Dominion Energy, Inc.
Explore Dominion Energy
Core profile pages, annual revenue records, and related research hubs for this company.
Dominion Energy, Inc.
Explore Dominion Energy
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1983 in Richmond, Virginia
Dominion Energy's roots begin with Virginia Electric and Power Company, formed in 1925 from the consolidation of earlier Virginia utility assets. The modern holding company took shape in 1983 as Dominion Resources after VEPCO combined with North Carolina Natural Gas. That history matters because today's Dominion is still fundamentally a utility infrastructure company: it grows by building, maintaining, and financing assets that regulators allow into customer rates.
VEPCO created the regulated electric-utility foundation that later became central to Dominion Energy's Virginia operations.
Dominion Resources created the corporate structure that later became Dominion Energy.
Virginia Electric and Power Company is formed from earlier Virginia utility assets.
VEPCO and North Carolina Natural Gas combine into Dominion Resources.
Dominion expands its gas footprint through the acquisition of Consolidated Natural Gas.
Dominion completes the SCANA acquisition, adding South Carolina electric and gas utility operations.
Dominion and Duke cancel the Atlantic Coast Pipeline as costs and permitting uncertainty rise.
Dominion reports $16.5 billion in FY2025 operating revenue and $3.0 billion in net income.
Dominion enters a May 2026 merger agreement with NextEra Energy, pending approvals.
Expanded Dominion's natural gas platform.
Added South Carolina electric and gas utility operations.
NextEra agreed to acquire Dominion through a merger structure.
Dominion Energy's modern holding company was formed in 1983 as Dominion Resources, with key Virginia utility roots in VEPCO dating to 1925.
The 2020s reset toward regulated utilities and the May 2026 NextEra merger agreement are the most important recent turning points.
This profile covers the founding story, operating model, leadership changes, financials, acquisitions, and current strategic context.