Power Services Incorporated history

Berry's response to industry changes was called "cagey and controversial" by Forbes in May 1988.

It sold its natural gas operation in 1990, while its subsidiary Dominion Energy became involved in joint ventures to acquire and develop natural gas reserves.

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

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.

AEP moved into natural gas in 1998 with the purchase of the natural gas midstream operations of Equitable Resources in Louisiana.

Dominion re-branded all of its operations in 2000 to Dominion from Virginia and North Carolina Power as well as Consolidated Gas in order to create a more unified energy company.

In a January 11, 2001 interview with Jack Cafferty of CNNfn, Capps critiqued the regulators' and the industry's poor handling of deregulation in California by contrast to the prudent, proactive, and visionary measures taken by Dominion.

Indeed, despite turbulence in the market, Dominion looked strong in 2002: the company had tripled its stock price in the past ten years and issued dividends to its stockholders for 297 consecutive quarters.

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 2011, FirstEnergy expanded its customer base and service territory by completing a merger with Allegheny Energy, a Greensburg, Pennsylvania-based company that served 1.6 million customers in Pennsylvania, West Virginia, Maryland and Virginia.

The beginning of 2018 saw the launch of IBM’s scale-out family of IBM POWER9 servers.