Dominion Resources Inc was incorporated in Virginia in 1983. The Company is a provider of electricity, natural gas and related services to customers in the eastern region of the U.S. It manages its daily operations through three operating segments namely Dominion Virginia Power of DVP, Dominion Energy and Dominion Generation. DVP includes the Company's regulated electric transmission, distribution and customer service operations, as well as its non regulated retail energy marketing operations. Dominion Energy includes its Ohio regulated natural gas distribution company, regulated gas transmission pipeline and storage operations, including gathering and extraction activities, regulated LNG operations and its remaining E&P operations. Dominion Energy also includes producer services, which aggregates natural gas supply, engages in natural gas trading and marketing activities and natural gas supply management and provides price risk management services to Dominion affiliates. The Company owns an underground natural gas storage system, with approximately 947 bcf of storage capacity. The Company also operates a liquefied natural gas import and storage facility in Maryland. The Company's retail energy marketing operations compete against incumbent utilities and other energy marketers in non regulated energy markets for natural gas and electricity. Its Energy's gas transmission operations compete with domestic and Canadian pipeline companies. Each of the Company's operating segments faces substantial laws, regulations and compliance costs with respect to environmental matters. It is subject to regulation by the Virginia Commission, North Carolina Commission.
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