Virginia Electric and Power Company - D- Profile

Virginia Electric & Power Company. The Group's principal activity is to generate, transmit and distribute power for sale in Virginia and northeastern North Carolina. The three primary operating segments of the Group are Generation, Energy and Delivery. The Generation manages the Group's electric generating facilities and power purchase contracts. The Energy manages the Group's electric transmission and energy trading, hedging and arbitrage activities. The Delivery manages the Group's electric distribution and transmission systems, with electric transmission lines and customer service operations. The Group sells electricity to approximately 2.3 million retail customers, including governmental agencies, and to wholesale customers such as rural electric cooperatives, municipalities, power marketers and other utilities. The Group is a wholly owned subsidiary of Dominion Resources, Inc. Generation accounted for 75% of 2005 revenues; Delivery, 21%; Energy, 4% and Corporate, nom