
and
Dominion
Energy
Inc.,
and
offers
fin'l
services
through
Dominion
Capital,
Inc.
For
the
six
months
ended
6/30/01,
revenues
rose
34%
to
$5.51
billion.
Net
income
before
acct'g
change
totaled
$318
million,
up
from
$49
million.
Revenues
reflect
the
CNG
acquisition,
higher
fuel
rates
and
customer
growth.
Earnings
also
reflect
the
absence
of
$392
million
in
restructuring
and
acquisition-related
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thos. Capps, 65 Chairman,
Pres, CEO | $4.3M | Thomas Chewning, 55 CFO,
Exec. VP | 1.3M | Thomas Farrell, II, 46 Exec.
VP | 1.7M | James O'Hanlon, 57 Exec.
VP and Pres and COO of Virginia Electric and Power Co | 1.3M | Robert Rigsby, 51 Exec.
VP and Pres and COO of Virginia Electric and Power Co | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|