Business & Tech

Five Things to Know About Dominion Power

Dominion is one of the nation's largest producers and transporters of energy.

Dominion Power's been the focus of recent news. Here are five things to know about the company that you may have praised or cursed this week.

1. William P. Barr, McLean neighbor, is a member of the Dominion Power board of directors. His power was restored Thursday afternoon after six days without it.

"No special treatment," Barr said in a note to McLean Patch. Barr, who joined the Dominion board in 2009, lives in the vicinity of Towlston Road which was hard hit by Friday night's high winds that left thousands without power.

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Barr was the Attorney General of the United States under George H.W. Bush from 1991-1993. He is a longtime McLean resident.

2. Dominion, headquartered in Richmond, is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 28,000 megawatts of electric generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 63,100 miles of electric transmission and distribution lines, according to its 2011 annual report.

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The company operates the largest natural gas storage system in the United States, according to the report.

3. The formal name of the company is Dominion Resources which is divided into three operating units. One of those is Dominion Virginia Power, which contributed 25 percent of the company's operating earnings, according to the 2011 annual report.

Dominion Virginia Power operates regulated electric transmission and distribution franchises in Virginia and northeastern North Carolina, providing electric service to about 2.4 million customer accounts in the two-state area, according to the annual report.

4. Thomas F. Farrell II heads the company. He has been chairman, president and chief executive officer of Dominion since April 2007. He is also a member of the board of directors, according to Dominion.

Farrell served as president and chief executive officer of Dominion from January 2006 to April 2007, and served in various executive positions prior to that. He is chairman of the board and chief executive officer of Virginia Electric and Power Company, a wholly-owned subsidiary of Dominion, and was chairman, president and chief executive officer of CNG, a former wholly-owned subsidiary of Dominion, according to Dominion.

5. Farrell's 2011 compensation: $13.9 million, according to Bloomberg Businessweek.

The New York Times reported in February that Farrell is the energy industry and is finance chairman for the Mitt Romney campaign.


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