Dominion Resources Changes its Name to Reflect Market Evolution
Dominion Resources, one of the nation’s largest power generators, has changed its name and the names of key subsidiaries, including Dominion Virginia Power.
The Richmond, Va.–headquartered company that has a power portfolio of 26.2 GW, sizable transmission assets, as well as natural gas storage systems and pipelines, will now be known as “Dominion Energy.”
The names of Dominion Energy’s three operating segments—through which the company manages its daily operations and that the company uses in its financial reporting to the U.S. Securities and Exchange Commission—have been also revised. Power Delivery Group, Power Generation Group, and Gas Infrastructure Group will replace Dominion Virginia Power, Dominion Generation, and Dominion Energy, respectively, the company said.
Several customer-facing entities are also seeing name changes. Questar Corp., a gas pipeline, storage, and local distribution company acquired by Dominion last year in a $ 4.4 billion deal, will now be known as the “Dominion Questar Corp.” The company also has a new logo.
The name changes recognize the company’s “focus on the evolving energy marketplace and to unify our brand after last year’s merger with Questar,” said Thomas F.…