RICHMOND, Va., Dec. 15, 2014 /PRNewswire/ -- Dominion (NYSE: D) has been named Electric Light & Power magazine's 2014 'Utility of the Year.' The magazine, known as the authoritative source of electric industry business news, annually recognizes the best companies and chief executives.
"We at Dominion are delighted to receive this recognition from Electric Light & Power," said Thomas F. Farrell II, chairman, president and chief executive officer at Dominion Resources. "This reflects the commitment of our employees who have worked hard and done their jobs well. This award also demonstrates our commitment to serve our customers reliably while focusing on our core values: safety, ethics, excellence and teamwork."
Each year Electric Light and Power chooses as its top utility "a power company whose work has stood out over the past year as well as throughout its history." The magazine lists its criteria as including customer satisfaction, philanthropic endeavors, infrastructure investments, environmental and sustainability initiatives, profitability and management of market risks.
Electric Light & Power Senior Editor Kristen Wright wrote that Dominion "ranked high in numerous areas, especially for its safety record, reputation, infrastructure investments, financials, philanthropy and proactive measures to curb emissions."
Over the past several years, Dominion has received national awards highlighting the company's efforts in areas including environmental stewardship, natural resources conservation, volunteerism, community impact and support of employees serving in the National Guard or Reserve.
Dominion will accept the 'Utility of the Year' award Feb. 2, 2015, in San Diego.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 24,900 megawatts of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline, and 6,400 miles of electric transmission lines. Dominion operates one of the nation's largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves utility and retail energy customers in 10 states. For more information about Dominion, visit the company's website at www.dom.com.
About Electric Light & Power
Known as the voice of the electric utility industry since 1922, Electric Light & Power is the authoritative source of electric industry business news for electric utility executives and management. Electric Light & Power provides insight into industry news, financial, legal and regulatory issues. It reviews generation trends, smart grid technology, information technology and customer information systems, renewable energy, energy efficiency and much more. This single source provides a broad view of the electric utility industry, with in-depth analysis of key business issues and regular interviews with industry leaders. Electric Light & Power is the official partner of the Electric Light & Power Executive Conference and is part of PennWell's Global Energy Group. Visit www.elp.com for more information.