Dominion Resources

Dominion Resources, a large electric and gas utility holding company serving mostly Virginia and North Carolina, has big ambitions to spread its wings nationally and internationally in gas, while carefully hedging its electricity business. The company’s strategy is eclectic. “Eclectic.” Miriam-Webster’s Collegiate Dictionary, 11th Edition, defines the word as “1: selecting what appears to be […]

Richmond, Va.–based Dominion Resources announced on February 1 that it would add to its more than 12,000 miles of natural gas transmission, gathering, and storage pipeline, by acquiring Salt Lake City, Utah–headquartered Questar Corp. The $4.4 billion deal would pay Questar shareholders $25 per share of common stock, a 30% premium to the company’s volume-weighted […]