Dominion Energy, Inc. (Dominion or 'the company') formerly Dominion Resources, Inc., is one of the leading providers of electricity, natural gas and related services to customers primarily in the eastern region of the US. The company has a portfolio of assets which includes approximately 26,400 megawatts (MW) of generation, 6,600 miles of electric transmission lines, 57,600 miles of electric distribution lines, 14,900 miles of natural gas transmission, gathering and storage pipeline and 51,300 miles of gas distribution pipeline, exclusive of service lines. The company serves over six million utility and retail energy customers in one of the nation’s largest underground natural gas storage systems, with approximately 1 trillion cubic feet (Bcf) of storage capacity. Dominion operates through three operating segments: Dominion generation; Dominion energy and Dominion Virginia Power (DVP). The Dominion generation segment includes Virginia Power's generation facilities and its related energy supply operations as well as the generation operations of Dominion's merchant fleet and energy marketing and price risk management activities for these assets. Virginia Power is a regulated public utility that generates, transmits and distributes electricity for sale in Virginia and North Carolina. In Virginia, Virginia Power conducts business under the name “Dominion Virginia Power” and primarily serves retail customers. In North Carolina, it conducts business under the name “Dominion North Carolina Power” and serves retail customers located in the northeastern region of the state, excluding certain municipalities. In addition, Virginia Power sells electricity at wholesale prices to rural electric cooperatives, municipalities and into wholesale electricity markets. The generation capacity of Virginia Power's electric utility fleet totaled approximately 21,700 MW. The company's generation facilities are located in Virginia, West Virginia and North Carolina and serve load in Virginia and northeastern North Carolina; while the non-renewable generation facilities of Dominion's merchant fleet are located in Connecticut, Pennsylvania and Rhode Island, with a majority of that capacity concentrated in New England. It includes a fuel cell generation facility in Connecticut; solar generation facilities in Indiana, Georgia, California, Tennessee and Connecticut; and wind generation facilities in Indiana and West Virginia. As of December 31, 2016, the dominion generation segment recorded revenues of $6,747 million, a decrease of 3.6% compared to FY2015. Dominion energy segment’s operations include regulated natural gas operations. Dominion Gas, a wholly-owned subsidiary of Dominion and a holding company, serves as the intermediate parent company for the majority of Dominion’s regulated natural gas operating subsidiaries. It conduct business activities through a regulated interstate natural gas transmission pipeline and underground storage system in the Northeast, mid-Atlantic and Midwest states; regulated gas transportation and distribution operations in Ohio; and gas gathering and processing activities primarily in West Virginia, Ohio and Pennsylvania. Dominion Gas’ principal wholly-owned subsidiaries are Dominion Transmission (DTI), East Ohio and Dominion Iroquois. DTI is an interstate natural gas transmission pipeline company serving a broad mix of customers such as local gas distribution companies, marketers, interstate and intrastate pipelines, electric power generators and natural gas producers. The DTI system links to other major pipelines and markets in the mid-Atlantic, Northeast, and Midwest including Dominion’s Cove Point pipeline. East Ohio is a regulated natural gas distribution operation serving residential, commercial and industrial gas sales and transportation customers. Its service territory includes Cleveland, Akron, Canton, Youngstown and other eastern and western Ohio communities. Dominion Iroquois holds a 24.1% non-controlling partnership interest in Iroquois, a FERC-regulated interstate natural gas pipeline in New York and Connecticut. All of Dominion Gas’ membership interests are owned by Dominion. The segment also includes regulated liquefied natural gas (LNG) operations, Hope's gas distribution operations in West Virginia, and non-regulated retail natural gas marketing, as well as Dominion's investments in the Blue Racer joint venture, Atlantic Coast Pipeline and Dominion Midstream. The company's gas distribution operations serve residential, commercial, and industrial gas sales and transportation customers in Ohio. East Ohio’s gas distribution network is located in Ohio. It involves approximately 18,900 miles of pipe, exclusive of service lines. Moreover, Dominion Gas has approximately 10,400 miles of gas transmission, gathering and storage pipelines located in the states of Maryland, New York, Ohio, Pennsylvania, Virginia and West Virginia. It also owns natural gas liquids (NGL) processing plants capable of processing over 270,000 million cubic feet (Mcf) per day of natural gas. Hastings is the largest plant and is capable of processing over 180,000 Mcf per day of natural gas. Hastings can also fractionate over 580,000 Gals per day of NGL into marketable products, including propane, isobutane, butane and natural gasoline. NGL operations have storage capacity of 1,226,500 Gals of propane, 109,000 Gals of isobutane, 442,000 Gals of butane, 2,000,000 Gals of natural gasoline and 1,012,500 Gals of mixed NGLs. In addition, Dominion Gas operates 20 underground gas storage fields located in New York, Ohio, Pennsylvania and West Virginia, with approximately 2,000 storage wells and approximately 399,000 acres of operated leaseholds. The total designed capacity of the underground storage fields operated by Dominion Gas is approximately 929 Bcf. Certain storage fields are jointly owned and operated by Dominion Gas. The capacity of those fields owned by Dominion Gas’ partners totals approximately 220 Bcf. The dominion energy segment recorded revenues of $2,069 million in FY2016, an increase of 10.2% compared to FY2015. The company's DVP segment includes all of Virginia Power's regulated electric transmission and distribution operations which serve approximately 2.6 million residential, commercial, industrial and governmental customers in Virginia and North Carolina. DVP's electric transmission network includes approximately 6,600 miles of electric transmission lines of 69 kV or more located in the states of North Carolina, Virginia and West Virginia. The electric distribution network includes approximately 57,600 miles of distribution lines in Virginia and North Carolina. DVP's supply of electricity to serve retail customers is produced or procured by Dominion generation. The DVP segment recorded revenues of $2,210 million in FY2016, an increase of 5.7% over FY2015. The company also has another non-operating corporate and other segment that includes Dominion's corporate, service company, and other functions and the net impact of certain operations disposed of or to be disposed of.
Scope of the Report
-- About the Company - Historical Details, Current Ownership Structure and basic overview of Dominion Energy Inc. in terms of revenue, net income, and operating income.
-- Financials - Details about Dominion Energy Inc. listing status, annual financial reports (for the past 5 years), key financial highlights and region wise and category wise breakdown of their net revenue.
-- Products / Services - Listing of the company’s entire portfolio along with description of individual products / services providing a clear picture of their target audience.
-- Company SWOT Analysis - Outlines Dominion Energy Inc.’s strengths, weaknesses, and opportunities and threats facing the company.
-- Recent Developments - Showcases Dominion Energy Inc.’s recent developments including mergers, acquisitions, partnerships, collaborations, new product launches, investment and divestment plans.
-- Strategic Evaluation - Provides an overview of Dominion Energy Inc.’s corporate goals and strategic initiatives and evaluates their outcomes along with outlining any persisting legal issues and outlook of our in-house analyst panel on the particular company.
-- Technology Landscape - Details how the company allocates its IT budget across the core areas of its business, CIO/CTO Profile, Key IT Initiatives and Deals undertaken buy the company at present along with outlook.
Key Questions Answered
-- What domain does Dominion Energy Inc. operate and what are key points about it?
-- What is the product / service portfolio of Dominion Energy Inc.?
-- How has Dominion Energy Inc. performed financially from the 2013?
-- How does Dominion Energy Inc. rank among its peers in terms of revenue and market share?
-- What are Dominion Energy Inc. strengths and weaknesses and what opportunities and threats does it face?
-- What are Dominion Energy Inc.’s main growth strategies and how successful has the company been at implementing them?
-- What is the in-house technical capability of Dominion Energy Inc.? Where does it procure / outsource it?
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1. About the Company
1.1 History and Basic Facts
1.2 Ownership Structure and Key Executives
1.3 Head Office
1.4 Other Locations & Subsidiaries
1.5 List of Competitors
1.6 Employee Count & Distribution
2.1 Company Type (Listed / Unlisted)
2.2 Annual Statements
2.3 Key Financial Highlights
2.4 Region-wise Breakdown
3. Product / Services
4. SWOT Analysis
4.1 SWOT Overview
5. Recent Developments
5.1 Mergers & Acquisitions
5.2 Partnerships, Collaborations & Joint Ventures
5.3 New Product Launches
5.4 Business Expansion / Divestment
6. Strategic Evaluation
6.1 Corporate Strategy
6.2 Legal Issues
6.3 Analyst Outlook
7. Technology Landscape
-- 7.1.1 Industry Snapshot
-- 7.1.2 IT Spend
-- 7.1.3 Key Information Technology Trends
-- 7.2.1 IT Overview
-- 7.2.2 Key IT Technologies
-- 7.2.3 Recent IT Initiatives
-- 7.2.4 IT Outsourcing Engagements
-- 7.2.5 Key IT Management
-- 7.2.6 CIO/CTO Profile
-- About Us
-- Contact Us
Fig.1: Company Snapshot
Fig.2: Locations Listing on Map
Table.1: Ownership Structure
Table.2: List of Competitors
Table.3: Annual Statements
Table.4: Key Financial Highlights
Table.5: Region-wise Breakdown
Table.6: Product/Services Overview
Table.7: Mergers & Acquisitions
Table.8: Partnerships, Collaborations & Joint Ventures
Table.9: New Product Launches
Table.10: Business Expansion / Divestment
Table 11: IT Budgets
Table 12: Key IT Management (CIO / CTO)
Table 13: IT Deals undertaken in the past years