Dominion Named 'Most Admired' Electric & Gas Utility By 'Fortune' Magazine
RICHMOND, Va., March 10, 2015 /PRNewswire/ -- Dominion (NYSE: D) has achieved Fortune magazine's No. 1 ranking for electric and gas utilities in this year's annual "Most Admired" companies survey. Dominion has been ranked each of the past 10 years, coming in second in 2012, 2013 and 2014.
Thomas F. Farrell II, chairman, president and chief executive officer, said:
"We are pleased to receive this honor on behalf of our customers, communities, employees and shareholders. Our 14,500 employees' dedication and commitment to the success of the company has made this recognition possible."
The "Most Admired" rankings were based on surveys provided to industry executives, board members and analysts in late 2014. Fifteen electric and gas utilities were judged in nine categories. Dominion finished first in five of them – people management, use of corporate assets, quality of management, financial soundness and long-term investment value. The company placed second in three categories and third in the remaining one.
Fortune has published its "Most Admired" list for more than 30 years.
This accolade adds to another received in late 2014, when Dominion was named Electric Light & Power's "Utility of the Year."
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 24,600 megawatts of generation, 12,400 miles of natural gas transmission, gathering and storage pipeline and 6,455 miles of electric transmission lines. Dominion operates one of the nation's largest natural gas storage systems with 949 billion cubic feet of storage capacity and serves utility and retail energy customers in 12 states. For more information about Dominion, visit the company's website at www.dom.com.
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