Dominion Resources

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Dominion (formerly Dominion Resources) NYSE: D www.dom.comis 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, Connecticut and Massachusetts.

Before the main merger, the company was previously known as Virginia Power and North Carolina Power.

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[edit] 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.

[edit] Environmental Record

Dominion Resources Incorporated was 19th on the Political Economy Research Institute's (PERI) 2002 Toxic 100. The company was responsible for 15.15 million pounds of toxic air emissions in the year of 2002.[2] In December of 2007, a settlement between the United States Environmental Protection Agency (EPA) and Dominion Energy of Brayton Point called for the company's power generating plant to install new closed cycle cooling towers that provided significant protection to aquatic organisms in Mount Hope Bay, which flows into Narragansett Bay. The 2007 settlement resolved an ongoing dispute that began in 2003. The EPA issued a final discharge permit called a National Pollution Discharge Elimination System (NPDES) for the Brayton Point Power Station requiring significant reductions in thermal discharges to, and water intake from, Mount Hope Bay.[3] In 2002, Dominion was responsible for 1,110,703 pounds of gastrointestinal or Liver Toxicant emissions, 1,440,000 pounds of Musculoskeletal Toxicant emissions, and 1,489,763 pounds of suspected respiratory toxicant emissions, and 1,478,383 pounds of suspected skin or sense organ toxicant emissions among other emissins that are suspected to be hazardous.[4]

[edit] References

  1. ^ http://www.vpap.org/donors/results_level2.cfm?kEY=ORH000201250 Retrieved 2007-10-05.
  2. ^ http://www.peri.umass.edu/Toxic-100-Table.265.0.html
  3. ^ Settlement Will Spur Major Environmental Improvements at Brayton Point Power Plant | Newsroom | US EPA
  4. ^ Environmental Releases for DOMINION RESOURCES INC. YORKTOWN POWER STATION

[edit] External links

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