Dominion Electric Supply history

Vepco became independent in 1947, with 450,000 gas and electric customers.

The decision was upheld by the United States Supreme Court in 1953, and the project was begun.

Erwin Will succeeded Holtzclaw as president in 1956.

The year 1957 was one of growth for Dominion.

Alfred H. (Pete) McDowell, Jr., succeeded Will in 1958, Will remaining as board chairman.

In 1959 McDowell and Will observed that Vepco, unlike some utilities, did not depend on large customers in any one industry and had thus been insulated somewhat from economic hard times.

In 1965 Vepco's annual revenues were $215 million.

In 1980, Dominion Resources, Inc., was incorporated as the holding company for VEPCO.

Vepco was buying cheap coal-fired power from adjacent utilities near midwestern coal fields at the time, in mid-1982, and was taking advantage of a freer market in bulk power.

1983: Dominion Resources, Inc. (DRI) is organized as a holding company for Vepco.

Dominion Resources formed its first new subsidiary, an investment management company, Dominion Capital, in 1985.

The company formed a third subsidiary in 1987, Dominion Energy, a developer of power plants to perform in this open market.

Thomas E. Capps, executive vice-president of Virginia Power, who succeeded Berry as DRI's president and CEO in 1990, was responsible for external social, legal, and political tasks.

To handle the growing business and better address the needs of Maryland customers, Dominion opened a second distribution center and showroom in 1991 at 8610 Cherry Lane in Laurel.

In 1992, Dominion Capital, the subsidiary devoted to bringing in revenue through investment activities, created a mutual fund that invested in utility stocks.

In 1993, Dominion purchased the assets of US Electric Supply and moved into their building in Gaithersburg, Maryland.

A protracted boardroom dispute was sparked in June 1994 when Dominion tried to increase its authority over Virginia Power, which was then accounting for more than 90 percent of DRI's total revenue, by changing the make-up of the board.

The DRI-CNG merger, which was complete by March 2000, boosted DRI's customer base to four million in five states across the Mid-Atlantic, Northeast, and Midwest, effectively transforming Dominion into one of the largest gas and electric utilities in the United States.

The new facility opened in 2003 at 4080 Westfax Drive to accommodate the need for expanded inventory, with a separate area for wire, cable, and pipe.

In 2007, as part of another effort to refocus on core electric and gas operations, Dominion sold most of its Houston-based natural gas and oil exploration and production business for pre-tax proceeds of nearly $14 billion.

In 2010, the 717 N. Hammonds Ferry Road, Linthicum location moved to 1740 Twin Springs Road, inside the city limits.

In 2012, Dominion purchased the assets and moved into the location of YES Electric.

In 2017, Dominion acquired 5015 Lee Highway, adjacent to its headquarters at 5053 Lee Highway.

In 2019, the corporate office at 5053 Lee Highway got an exterior facelift and a few fresh coats of paint.

On January 20, 2020, Dominion opened its 10th branch in Ashburn, Virgina at 21005 Ashburn Crossing Drive.