| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-30 | restructuring | completed | Corporate | USD 13 (millions) | other f5-10q / Qwen3.6-27B-Q8_0 | In the first quarter of 2024, Dominion Energy recorded a charge of $13 million ($10 million after-tax) in other operations and maintenance expense related to a severance accrual for certain employees in connection with the business review. | |||||
| 2025-06-30 | restructuring | completed | Corporate | USD 13 (millions) | other f5-10q / Qwen3.6-27B-Q8_0 | Severance accrual for certain employees in connection with the business review completed in March 2024. Disclosed in Q2 2025 filing as part of prior period context. | |||||
| 2025-03-31 | restructuring | completed | USD 13 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge related to a severance accrual for certain employees in connection with the business review. | ||||||
| 2024-12-31 | restructuring | completed | 2024-03-31 | 2024-12-31 | United States | Corporate | USD 13 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance accrual for certain employees in connection with the comprehensive business review completed March 2024; $10M after-tax | ||
| 2024-12-31 | divestiture_reduction | completed | 2023-09-01 | 2024-03-06 | United States — Ohio | Gas Distribution Operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | East Ohio Transaction closed March 6, 2024; sale of gas distribution operations to Enbridge for $4.3B cash plus $2.3B assumed debt; headcount not disclosed | |||
| 2024-12-31 | divestiture_reduction | completed | 2023-09-01 | 2024-05-31 | United States — Utah, Wyoming | Gas Distribution Operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Questar Gas Transaction closed May 31, 2024; sale to Enbridge for $3.0B cash plus $1.3B assumed debt; headcount not disclosed | |||
| 2024-12-31 | divestiture_reduction | completed | 2023-09-01 | 2024-09-30 | United States — North Carolina | Gas Distribution Operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | PSNC Transaction closed September 30, 2024; sale to Enbridge for $2.0B cash plus $1.3B assumed debt; headcount not disclosed | |||
| 2024-12-31 | divestiture_reduction | completed | 2023-07-01 | 2023-09-30 | United States | LNG — Cove Point | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% noncontrolling interest in Cove Point to BHE for ~$3.3B; completed September 2023 (prior fiscal year, referenced in current filing) | |||
| 2024-09-30 | restructuring | completed | 2024-01-01 | 2024-03-31 | United States | Corporate and Other | USD 13 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accrual for certain employees in connection with the business review completed in March 2024. Employee count not disclosed. | ||
| 2024-06-30 | restructuring | completed | 2024-03-31 | United States | Corporate | USD 13 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accrual recorded in Q1 2024 for certain employees in connection with the business review completed March 2024; $10M after-tax. No employee count disclosed. | |||
| 2024-06-30 | divestiture_reduction | completed | 2023-09-05 | 2024-03-06 | United States (Ohio) | Regulated gas distribution | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | East Ohio Transaction closed March 6, 2024; workforce transferred to Enbridge. No headcount disclosed. | |||
| 2024-06-30 | divestiture_reduction | completed | 2023-09-05 | 2024-05-31 | United States (Utah, Wyoming) | Regulated gas distribution | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Questar Gas Transaction closed May 31, 2024; workforce transferred to Enbridge. No headcount disclosed. | |||
| 2024-06-30 | divestiture_reduction | announced | 2023-09-05 | 2024-09-30 | United States (North Carolina) | Regulated gas distribution | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | PSNC Transaction expected to close Q3 2024; workforce will transfer to Enbridge. No headcount disclosed. | |||
| 2024-06-30 | restructuring | completed | 2024-01-01 | 2024-03-31 | United States | Corporate | USD 13 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accrual for certain employees in connection with the business review completed in March 2024. Employee count not disclosed. | ||
| 2024-06-30 | restructuring | completed | 2024-01-01 | 2024-03-31 | United States | Discontinued Operations (East Ohio) | USD 23 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Contribution to defined contribution employee savings plan associated with the closing of the East Ohio Transaction. Employee count not disclosed. | ||
| 2024-03-31 | restructuring | in_progress | 2024-03-31 | United States | Corporate | USD 13 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accrual of $13M ($10M after-tax) in other O&M for certain employees in connection with the business review; no employee count disclosed. | |||
| 2024-03-31 | divestiture_reduction | completed | 2023-09-05 | 2024-03-06 | United States (Ohio) | Dominion Energy South Carolina / Regulated gas distribution (East Ohio) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | East Ohio Transaction closed March 6, 2024; no headcount removed disclosed. Pre-tax loss of $102M ($108M after-tax) recognized. | |||
| 2024-03-31 | divestiture_reduction | announced | 2023-09-05 | 2024-09-30 | United States (North Carolina) | Regulated gas distribution (PSNC) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | PSNC Transaction expected to close Q3 2024; no headcount removed disclosed. | |||
| 2024-03-31 | divestiture_reduction | announced | 2023-09-05 | 2024-06-30 | United States (Utah, Wyoming, Idaho) | Regulated gas distribution (Questar Gas and Wexpro) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Questar Gas Transaction expected to close Q2 2024; no headcount removed disclosed. | |||
| 2024-03-31 | restructuring | completed | 2024-03-31 | 2024-03-31 | United States | Corporate and Other | USD 13 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge of $13 million ($10 million after-tax) in other operations and maintenance expense related to a severance accrual for certain employees in connection with the business review. | ||
| 2024-03-31 | divestiture_reduction | completed | 2024-03-06 | 2024-03-06 | United States | Corporate and Other (East Ohio Transaction) | USD 23 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge of $23 million ($17 million after-tax) within discontinued operations attributable to a contribution to its defined contribution employee savings plan associated with the closing of the East Ohio Transaction. | ||
| 2023-12-31 | divestiture_reduction | in_progress | 2023-09-05 | 2024-12-31 | Ohio | Regulated natural gas distribution (Corporate and Other / discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement to sell East Ohio Gas Company to Enbridge for $4.3 billion cash plus assumption of approximately $2.3 billion of long-term debt. Expected to close in 2024, subject to a termination right if not completed by September 2024 (with a potential three-month extension). Employee counts not disclosed; the held-for-sale operations remained consolidated at year-end, so affected employees are within the disclosed headcount. A $50 million pre-tax charge including goodwill impairment was recorded in 2023. | |||
| 2023-12-31 | divestiture_reduction | in_progress | 2023-09 | 2024-12-31 | North Carolina | Regulated natural gas distribution (Corporate and Other / discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement to sell PSNC to Enbridge for $2.2 billion cash plus assumption of approximately $1.0 billion of long-term debt. Expected to close in 2024, subject to a termination right if not completed by September 2024 (with a potential three-month extension). Employee counts not disclosed; the held-for-sale operations remained consolidated at year-end, so affected employees are within the disclosed headcount. Filer expects a pre-tax gain of approximately $30 million (approximately $370 million after-tax loss) at closing, including write-off of non-deductible goodwill. | |||
| 2023-12-31 | divestiture_reduction | in_progress | 2023-09 | 2024-12-31 | Utah, southwestern Wyoming and southeastern Idaho | Regulated natural gas distribution (Corporate and Other / discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement to sell Questar Gas, Wexpro and related affiliates to Enbridge for $3.0 billion cash plus assumption of approximately $1.3 billion of long-term debt. Expected to close in 2024, subject to a termination right if not completed by September 2024 (with a potential three-month extension). Employee counts not disclosed; the held-for-sale operations remained consolidated at year-end, so affected employees are within the disclosed headcount. A $284 million pre-tax charge including goodwill impairment was recorded in 2023. | |||
| 2022-12-31 | divestiture_reduction | completed | 2022-02 | 2022-08 | United States (West Virginia) | Gas Distribution | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 100% of Hope to Ullico for $690 million cash, closed August 2022; headcount impact not disclosed | |||
| 2022-12-31 | divestiture_reduction | completed | 2021-05 | 2022-06 | United States (Wisconsin) | Contracted Assets | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Kewaunee to EnergySolutions closed June 2022 following Wisconsin Commission approval; headcount impact not disclosed | |||
| 2022-12-31 | divestiture_reduction | completed | 2022-03 | 2022-03 | United States | Corporate and Other | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of remaining 15% noncontrolling interest in Wrangler for $85 million cash; headcount impact not disclosed | |||
| 2022-12-31 | divestiture_reduction | completed | 2022-02 | 2022-12-31 | United States (VA, TX, PA, SC) | Corporate and Other | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Contribution of privatization operations to Dominion Privatization JV in two closings (March and December 2022); headcount impact not disclosed | |||
| 2021-12-31 | other | completed | United States | Corporate and Other | USD 62 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | After-tax charges for workplace realignment in 2021, primarily related to termination of a corporate office lease; no employee count disclosed. | ||||
| 2021-12-31 | divestiture_reduction | announced | 2022-02-01 | 2022-12-31 | United States (West Virginia) | Gas Distribution | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | February 2022 agreement to sell 100% of Hope (Hope Gas) to Ullico for $690 million cash; expected to close by end of 2022 subject to HSR and West Virginia Commission approval. No headcount disclosed. | |||
| 2021-12-31 | voluntary_separation | completed | 2019-03-01 | United States | Corporate and Other | USD 427 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Voluntary retirement program announced in March 2019. Charge of $427 million recorded in 2019. Mentioned in 2021 context regarding absence of severance payments. | |||
| 2021-09-30 | restructuring | completed | 2021-03-01 | 2021-03-31 | Richmond, Virginia | Corporate | USD 71 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Termination of corporate office leasing arrangement. Charge of $71 million recorded in Q1 2021. Employee count not disclosed. | ||
| 2021-09-30 | restructuring | completed | 2021-01-01 | 2021-09-30 | United States | Corporate | USD 61 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Workplace realignment charges of $61 million after-tax recorded in the nine months ended Sept 30, 2021. Employee count not disclosed. | ||
| 2020-12-31 | divestiture_reduction | completed | 2020-07-03 | 2020-11-01 | United States | Gas Transmission and Storage Operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | GT&S Transaction: sale of substantially all gas transmission and storage operations to BHE completed November 1, 2020; employee headcount transferred not disclosed. | |||
| 2020-12-31 | divestiture_reduction | announced | 2020-10-05 | 2021-06-30 | United States | Gas Transmission and Storage Operations (Rocky Mountain region) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q-Pipe Transaction: sale of Dominion Energy Questar Pipeline and related entities to BHE; expected to close early 2021; employee headcount transferred not disclosed. | |||
| 2020-12-31 | restructuring | completed | 2020-07-16 | 2020-07-16 | United States | Atlantic Coast Pipeline Project | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cancellation of the Atlantic Coast Pipeline Project announced July 2020; equity method loss of $2.3 billion recorded; associated employee displacement not quantified. | |||
| 2020-12-31 | voluntary_separation | completed | 2019-03-01 | 2019-12-31 | United States | Corporate and Other | USD 427 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Voluntary retirement program announced in March 2019. Charge of $427 million recorded in 2019. Mentioned in 2020 vs 2019 comparison as 'absence of charges'. | ||
| 2020-09-30 | divestiture_reduction | completed | 2020-07-03 | 2020-11-01 | United States | Gas Transmission & Storage Operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | GT&S Transaction: sale of substantially all gas transmission and storage operations to BHE for ~$10B total value including ~$4.0B cash. Completed November 1, 2020. Employee headcount transferred not disclosed. | |||
| 2020-09-30 | divestiture_reduction | announced | 2020-10-05 | 2021-06-30 | United States | Gas Transmission & Storage Operations (Questar Pipeline) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q-Pipe Transaction: proposed sale of Dominion Energy Questar Pipeline and related entities to BHE for $1.3B cash plus assumption of long-term debt. Announced October 5, 2020 (subsequent to quarter end). Expected to close early 2021. Employee headcount transferred not disclosed. | |||
| 2020-09-30 | voluntary_separation | completed | 2019-03-01 | USD 423 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement program announced in March 2019. Dominion Energy recorded a charge of $423 million in Q2 2019. No employee count disclosed in this 10-Q. | |||||
| 2020-09-30 | other | announced | 2020-10-01 | USD 25 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement reached with a collective bargaining unit to merge a portion of a pension plan. Dominion Energy expects to record a charge of $25 million in Q4 2020. | |||||
| 2020-06-30 | voluntary_separation | completed | 2019-03-01 | USD 423 (millions) | other f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement program announced in March 2019. Charge of $423 million recorded in Q2 2019. No new voluntary separation programs announced in Q2 2020. | |||||
| 2019-12-31 | voluntary_separation | completed | 2019-03-01 | 2019-12-31 | United States | Enterprise-wide | USD 427 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge of $427M pre-tax ($319M after-tax) for voluntary retirement program announced March 2019; includes $112M for employee benefit plan curtailment. Number of participating employees not disclosed. | ||
| 2019-12-31 | acquisition_addition | completed | 2019-01-01 | 2019-01-01 | United States | Dominion Energy South Carolina / Gas Distribution | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | SCANA stock-for-stock merger completed January 1, 2019 valued at $13.4B; SCANA operates as wholly-owned subsidiary. Headcount added through acquisition not disclosed. | |||
| 2019-12-31 | divestiture_reduction | completed | 2019-11-06 | 2019-11-06 | United States | Gas Distribution / Gas Transmission & Storage | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | East Ohio and DGP distributed from Dominion Energy Gas to Dominion Energy on November 6, 2019; treated as reorganization under common control. Headcount impact not disclosed. | |||
| 2019-12-31 | voluntary_separation | completed | 2019 | USD 319 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | After-tax charge of $319 million related to a voluntary retirement program. Employee count not disclosed. | |||||
| 2019-09-30 | voluntary_separation | completed | 2019-03-01 | United States | Enterprise-wide | USD 423 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge recorded in Q2 2019; $316M after-tax. Included in other O&M ($288M), other taxes ($23M), and other income ($112M). No employee count disclosed. Virginia Power portion: $194M ($144M after-tax). Dominion Energy Gas portion: $63M ($48M after-tax). | |||
| 2019-09-30 | acquisition_addition | completed | 2019-01-01 | 2019-01-01 | United States | Southeast Energy | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | SCANA Combination completed January 1, 2019. No specific headcount added disclosed. SCANA debt totaled $6.9B at closing. | |||
| 2019-09-30 | restructuring | completed | 2019-03-01 | 2019-03-31 | United States | Power Generation | USD 369 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power retired certain electric generating units at six facilities representing 1,292 MW. Charge of $369M ($275M after-tax) in Q1 2019. No employee count disclosed. | ||
| 2019-09-30 | restructuring | completed | 2019-01-01 | 2019-01-31 | United States | Power Delivery | USD 160 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power committed to retire certain automated meter reading infrastructure early. Charge of $160M ($119M after-tax) in Q1 2019. No employee count disclosed. | ||
| 2019-09-30 | divestiture_reduction | announced | 2019-09-01 | 2019-12-31 | United States | Southeast Energy — Nonregulated retail energy marketing | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dominion Energy agreed to contribute retail energy marketing operations (initially SCANA Energy Marketing) to Wrangler partnership. Expected to close Q4 2019. No employee count disclosed. | |||
| 2019-09-30 | voluntary_separation | completed | 2019-03-01 | United States | Corporate and Other / All Segments | USD 423 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement program announced in March 2019. Dominion Energy recorded a charge of $423 million ($316 million after-tax) in Q2 2019. Employee count not disclosed. | |||
| 2019-06-30 | voluntary_separation | in_progress | 2019-03-01 | United States | Dominion Energy (consolidated) | USD 423 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge of $423M ($316M after-tax) recorded in Q2 2019 upon determination of participants; announced March 2019 for employees meeting age and service requirements. No employee count disclosed. | |||
| 2019-06-30 | voluntary_separation | in_progress | 2019-03-01 | United States | Virginia Power | USD 194 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power portion of the voluntary retirement program; charge of $194M ($144M after-tax) recorded in Q2 2019. No employee count disclosed. | |||
| 2019-06-30 | voluntary_separation | in_progress | 2019-03-01 | United States | Dominion Energy Gas | USD 63 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dominion Energy Gas portion of the voluntary retirement program; charge of $63M ($48M after-tax) recorded in Q2 2019. No employee count disclosed. | |||
| 2019-06-30 | acquisition_addition | completed | 2019-01-01 | 2019-01-01 | United States (South Carolina, North Carolina) | Southeast Energy | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | SCANA Combination completed January 1, 2019; 95.6 million shares issued valued at $6.8 billion. No headcount added through the acquisition is disclosed in this filing. | |||
| 2019-06-30 | voluntary_separation | completed | 2019-03 | United States | Corporate and Other | USD 423 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement program announced in March 2019. Dominion Energy recorded a $423 million charge in Q2 2019. Employee count not disclosed. | |||
| 2019-06-30 | voluntary_separation | completed | 2019-03 | Virginia | Power Delivery / Power Generation | USD 194 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Virginia Power component of voluntary retirement program. Recorded $194 million charge in Q2 2019. Employee count not disclosed. | |||
| 2019-06-30 | voluntary_separation | completed | 2019-03 | Multiple | Gas Infrastructure | USD 63 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Dominion Energy Gas component of voluntary retirement program. Recorded $63 million charge in Q2 2019. Employee count not disclosed. | |||
| 2019-03-31 | acquisition_addition | completed | 2019-01-01 | 2019-01-01 | United States (South Carolina, North Carolina) | Southeast Energy | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | SCANA Combination completed January 1, 2019; no employee headcount added disclosed. | |||
| 2019-03-31 | voluntary_separation | announced | 2019-03-01 | United States | All segments | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary retirement program announced March 2019 for employees meeting age/service criteria; charge expected in Q2 2019, amount not yet estimable. | ||||
| 2019-03-31 | plant_closure | completed | 2019-03-01 | 2019-03-31 | United States (Virginia) | Power Generation | USD 369 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power retired 1,292 MW of generating capacity across six facilities; no employee count disclosed. | ||
| 2019-03-31 | plant_closure | completed | 2019-01-01 | 2019-03-31 | United States (Virginia) | Power Delivery | USD 160 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power committed to early retirement of automated meter reading infrastructure, replaced with AMI technology; no employee count disclosed. | ||
| 2019-03-31 | voluntary_separation | announced | 2019-03-31 | other f5-10q / Qwen3.6-27B-Q8_0 | Companies announced a voluntary retirement program for employees meeting certain age and service requirements. Charge expected in Q2 2019; amount could be material but is not yet estimated. | ||||||
| 2018-12-31 | acquisition_addition | completed | 2018-01-02 | 2019-01-01 | United States (South Carolina, North Carolina) | Southeast Energy | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Stock-for-stock merger valued at $13.4 billion completed January 1, 2019. SCANA-specific headcount not disclosed; post-merger Dominion Energy total of approximately 21,300 full-time employees is disclosed in Item 1. | |||
| 2018-12-31 | acquisition_addition | completed | 2018-11-01 | 2019-01-01 | United States | Gas Infrastructure (Dominion Energy Midstream) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of all publicly held Dominion Energy Midstream partnership interests closed January 2019 via issuance of 22.5 million shares; no headcount impact quantified. | |||
| 2018-12-31 | divestiture_reduction | completed | 2017-10-01 | 2018-10-31 | United States | Gas Infrastructure (retail energy marketing) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Second phase of sale of nonregulated retail energy marketing assets closed October 2018 for $63 million; headcount transferred not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-12-01 | 2018-12-31 | United States (Pennsylvania, Ohio) | Gas Infrastructure (Blue Racer midstream joint venture) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% limited partnership interest in Blue Racer for up-front cash of $1.05 billion plus contingent consideration; headcount impact not disclosed. | |||
| 2018-12-31 | plant_closure | completed | 2018-12-01 | 2018-12-31 | United States (Pennsylvania, Virginia) | Power Generation (merchant fleet) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Fairless and Manchester merchant generation facilities completed December 2018 for $1.2 billion; associated workforce not disclosed. | |||
| 2018-12-31 | restructuring | completed | 2016-03-01 | 2016-12-31 | United States | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Initiative announced in Q1 2016 to streamline leadership structure. Charge recorded in 2016 for severance and other costs. No specific employee count disclosed for the action. | ||
| 2017-12-31 | divestiture_reduction | in_progress | 2017-10-01 | 2018-12-31 | United States | Nonregulated retail energy marketing | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | First phase closed December 2017 for $79 million; second phase expected to close in 2018. No employee headcount impact disclosed. | |||
| 2017-12-31 | acquisition_addition | announced | 2018-01-08 | 2018-12-31 | United States (South Carolina) | Regulated electric and gas utility (SCANA/SCE&G) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event. No headcount impact disclosed. Exchange ratio 0.6690 Dominion shares per SCANA share. | |||
| 2017-12-31 | restructuring | completed | 2016-03-01 | 2016-12-31 | United States | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Organizational design initiative announced in Q1 2016 to streamline leadership structure. $65 million pre-tax charge recorded in 2016 for severance and other costs. No specific employee count disclosed. | ||
| 2017-09-30 | restructuring | completed | 2016-01-01 | USD 65 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational design initiative announced in Q1 2016. $65M charge recorded in 2016 for severance and other costs. No new headcount reductions or charges disclosed for Q3 2017. | |||||
| 2017-09-30 | other | completed | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Additional payments associated with new collective bargaining agreement recorded in Q3 2017. | ||||||
| 2017-06-30 | restructuring | completed | 2016-01-01 | 2016-12-31 | United States | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational design initiative announced in Q1 2016. $65M charge recorded in 2016 for severance and other costs. No new charges in 2017. | ||
| 2017-03-31 | other | completed | 2017-03-31 | West Virginia, Maryland, New York, Pennsylvania, Ohio, Virginia | Dominion Transmission, Inc. and Hope Gas (Local 69 bargaining unit) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Members of Local 69 ratified a new four-year labor contract in March 2017, retroactive to April 1, 2016 through April 1, 2020. Local 69 represents about 760 DTI employees and about 150 Hope employees. | ||||
| 2017-03-31 | restructuring | completed | 2016-01-01 | USD 70 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational design initiative announced in Q1 2016 reduced total workforces during 2016. Dominion recorded $70 million charge ($43 million after-tax) including $40 million at Virginia Power and $8 million at Dominion Gas for severance pay and other costs. | |||||
| 2017-03-31 | other | completed | 910 | 2017-03-01 | West Virginia, Maryland, New York, Pennsylvania, Ohio, Virginia | DTI and Hope | other f5-10q / Qwen3.6-27B-Q8_0 | Members of Local 69 ratified a new four-year labor contract in March 2017, retroactive to April 1, 2016. Local 69 represents about 760 DTI employees and about 150 Hope employees. | |||
| 2017-03-31 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 40,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | completed | 2016-01-01 | 2016-12-31 | United States | Corporate and enterprise-wide | USD 65 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced Q1 2016; reduced total workforce during 2016. Charge $65M pre-tax ($40M after-tax), incl. $33M at Virginia Power and $8M at Dominion Gas. Headcount not disclosed. | ||
| 2016-12-31 | acquisition_addition | completed | 2016-09-16 | 2016-09-16 | United States (Rocky Mountain region) | Dominion Energy (natural gas) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Dominion Questar Combination completed 2016-09-16 for $4.4B; acquired Questar Gas, Wexpro, Questar Pipeline. Headcount added not disclosed. | |||
| 2016-12-31 | divestiture_reduction | completed | 2016-12-01 | 2016-12-01 | United States (Utah, Wyoming, Colorado) | Dominion Energy (Questar Pipeline) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Questar Pipeline contributed to Dominion Midstream; eliminated on consolidation so no net headcount change to Dominion consolidated. Headcount not disclosed. | |||
| 2016-12-31 | other | in_progress | 2016-04-01 | 2017-04-01 | United States (West Virginia, New York, Pennsylvania, Ohio, Virginia) | Dominion Gas (DTI and Hope) — labor relations | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Local 69 labor contract expired April 2016; temporary lockout of union members in September 2016, then no-strike agreement through 2017-04-01. Represents ~760 DTI and ~150 Hope employees. Negotiations ongoing. | |||
| 2016-12-31 | restructuring | completed | 2016-03-01 | 2016-12-31 | United States | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Organizational design initiative announced in Q1 2016 to streamline leadership structure. $65 million pre-tax charge recorded for severance and other costs. Employee count not explicitly disclosed. | ||
| 2016-12-31 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 33,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Operating Segments [Member] / Organizational Design Initiative [Member] | USD 59,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 65,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-09-30 | restructuring | in_progress | 2016-03-31 | 2016-12-31 | United States | Enterprise-wide | USD 65 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Organizational design initiative announced Q1 2016 to reduce total workforce during 2016; $65M pre-tax charge ($40M after-tax) for severance and related costs, including $33M at Virginia Power and $8M at Dominion Gas. Number of employees affected not disclosed. | ||
| 2016-09-30 | other | in_progress | 2016-04-30 | 2017-04-01 | West Virginia, New York, Pennsylvania, Ohio, Virginia | Dominion Transmission, Inc. and Hope Gas (Local 69 bargaining unit) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Labor contract with Local 69 expired April 2016; tentative agreement reached August 2016 but not ratified. Temporary lockout occurred in September 2016; parties agreed to no-strike/no-lockout through April 1, 2017. Local 69 represents about 759 DTI and about 151 Hope employees. Negotiations resumed October 2016. | |||
| 2016-09-30 | acquisition_addition | completed | 2016-01-31 | 2016-09-16 | United States (Rockies region) | Dominion Energy segment | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dominion Questar Combination closed September 16, 2016 for $4.4 billion; headcount added through acquisition not disclosed. | |||
| 2016-09-30 | restructuring | in_progress | 2016-03-31 | 2016-12-31 | United States | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational design initiative announced in Q1 2016 to streamline leadership structure. Dominion recorded $65 million pre-tax charge for severance and other costs during the nine months ended Sept 30, 2016. Specific headcount affected is not disclosed. | ||
| 2016-09-30 | other | in_progress | 910 | 2016-09-01 | West Virginia, New York, Pennsylvania, Ohio, Virginia | Dominion Energy (DTI and Hope) | other f5-10q / Qwen3.6-27B-Q8_0 | Temporary lockout of union members (Local 69) in September 2016. Agreement reached to not strike through April 1, 2017. Affected employees: ~759 DTI and ~151 Hope. | |||
| 2016-09-30 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-09-30 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-09-30 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 33,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-09-30 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 33,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-09-30 | restructuring | in_progress | Operating Segments [Member] / Organizational Design Initiative [Member] | USD 59,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-09-30 | restructuring | in_progress | Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 65,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-06-30 | restructuring | in_progress | 2016-01-31 | 2016-12-31 | United States | DVP; Dominion Energy; Dominion Generation | USD 65 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Organizational design initiative announced Q1 2016; $65M pre-tax ($40M after-tax) severance charge in YTD 2016. No employee count disclosed. Sub-components: DVP $33M ($20M after-tax), Dominion Gas $8M ($5M after-tax). | ||
| 2016-06-30 | restructuring | in_progress | 2016-03-31 | 2016-12-31 | United States | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational design initiative announced in Q1 2016 to streamline leadership structure. Dominion recorded $65 million pre-tax charge ($40 million after-tax) for severance and other costs during the six months ended June 30, 2016. Includes $33 million at Virginia Power and $8 million at Dominion Gas. Employee count affected not disclosed. | ||
| 2016-06-30 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-06-30 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-06-30 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 33,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-06-30 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 33,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-06-30 | restructuring | in_progress | Operating Segments [Member] / Organizational Design Initiative [Member] | USD 59,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-06-30 | restructuring | in_progress | Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 65,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-03-31 | restructuring | in_progress | 2016-01-01 | United States | DVP | USD 40 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Organizational design initiative charge of $40M ($25M after-tax) at Virginia Power; severance pay and related costs; no employee count disclosed. | |||
| 2016-03-31 | restructuring | in_progress | 2016-01-01 | United States | Dominion Gas | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Organizational design initiative charge of $8M ($5M after-tax) at Dominion Gas; no employee count disclosed. | |||
| 2016-03-31 | restructuring | in_progress | 2016-01-01 | United States | Corporate and other Dominion operations | USD 70 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidated organizational design initiative charge of $70M ($43M after-tax) across Dominion; workforce reduction targeted during 2016; no employee count disclosed. Components at Virginia Power and Dominion Gas shown separately above. | |||
| 2016-03-31 | restructuring | in_progress | 2016-03-31 | 2016-12-31 | United States | Corporate and Other | USD 70 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Organizational design initiative to streamline leadership structure and improve efficiency. Charge includes severance pay and other costs. Completion expected during 2016. | ||
| 2016-03-31 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-03-31 | restructuring | in_progress | Dominion Gas Holdings, LLC [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-03-31 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Operating Segments [Member] / Organizational Design Initiative [Member] | USD 40,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-03-31 | restructuring | in_progress | Virginia Electric and Power Company [Member] / Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 40,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-03-31 | restructuring | in_progress | Operating Segments [Member] / Organizational Design Initiative [Member] | USD 66,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-03-31 | restructuring | in_progress | Special Termination Benefits [Member] / Organizational Design Initiative [Member] | USD 70,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-12-31 | divestiture_reduction | completed | 2014-01 | 2014-03-31 | United States | Electric retail energy marketing (Dominion Generation) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of electric retail energy marketing business completed March 2014 for ~$187M net proceeds; headcount not disclosed. | |||
| 2014-12-31 | restructuring | completed | 2013-06-30 | 2014-03-31 | United States | Producer services business (Dominion Energy) | USD 193 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | After-tax charge for repositioning producer services, terminating gas trading and certain energy marketing; completed Q1 2014. Headcount not disclosed. | ||
| 2014-12-31 | plant_closure | in_progress | 2014-12-31 | 2016-12-31 | Virginia | Dominion Generation — coal-fired generation retirements | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Chesapeake coal units retired December 2014; Yorktown coal units expected to retire as early as 2016 due to MATS rule. Associated workforce impact not quantified. | |||
| 2014-12-31 | other | completed | 2014-04-30 | 2014-12-31 | Virginia | Dominion Generation — ash pond closure settlement offer | USD 121 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge for settlement offer to close coal ash ponds at Possum Point, Chesapeake and Bremo; workforce impact not disclosed. | ||
| 2014-12-31 | restructuring | completed | 2013-06-30 | 2014-03-31 | Producer Services | USD 193 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | After-tax charge related to restructuring of producer services business, completed in Q1 2014. | |||
| 2014-12-31 | restructuring | completed | 2014-04-30 | 2014-12-31 | Virginia | Generation | USD 248 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | After-tax charges associated with Virginia legislation regarding North Anna nuclear unit and offshore wind facilities. | ||
| 2014-09-30 | restructuring | completed | All segments | USD 28 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge primarily reflecting severance pay and other benefits related to workforce reductions. Disclosed as part of Corporate and Other segment specific items for the nine months ended Sept 30, 2014. | |||||
| 2014-06-30 | restructuring | completed | All segments | USD 28 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge primarily reflecting severance pay and other benefits related to workforce reductions. Included in Corporate and Other segment specific items for the six months ended June 30, 2014. | |||||
| 2013-12-31 | restructuring | in_progress | United States | Corporate / enterprise-wide | USD 28 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Operating expense reduction initiative; charge described as primarily severance pay and other employee-related costs. The Compensation Discussion and Analysis states the same initiative at $17 million after tax. No employee count or announcement date disclosed. | ||||
| 2013-12-31 | restructuring | in_progress | United States | Dominion Energy — producer services (natural gas trading and energy marketing) | USD 127 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring of the producer services business commenced in Q2 2013 and will terminate natural gas trading and certain energy marketing activities; $127 million pre-tax ($76 million after-tax) loss recognized in 2013. No headcount disclosed; earnings impact reported in Corporate and Other. | ||||
| 2013-12-31 | plant_closure | completed | 2012-10-31 | 2013-05-31 | United States (Wisconsin) | Dominion Generation — merchant nuclear (Kewaunee) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Kewaunee ceased power production in May 2013 and decommissioning activities commenced; Board approved the decision to close in October 2012. Severance-related charges of $24 million ($16 million after tax) were recorded in 2012, not in the current fiscal year. No employee count disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-03-01 | 2013-08-31 | United States (Pennsylvania, Illinois, Connecticut) | Dominion Generation — merchant fleet (Brayton Point, Kincaid, Elwood) | USD 48 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to Energy Capital Partners completed August 2013 for approximately $465 million net of transaction costs; held-for-sale impairment of $48 million ($28 million after tax). No headcount transferred or removed is disclosed. | ||
| 2013-12-31 | restructuring | in_progress | United States (Virginia) | Virginia Power — Dominion Generation (coal unit retirements at Chesapeake and Yorktown) | USD 26 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q4 2013 exit activities tied to anticipated retirement of coal units (Chesapeake by 2015, Yorktown as early as 2016) due to MATS compliance: employee severance, vendor contract termination and unusable inventory; $26 million pre-tax ($16 million after tax). No employee count disclosed. | ||||
| 2013-12-31 | other | announced | 2014-01-31 | United States | Dominion Generation — nonregulated electric retail energy marketing | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced January 2014, after fiscal year-end and before the February 27, 2014 filing date: exit from the electric retail energy marketing business while retaining natural gas and energy-related product lines. The retail business as a whole is described as having approximately 190 employees; no headcount attributed to the electric exit. | ||||
| 2013-12-31 | restructuring | completed | 2013-04-01 | Producer Services | USD 76 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | After-tax charge related to restructuring of producer services business. Employee count not disclosed. | ||||
| 2013-12-31 | restructuring | completed | 2013-01-01 | Corporate | USD 17 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charge associated with operating expense reduction initiative, primarily severance pay and other employee-related costs. Employee count not disclosed. | ||||
| 2013-12-31 | restructuring | in_progress | Dominion Energy [Member] | USD 127,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | 2013-04-01 | United States | Corporate and Other / all segments | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operating expense reduction initiative; $17M after-tax. No employee count or completion date disclosed. Also referenced in Exhibit 12.1 as operating expense reduction initiative. | |||
| 2013-09-30 | restructuring | in_progress | 2013-04-01 | United States | Dominion Energy — producer services | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring of producer services business commenced Q2 2013; will terminate natural gas trading and certain energy marketing activities. Earnings impact moved to Corporate and Other segment. No employee count or charge disclosed. | ||||
| 2013-09-30 | restructuring | completed | 2013-04-01 | United States | All segments | USD 28 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Workforce reductions related to producer services restructuring; charge reflects severance pay and other benefits. Employee count not disclosed. | |||
| 2013-09-30 | restructuring | in_progress | Dominion Energy [Member] | USD 75,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2013-06-30 | restructuring | in_progress | United States | All segments (primarily Dominion Energy and other segments) | USD 28 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month 2013 charge of $28M pre-tax ($17M after-tax) for severance and benefits tied to workforce reductions; $19M ($12M after-tax) across all segments and $9M ($5M after-tax) in Dominion Energy. No employee count disclosed. | ||||
| 2013-06-30 | restructuring | in_progress | 2013-12-31 | United States | Dominion Energy — producer services (natural gas trading and energy marketing) | USD 52 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring of producer services business commenced Q2 2013, expected complete by end of 2013; includes a $52M pre-tax ($24M after-tax) loss. No employee count disclosed. | |||
| 2013-06-30 | restructuring | in_progress | 2013-04-01 | 2013-12-31 | United States | Producer Services / Corporate and Other | USD 28 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring of producer services business resulting in termination of natural gas trading and certain energy marketing activities. Charge reflects severance pay and other benefits. Completion expected by end of 2013. | ||
| 2013-06-30 | restructuring | in_progress | Dominion Energy [Member] | USD 52,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-12-31 | plant_closure | announced | 2012-10 | 2013-06 | Kewaunee, Wisconsin | Dominion Generation — merchant nuclear fleet | USD 24 (millions) | other f5-10k / GLM-5.3-flash-HTML | Board approved closure and decommissioning in October 2012 following a Q3 2012 management decision. A $24 million pre-tax severance charge was recorded in September 2012 as part of $435 million of impairment and other charges. Station expected to cease power production in Q2 2013; SAFSTOR decommissioning is planned through 2073. Number of affected employees not disclosed. | ||
| 2012-12-31 | plant_closure | completed | 2012-03 | 2012-03 | Dominion Generation — merchant coal-fired fleet | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | State Line ceased operations in March 2012 and was sold in the second quarter of 2012; results are reported in discontinued operations. No employee count disclosed for the fiscal year. | ||||
| 2012-12-31 | divestiture_reduction | completed | 2012-08 | 2012-08 | Somerset, Massachusetts | Dominion Generation — merchant fleet | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale agreement reached in Q2 2012 with held-for-sale classification and fair-value-less-cost-to-sell adjustment; sale completed in August 2012. Results reported in discontinued operations. No employee count disclosed. | |||
| 2012-12-31 | divestiture_reduction | announced | 2012 | Brayton Point (Somerset, Massachusetts); Kincaid (Illinois); Elwood (Illinois) | Dominion Generation — merchant coal-fired power stations and 50% equity interest in Elwood | USD 1,600 (millions) | other f5-10k / GLM-5.3-flash-HTML | In Q3 2012 Dominion announced its intention to pursue the sale of Brayton Point, Kincaid, and its 50% interest in Elwood. A December 2012 bid-based recoverability analysis produced an approximately $1.6 billion pre-tax ($1.0 billion after-tax) impairment charge writing long-lived assets down to about $216 million — an asset impairment, not a severance charge. No employee count disclosed. | |||
| 2012-12-31 | plant_closure | completed | 2012 | West Virginia | Virginia Power — regulated coal-fired generation | Item_1_Business f5-10k / GLM-5.3-flash-HTML | 74 MW coal-fired plant subject to an agreement for permanent retirement once the Warren County station enters commercial operations; in Q4 2012 Virginia Power sold North Branch to a salvage company that plans to demolish the station and resell the land. No employee count disclosed. | ||||
| 2012-12-31 | restructuring | completed | 2010-03-01 | 2011-12-31 | United States | Corporate and Other | USD 338 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Workforce reduction program announced in Q1 2010. Total pre-tax charge of $338 million recorded in 2010. Costs paid in 2010 and 2011. No new charges in 2012. | ||
| 2012-09-30 | plant_closure | announced | 2012-10-18 | 2013-06-30 | United States (Wisconsin) | Dominion Generation — Kewaunee nuclear power station | USD 435 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | BOD approved decommissioning on 2012-10-18; station expected to cease power production Q2 2013. Charges include $378M asset impairment, $33M inventory write-down, and $24M severance costs. Additional ~$50M expected for employee retention. No employee count disclosed. | ||
| 2012-09-30 | divestiture_reduction | completed | 2012-09-30 | United States (Massachusetts) | Dominion Generation — Salem Harbor power station | USD 27 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Salem Harbor closed in Q3 2012; held-for-sale adjustment resulted in $27M pre-tax charge ($16M after-tax). No employee count disclosed. | |||
| 2012-09-30 | divestiture_reduction | completed | 2012-06-30 | United States (Pennsylvania) | Dominion Generation — State Line power station | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | State Line ceased operations March 2012 and was sold in Q2 2012; classified as discontinued operations. No employee count disclosed. | ||||
| 2012-09-30 | other | announced | 2012-07-01 | United States (Massachusetts, Texas, Indiana) | Dominion Generation — Brayton Point, Kincaid, and Elwood | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dominion decided in Q3 2012 to pursue sale of Brayton Point, Kincaid, and its 50% interest in Elwood. Combined net carrying value $2.0 billion. No impairment recorded as of 2012-09-30. No employee count disclosed. | ||||
| 2012-09-30 | restructuring | in_progress | 2012-09-30 | 2013-06-30 | Wisconsin | Dominion Generation | USD 435 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Decision to cease operations and decommission Kewaunee nuclear plant. Charge includes $378M asset impairment, $33M inventory write-down, and $24M severance costs. Additional $50M exit charges expected. | ||
| 2012-09-30 | divestiture_reduction | completed | 2012-06-30 | 2012-09-30 | Massachusetts | Dominion Generation | USD 27 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Salem Harbor power station closed in Q3 2012. Pre-tax charge of $27M recorded for fair value adjustment. | ||
| 2012-09-30 | divestiture_reduction | completed | 2012-03-31 | 2012-06-30 | Pennsylvania | Dominion Generation | USD 55 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | State Line power station retired in March 2012 and sold in Q2 2012. Impairment charge of $55M recorded in prior periods. | ||
| 2011-12-31 | plant_closure | in_progress | 2011-06 | 2014-06-01 | Salem, Massachusetts, United States | Dominion Generation (merchant fleet) | other f5-10k / GLM-5.3-flash-HTML | Announced during Q2 2011: retirement of two of four units by end of 2011 and the remaining units on June 1, 2014. Two coal-fired units (163 MW) were retired December 31, 2011. A Q2 2011 pre-tax charge of $17 million ($11 million after-tax) for severance covered expected closings of both Salem Harbor and State Line and is not separately attributable to this station. A consent decree entered in February 2012 (after year-end) requires retirement of the station. No employee count disclosed. | |||
| 2011-12-31 | plant_closure | announced | 2011-08 | 2012-03 | Hammond, Indiana, United States | Dominion Generation (merchant fleet) | USD 15 (millions) | other f5-10k / GLM-5.3-flash-HTML | Initially announced in Q2 2011 for retirement by mid-2014, then accelerated in August 2011 to a first-quarter 2012 retirement given continued power-price declines and expected environmental compliance costs. Q3 2011 pre-tax charge of $15 million ($10 million after-tax) related to the accelerated closure (not explicitly labeled severance); the station also shares the combined $17 million Q2 2011 severance charge with Salem Harbor. Retirement was scheduled for Q1 2012, shortly after fiscal year-end, and is not confirmed as completed in this filing. No employee count disclosed. | ||
| 2011-12-31 | plant_closure | announced | 2011-12 | 2016 | Chesapeake and Yorktown, Virginia, United States | Virginia Power - Dominion Generation (regulated electric fleet) | USD 228 (millions) | other f5-10k / GLM-5.3-flash-HTML | Certain coal-fired units expected to be retired during 2015 and 2016, primarily due to compliance costs under the EPA MATS rule issued December 2011. In December 2011 Virginia Power recorded a $228 million pre-tax ($139 million after-tax) charge for plant balances not expected to be recovered - an asset-related charge, not severance. No employee count disclosed; a planned combined-cycle station in Brunswick County, Virginia would offset the lost capacity. | ||
| 2011-12-31 | plant_closure | announced | 2011 | 2014 | Bayard, West Virginia, United States | Virginia Power (regulated electric fleet) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | 74 MW coal-fired plant placed into cold reserve status. Under an agreement reached in connection with the Warren County air permit process (timing of the agreement not dated in the filing), the plant will be permanently retired once Warren County begins commercial operations, scheduled for late 2014. No employee count or charge disclosed. | |||
| 2011-12-31 | plant_closure | in_progress | 2014-06-01 | Massachusetts (Salem Harbor) and Indiana (State Line) | Dominion Generation — merchant fleet | USD 17 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance charge announced during Q2 2011 for expected closings of Salem Harbor and State Line ($11M after-tax). Salem Harbor units 1 and 2 (163 MW) retired 2011-12-31; remaining Salem Harbor units scheduled for 2014-06-01. Employee counts not disclosed. | |||
| 2011-12-31 | plant_closure | in_progress | 2011-08 | 2012-03-31 | Indiana | Dominion Generation — merchant fleet (State Line) | USD 15 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | August 2011 announcement accelerated State Line retirement to Q1 2012 from mid-2014 ($10M after-tax). Driven by declining power prices and expected environmental compliance costs. Employee counts not disclosed. | ||
| 2011-12-31 | plant_closure | announced | 2011-12-21 | 2016-12-31 | Virginia and West Virginia | Dominion Generation — Virginia Power regulated coal fleet | USD 228 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Impairment ($139M after-tax) for plant balances not expected to be recovered due to anticipated retirement of certain regulated coal units following the MATS rule. Coal units at Chesapeake and Yorktown expected to retire during 2015 and 2016; North Branch to be permanently retired when Warren County begins commercial operations. No workforce impact disclosed. | ||
| 2011-12-31 | restructuring | completed | 2010-03-01 | 2010-12-31 | United States | Corporate and Other | USD 338 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Workforce reduction program announced in Q1 2010. Dominion recorded a $338 million charge ($206 million after-tax) primarily reflecting severance pay and other benefits. Virginia Power recorded a $202 million charge ($123 million after-tax). Program reduced total workforces by approximately 9% for Dominion and 11% for Virginia Power. | ||
| 2011-09-30 | plant_closure | in_progress | 2011-08-01 | 2012-03-31 | United States (Illinois/Indiana region) | Dominion Generation — Merchant electric fleet (State Line power station) | USD 15 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charge of $15M ($10M after-tax) recorded in Q3 2011 for accelerated closure. Original mid-2014 shutdown announced Q1/Q2 2011 was accelerated to Q1 2012 due to declining power prices and expected CSAPR compliance costs. No employee count disclosed. | ||
| 2011-09-30 | plant_closure | in_progress | 2011-04-01 | 2014-06-01 | United States (Massachusetts) | Dominion Generation — Merchant electric fleet (Salem Harbor power station) | USD 17 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Combined severance charge of $17M ($11M after-tax) recorded in Q2 2011 covering expected closings of Salem Harbor and State Line. Two of four Salem Harbor units to cease by end of 2011; all four units to retire June 1, 2014. No employee count disclosed. | ||
| 2011-09-30 | other | announced | 2011-01-01 | United States (Wisconsin) | Dominion Generation — Merchant electric fleet (Kewaunee power station) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dominion decided in Q1 2011 to pursue sale of Kewaunee; results reported in Corporate and Other segment. Sale subject to Board and regulatory approval. No workforce count or charge disclosed. | ||||
| 2011-09-30 | other | in_progress | 2011-08-01 | 2015-06-15 | United States (Ohio) | Dominion Energy — East Ohio (labor relations) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Members of Local G-555, representing about 1,200 employees at East Ohio, ratified a new three-year labor contract running through June 15, 2015. | |||
| 2011-09-30 | other | in_progress | 2011-09-01 | 2013-03-01 | United States (Illinois/Indiana region) | Dominion Generation — State Line power station (labor relations) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Members of Local 12502, representing about 85 employees at State Line, agreed to extend the labor contract expiration to March 2013, following the August 2011 announcement of 2012 operations cessation. | |||
| 2011-09-30 | restructuring | in_progress | 2011-03-31 | Corporate and Other | USD 338 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge primarily reflecting severance pay and other benefits related to a workforce reduction program. Employee count not disclosed. | ||||
| 2011-09-30 | plant_closure | in_progress | 2011-06-30 | 2012-03-31 | Pennsylvania | Dominion Generation | USD 15 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Accelerated closure of State Line power station. Charge related to accelerated closure. Employee count not disclosed. | ||
| 2011-09-30 | plant_closure | in_progress | 2011-06-30 | 2011-12-31 | Massachusetts | Dominion Generation | USD 17 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Cessation of operations for two of four units at Salem Harbor. Charge for severance costs. Employee count not disclosed. | ||
| 2011-06-30 | plant_closure | announced | 2011-06-30 | 2014-06-01 | United States | Dominion Generation — merchant generation | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charge for expected closings of State Line (shut down by mid-2014) and Salem Harbor (two of four units ceasing by end of 2011, all four by June 1, 2014). After-tax charge was $11 million. Number of employees affected not disclosed. | ||
| 2011-06-30 | divestiture_reduction | announced | 2011-03-31 | United States | Dominion Generation — Kewaunee power station | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dominion decided in Q1 2011 to pursue sale of Kewaunee; potential held-for-sale reclassification and impairment. Headcount impact not disclosed. Kewaunee results reported in Corporate and Other segment. | ||||
| 2011-06-30 | restructuring | in_progress | Corporate and Other; DVP; Dominion Generation | USD 338 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge primarily reflecting severance pay and other benefits related to a workforce reduction program. Attributable to DVP ($63 million after-tax) and Dominion Generation ($60 million after-tax). | |||||
| 2011-06-30 | restructuring | in_progress | Merchant Generation | USD 17 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge for severance costs related to the expected closings of State Line and Salem Harbor merchant generation facilities. | |||||
| 2011-06-30 | other | completed | 180 | 2011-07-01 | 2013-10-21 | Wisconsin | Kewaunee | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Members of Local 310 ratified a new two-year extension of the current labor contract. | ||
| 2011-03-31 | restructuring | completed | USD 338 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge primarily reflecting severance pay and other benefits related to a workforce reduction program. The 2010 charge is referenced to explain the absence of such charges in Q1 2011, indicating the program was completed in the prior year. | ||||||
| 2010-12-31 | reduction_in_force | completed | 9% | 2010-03 | 2010-12-31 | United States | Consolidated (all segments) | USD 338 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program announced in Q1 2010 reduced Dominion's total workforce by approximately 9% during 2010; charge of $338 million pre-tax ($206 million after-tax) for severance and other benefits. Expected to avoid future annualized O&M expenses of approximately $100 million. Absolute headcount not disclosed. | |
| 2010-12-31 | reduction_in_force | completed | 11% | 2010-03 | 2010-12-31 | United States (Virginia and North Carolina) | Virginia Power (DVP and Dominion Generation) | USD 202 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Virginia Power component of the Dominion-wide program; reduced Virginia Power workforce by approximately 11%. Charge of $202 million pre-tax ($123 million after-tax), split $63 million after-tax to DVP and $60 million after-tax to Dominion Generation. Expected to avoid future annualized O&M expenses of approximately $50 million. Virginia Power figures are a subset of the consolidated Dominion record above. | |
| 2010-12-31 | divestiture_reduction | completed | 2010-04 | 2010-04-30 | Appalachian region (United States) | Dominion Energy — exploration and production | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of substantially all Appalachian E&P operations to CONSOL completed April 2010 for approximately $3.5 billion; associated headcount not disclosed. | |||
| 2010-12-31 | divestiture_reduction | completed | 2010-02 | 2010-02-28 | Pennsylvania | Corporate and Other — Peoples gas distribution (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Peoples to PNG Companies LLC completed February 2010 with net after-tax proceeds of approximately $542 million; associated headcount not disclosed. | |||
| 2010-12-31 | restructuring | completed | 2010-03-31 | 2010-12-31 | United States | Corporate and Other; DVP; Dominion Generation; Dominion Energy | USD 338 (millions) | Item 1. Business - Employees f5-10k / Qwen3.6-27B-Q8_0 | Dominion announced a workforce reduction program in Q1 2010 reducing total workforce by approx 9%. Recorded $338M pre-tax charge for severance and benefits. Virginia Power reduced workforce by approx 11%. | ||
| 2010-09-30 | restructuring | in_progress | United States | DVP | USD 67 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | After-tax charge for severance and benefits under a workforce reduction program; no employee count or announcement date disclosed. Part of a $338M pre-tax ($206M after-tax) consolidated program. | ||||
| 2010-09-30 | restructuring | in_progress | United States | Dominion Energy | USD 24 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | After-tax charge for severance and benefits under a workforce reduction program; no employee count or announcement date disclosed. Part of a $338M pre-tax ($206M after-tax) consolidated program. | ||||
| 2010-09-30 | restructuring | in_progress | United States | Dominion Generation | USD 115 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | After-tax charge for severance and benefits under a workforce reduction program; no employee count or announcement date disclosed. Part of a $338M pre-tax ($206M after-tax) consolidated program. | ||||
| 2010-09-30 | divestiture_reduction | completed | 2010-04-30 | United States (Appalachian region) | Dominion Energy — Exploration & Production | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of substantially all Appalachian E&P operations to CONSOL completed April 2010 for ~$3.5B; no headcount impact disclosed. | ||||
| 2010-09-30 | divestiture_reduction | completed | 2010-02-28 | United States (Pennsylvania) | Gas distribution operations (Peoples) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Peoples to PNG Companies LLC completed February 2010; no headcount impact disclosed. | ||||
| 2010-09-30 | restructuring | in_progress | USD 338 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Workforce reduction program charge primarily reflecting severance pay and other benefits. Employee count not disclosed. | ||||||
| 2010-06-30 | restructuring | in_progress | United States | DVP; Dominion Energy; Dominion Generation | USD 338 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Workforce reduction program charge of $338M ($206M after-tax) for severance and benefits; after-tax by segment: DVP $67M, Dominion Energy $24M, Dominion Generation $115M. Employee count not disclosed. | ||||
| 2010-06-30 | restructuring | in_progress | United States | DVP; Dominion Generation | USD 202 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power workforce reduction program charge of $202M ($123M after-tax); after-tax by segment: DVP $63M, Dominion Generation $60M. Employee count not disclosed. | ||||
| 2010-06-30 | other | completed | 2010-05 | United States (West Virginia, New York, Pennsylvania, Ohio, Virginia) | Dominion Transmission, Inc. (DTI); Hope Gas | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Local 69 ratified a new three-year labor contract in May 2010, retroactive to April 1, 2010 through April 1, 2013; covers about 870 DTI employees and about 160 Hope employees. | ||||
| 2010-06-30 | restructuring | in_progress | USD 338 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Workforce reduction program charge primarily reflecting severance pay and other benefits. Employee count not disclosed. | ||||||
| 2010-06-30 | other | completed | 2010-05-01 | West Virginia, New York, Pennsylvania, Ohio, Virginia | DTI and Hope | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Local 69 ratified new three-year labor contract retroactive to April 1, 2010. Represents ~870 DTI and ~160 Hope employees. | ||||
| 2010-03-31 | restructuring | in_progress | 9% | 2010-03-31 | 2010-12-31 | United States | Consolidated (DVP, Dominion Generation, Dominion Energy) | USD 338 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced in Q1 2010 expected to reduce total workforce by ~9% during 2010; $338M pre-tax ($206M after-tax) severance charge, of which $202M ($123M after-tax) recorded at subsidiary Virginia Power (expected to reduce its workforce ~11%). After-tax charge allocated to segments: DVP $67M, Dominion Energy $24M, Dominion Generation $115M. No absolute employee counts disclosed. Management expects to avoid ~$100M of future annualized O&M expense. | |
| 2010-03-31 | divestiture_reduction | completed | 2010-02-28 | 2010-02-28 | Pennsylvania | Peoples (Pennsylvania gas distribution operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed February 2010 to PNG Companies LLC; results reclassified to discontinued operations. No headcount associated with the divestiture disclosed. | |||
| 2010-03-31 | divestiture_reduction | in_progress | 2010-03-14 | 2010-04-30 | Appalachian region (United States) | Dominion Energy — Appalachian exploration & production operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed March 2010 to sell substantially all Appalachian E&P operations to CONSOL Energy for ~$3.5 billion; expected to close by April 30, 2010. No headcount associated with the divestiture disclosed. | |||
| 2010-03-31 | other | announced | 2010-04-01 | West Virginia, New York, Pennsylvania, Ohio, Virginia | Dominion Transmission (DTI) and Hope Gas — collective bargaining unit | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Contract with Utility Workers' Union of America Local 69 expired April 1, 2010; negotiations began February 2010 and remain ongoing. Union represents about 870 DTI employees and about 160 Hope employees; employees continue working under expired terms. No absolute affected count stated as a single figure. | ||||
| 2010-03-31 | restructuring | in_progress | 9% | 2010-03-31 | 2010-12-31 | United States | Corporate and Other; Operating Segments | USD 338 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Dominion announced a workforce reduction program expected to reduce total workforce by approximately 9% during 2010. Recorded $338 million charge ($206 million after-tax) primarily for severance pay and other benefits. Goal is to reduce O&M expense growth. | |
| 2010-03-31 | restructuring | in_progress | 11% | 2010-03-31 | 2010-12-31 | Virginia | DVP; Dominion Generation | USD 202 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Virginia Power announced a workforce reduction program expected to reduce total workforce by approximately 11% during 2010. Recorded $202 million charge ($123 million after-tax) primarily for severance pay and other benefits. | |
| 2009-12-31 | divestiture_reduction | completed | 2008-07-01 | 2010-02-28 | Pennsylvania | Dominion Energy — Gas Distribution (Peoples) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Peoples Natural Gas Company to SteelRiver Buyer completed February 2010; net after-tax proceeds ~$542M. No employee headcount associated with the divestiture was disclosed. | |||
| 2009-12-31 | divestiture_reduction | completed | 2006-03-01 | 2007-12-31 | Pennsylvania, West Virginia | Dominion Energy — Gas Distribution (Peoples and Hope) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Original 2006 agreement with Equitable terminated January 2008; new agreement with SteelRiver in July 2008. Hope retained after West Virginia Commission denial in December 2009. No employee counts disclosed. | |||
| 2009-06-30 | other | completed | 1,200 | 2009-07 | 2012-06-15 | Ohio, United States | Gas distribution operations (Dominion East Ohio) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: union members ratified a new three-year contract in July 2009, after quarter end; the local represents about 1,200 employees in Ohio. | ||
| 2009-06-30 | other | completed | 1,200 | 2009-07-01 | 2012-06-15 | Ohio | Dominion Energy | other f5-10q / Qwen3.6-27B-Q8_0 | Union members ratified a new three-year contract running through June 15, 2012. | ||
| 2009-03-31 | other | in_progress | 1,200 | 2009-04-01 | 2009-06-15 | Ohio, United States | Gas distribution operations (Union Local G-555 bargaining unit) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Contract with Utility Workers' Union of America Local G-555 expires 2009-06-15; negotiations began April 2009. Local represents about 1,200 employees in Ohio. Count is bargaining-unit size, not employees affected by a separation action. | ||
| 2008-12-31 | divestiture_reduction | in_progress | 2008-07 | 2009-12-31 | Pennsylvania, West Virginia | Corporate and Other — regulated gas distribution (Peoples and Hope) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Peoples and Hope to BBIFNA for approximately $910 million; employee headcount of the two utilities not disclosed. Prior-year regulatory asset write-off of $166 million was reversed with a $47 million benefit in 2008. | |||
| 2008-12-31 | acquisition_addition | completed | 2008-09 | 2008-09 | United States | DVP — retail energy marketing operations | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of an additional retail business in September 2008 added $69 million of electricity sales revenue; acquired headcount not disclosed | |||
| 2008-12-31 | restructuring | announced | 2008-12 | 2009-12-31 | United States | Company-wide — non-fuel operating and maintenance functions | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced plan to selectively reduce 2009 non-fuel O&M spending including workforce management, contractor, consultant, advertising and non-utility maintenance reductions, plus approximately $350 million of planned capital expenditure reductions; no employee count or charge disclosed | |||
| 2008-09-30 | other | in_progress | 170 | 2008-10-21 | United States (Wisconsin) | Dominion Generation — Kewaunee Power Station | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing negotiations with International Union of Operating Engineers, Local 310, covering approximately 170 employees; current contract extended in 2007 with effective date through 2008-10-21. | |||
| 2008-09-30 | restructuring | completed | United States | Corporate and Other / U.S. non-Appalachian E&P | USD 77 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expenses for employee severance, retention and other costs related to the sale of U.S. non-Appalachian E&P business. Employee count not disclosed. | ||||
| 2008-09-30 | restructuring | completed | Canada | Corporate and Other / Canadian E&P | USD 30 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expenses for employee severance, retention, legal, investment banking and other costs related to the sale of Canadian E&P operations. Employee count not disclosed. | ||||
| 2008-06-30 | other | completed | 840 | 2010-04-01 | United States | Dominion Transmission, Inc. (DTI) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Local 69-II ratified a new two-year labor contract; ratification date not specified, agreement effective 2008-04-01 through 2010-04-01. Count is the union's represented DTI employees. | |||
| 2008-06-30 | other | completed | 160 | 2010-04-01 | United States | Hope Gas, Inc. | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Same Local 69-II two-year contract ratification; count is the union's represented Hope employees. Hope is held for sale. | |||
| 2008-06-30 | other | completed | 350 | 2011-05-01 | United States | The Peoples Natural Gas Company | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Local 69-I ratified a two-year contract extension running 2009-05-01 to 2011-05-01; count is the union's represented Peoples employees. Peoples is held for sale. | |||
| 2008-06-30 | divestiture_reduction | announced | 2008-07 | 2009 | Pennsylvania and West Virginia | Dominion Energy — regulated gas distribution subsidiaries (Peoples and Hope) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter agreement to sell Peoples and Hope to BBIFNA for about $910 million, subject to PA/WV regulatory approvals; no employee count disclosed. Subsidiaries serve about 500,000 customer accounts. | |||
| 2008-03-31 | other | in_progress | 2008-04-01 | United States (Northeast, mid-Atlantic, Midwest; West Virginia) | Dominion Transmission, Inc. (DTI) and Hope Gas, Inc. | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Contract with Utility Workers' Union of America Local 69-II expired 2008-04-01; negotiations continuing with employees working under expired terms. Local 69-II represents about 840 DTI employees and about 160 Hope employees. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-08-31 | United States (non-Appalachian basins) | Former Dominion E&P operating segment; reported in Corporate and Other after Q4 2007 realignment | USD 91 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | U.S. non-Appalachian E&P operations sold in four transactions (July 2 through August 31, 2007) for approximately $13.9 billion total; headcount reduction not quantified. $91 million ($56 million after-tax) of employee severance, retention and other costs recognized in 2007. | |||
| 2007-12-31 | divestiture_reduction | completed | 2007-06-26 | Canada | Former Dominion E&P operating segment; results reported as discontinued operations | USD 30 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Canadian E&P operations sold to Paramount Energy Trust and Baytex Energy Trust for approximately $624 million; headcount reduction not quantified. $30 million ($18 million after-tax) of severance, retention, legal, investment banking and other costs recognized in 2007. | |||
| 2007-12-31 | divestiture_reduction | completed | 2007-07-02 | 2007-08-31 | United States (offshore Gulf of Mexico, Alabama, Michigan, Permian, Gulf Coast, Rocky Mountains, South Louisiana, San Juan, Mid-Continent) | Dominion E&P (reported in Corporate and Other segment) | USD 91 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Staged closings July 2 through August 31, 2007 for approximately $13.9 billion. Charge of $91M ($56M after-tax) covers employee severance, retention and other costs; headcount not quantified. | ||
| 2007-12-31 | divestiture_reduction | completed | 2007-06-26 | 2007-06-26 | Canada | Dominion E&P — Canadian operations (discontinued operations) | USD 30 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to Paramount Energy Trust and Baytex Energy Trust for approximately $624 million. Charge of $30M ($18M after-tax) includes severance, retention, legal and investment banking costs; headcount not quantified. | ||
| 2007-12-31 | divestiture_reduction | completed | 2006-12-01 | 2007-03-31 | Pennsylvania, Ohio, West Virginia | Dominion Generation — merchant peaking facilities (Armstrong, Troy, Pleasants) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Net cash proceeds $254 million; $24M after-tax loss on sale. Prior-year $164M after-tax impairment recorded in 2006, not in current fiscal year. Headcount not quantified. | |||
| 2007-12-31 | divestiture_reduction | completed | 2007-09-30 | 2007-09-30 | United States | Dominion Generation — Dresden partially completed merchant facility | USD 387 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold to AEP Generating Company for $85 million. $387M ($252M after-tax) is an impairment charge, not severance. Facility was partially completed; headcount not quantified. | ||
| 2007-12-31 | divestiture_reduction | completed | 2007-08-31 | 2007-08-31 | United States | Corporate and Other — Dominion Capital, Inc. (Gichner and Dallastown) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed for approximately $30 million with $4M after-tax loss; $8M goodwill impairment recorded May 2007. Headcount not quantified. | |||
| 2007-12-31 | divestiture_reduction | announced | 2006-03-01 | Pennsylvania, West Virginia | Corporate and Other — Peoples Natural Gas Company and Hope Gas, Inc. (held for sale) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement with Equitable Resources terminated January 2008 due to regulatory delay; approximately 500,000 customer accounts and associated workforce retained. Prior-year $166M ($104M after-tax) regulatory asset write-off recorded in 2006. Company is seeking other buyers. | ||||
| 2007-12-31 | restructuring | completed | 2007 | 2007-12-31 | United States | Corporate and Other (Non-Appalachian E&P) | USD 91 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Expenses for employee severance, retention and other costs of $91 million related to the sale of U.S. non-Appalachian E&P business. | ||
| 2007-12-31 | restructuring | completed | 2007 | 2007-12-31 | Canada | Corporate and Other (Canadian E&P) | USD 30 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Expenses for employee severance, retention, legal, investment banking and other costs of $30 million related to the sale of Canadian E&P operations. | ||
| 2007-09-30 | divestiture_reduction | completed | 2007-06-26 | 2007-06-26 | Canada | Dominion E&P | USD 30 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Canadian E&P operations to Paramount Energy Trust and Baytex Energy Trust completed 2007-06-26. Charge of $30M ($18M after-tax) covers employee severance, retention, legal, investment banking and other costs for the nine months ended 2007-09-30. No employee count disclosed. Announcement date not separately disclosed; completion date used. | ||
| 2007-09-30 | divestiture_reduction | completed | 2007-08-31 | 2007-08-31 | United States | Dominion E&P | USD 77 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of U.S. non-Appalachian E&P operations to Eni, HighMount, XTO Energy and Linn Energy completed July–August 2007 (final sale 2007-08-31). Charge of $77M ($48M after-tax) covers employee severance, retention and other costs for the nine months ended 2007-09-30. No employee count disclosed. Announcement date not separately disclosed; final completion date used. | ||
| 2007-09-30 | restructuring | completed | United States | Non-Appalachian E&P | USD 77 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Employee severance, retention and other costs related to the sale of U.S. non-Appalachian E&P business. | ||||
| 2007-09-30 | restructuring | completed | Canada | Canadian E&P | USD 30 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Employee severance, retention, legal, investment banking and other costs related to the sale of Canadian E&P operations. | ||||
| 2007-06-30 | divestiture_reduction | completed | 2006-11-01 | 2007-09-30 | United States and Canada | Dominion E&P | USD 76 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of non-Appalachian E&P operations; $76M YTD severance, retention, legal and other costs disclosed but no employee counts given. Canadian sale completed 2007-06-26; offshore sale completed 2007-07-02; onshore sales completed 2007-07-31; Mid-Continent sale pending. | ||
| 2007-06-30 | divestiture_reduction | announced | 2007-05-31 | 2007-08-31 | United States | Corporate (Dominion Capital, Inc. — Gichner) | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Goodwill impairment charge of $8M recorded June 2007 on planned $30M sale of Gichner LLC and Dallastown; sale expected to close August 2007. No employee count disclosed. | ||
| 2007-06-30 | divestiture_reduction | in_progress | 2006-03-01 | 2007-11-01 | Pennsylvania and West Virginia | Dominion Delivery (regulated gas distribution — Peoples and Hope) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pending sale to Equitable Resources for ~$970M; FTC appeal decision expected October 2007; agreement extended to at least 2007-09-01. No employee count disclosed. | |||
| 2007-06-30 | other | completed | 2007-06-30 | 2007-06-30 | United States | Virginia Power (IBEW Local 50) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-year collective bargaining agreement reached with IBEW Local 50 covering ~3,200 employees, expiring 2013-03-31. | |||
| 2007-06-30 | restructuring | in_progress | 2007-06-30 | 2007-09-30 | United States | Corporate / Non-Appalachian E&P | USD 64 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expenses for severance, retention, legal and other costs of $64 million recognized for the three months ended June 30, 2007. Majority of costs to be paid in Q3 in connection with closing of related sales. | ||
| 2007-06-30 | restructuring | in_progress | 2007-06-30 | 2007-09-30 | Canada | Canadian E&P | USD 30 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expenses for severance, retention, legal and other costs of $30 million recognized for the three and six months ended June 30, 2007 related to the sale of Canadian E&P operations. | ||
| 2007-03-31 | other | announced | 3,200 | 2007-03-31 | Virginia, North Carolina, West Virginia | Virginia Power | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tentative agreement reached to replace contract expiring 2007-03-31; subject to ratification vote by Local 50 members. Current agreement remains in effect pending ratification or continued negotiation. Count reflects bargaining unit size, not employees affected by a separation action. | |||
| 2007-03-31 | divestiture_reduction | in_progress | 2006-03-01 | 2007-06-30 | Pennsylvania, West Virginia | Dominion Delivery — regulated gas distribution (Peoples and Hope) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Equitable Resources for approximately $970 million; serves ~500,000 customer accounts. Pennsylvania Commission approved in April 2007; FTC filed action to block; West Virginia hearings scheduled May 2007. Headcount impact not disclosed. | |||
| 2007-03-31 | divestiture_reduction | completed | 2007-03-01 | 2007-03-31 | Pennsylvania, Ohio, West Virginia | Dominion Generation — merchant peaking facilities (Armstrong, Troy, Pleasants) | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three peaker facilities (1,538 Mw total) sold in March 2007 for $257 million net proceeds; $24 million after-tax loss ($0.07/share). Headcount impact not disclosed. | ||
| 2007-03-31 | divestiture_reduction | announced | 2007-04-27 | 2007-07-01 | United States — Gulf of Mexico (outer continental shelf and deepwater) | Dominion E&P — offshore exploration and production | USD 370 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell substantially all offshore E&P operations for ~$4.76 billion; ~961 bcfe of proved reserves. Initial pre-tax charge of ~$370 million (hedge de-designation) expected in Q2 2007, plus additional non-estimable transaction costs. Headcount impact not disclosed. Remaining offshore E&P to be sold separately by early July 2007. | ||
| 2006-12-31 | divestiture_reduction | in_progress | 2006-03-01 | 2007-06-30 | Pennsylvania and West Virginia | Dominion Delivery — regulated gas distribution (Peoples and Hope) | USD 166 (millions) | other f5-10k / GLM-5.3-flash-HTML | Agreement to sell two gas distribution subsidiaries to Equitable Resources for ~$970 million plus adjustments; pending Pennsylvania/West Virginia regulatory and Hart-Scott-Rodino approvals. Charge is a regulatory-asset write-off ($104 million after-tax), not severance. Employee headcount impact not disclosed; subsidiaries serve ~500,000 customer accounts. | ||
| 2006-12-31 | divestiture_reduction | in_progress | 2006-12 | 2007-03-31 | Pennsylvania, Ohio, and West Virginia | Dominion Generation — merchant generation peaking facilities (Armstrong, Troy, Pleasants); reported in discontinued operations | USD 253 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement with a Tenaska Power Fund/Warburg Pincus venture to sell three gas-fired peaking plants for ~$256 million; pending FERC approval, FTC approval obtained. Charge is a held-for-sale impairment to fair value less cost to sell ($164 million after-tax), not severance; results reclassified to discontinued operations. Employee headcount impact not disclosed. | ||
| 2006-12-31 | divestiture_reduction | announced | 2006-11-01 | 2007-06-30 | Gulf of Mexico, West Texas, Mid-Continent, Rockies and Western Canada (Appalachian Basin assets excluded/retained) | Dominion E&P — oil and natural gas exploration and production | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Decision to pursue sale of all E&P operations and assets except Appalachian Basin (retained assets ~15% of reserves; ~5.5 tcf proved reserves to be sold). Formal sales process expected to begin early 2007, closing targeted mid-2007; possible charges and earnings dilution flagged as risks. Employee headcount impact not disclosed. | |||
| 2006-12-31 | divestiture_reduction | announced | 2006-11-01 | 2007-06-30 | United States | Dominion E&P | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision announced to sell all E&P operations except Appalachian Basin; formal sales process to begin early 2007, closing targeted mid-2007. Headcount not disclosed; retention agreements mentioned for key personnel. | |||
| 2006-12-31 | divestiture_reduction | announced | 2006-03-01 | 2007-06-30 | Pennsylvania, West Virginia | Dominion Delivery — regulated gas distribution (Peoples and Hope) | USD 166 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Peoples and Hope for ~$970M; $166M pre-tax write-off of regulatory assets recorded in 2006. Headcount not disclosed. | ||
| 2006-12-31 | divestiture_reduction | announced | 2006-12-15 | 2007-03-31 | Pennsylvania, Ohio, West Virginia | Dominion Generation — merchant peaking facilities (Armstrong, Troy, Pleasants) | USD 253 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell three peaker facilities for ~$256M; $253M ($164M after-tax) impairment recorded in Q4 2006. Headcount not disclosed. | ||
| 2006-09-30 | divestiture_reduction | in_progress | 2006-03-01 | 2007-03-31 | Pennsylvania and West Virginia | Dominion Delivery (regulated gas distribution — Peoples and Hope) | USD 167 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Peoples and Hope to Equitable Resources for ~$970M; no employee counts disclosed. Charge relates to regulatory asset write-off, not severance. | ||
| 2006-09-30 | divestiture_reduction | announced | 2006-11-01 | 2007-06-30 | United States and Canada (excluding Appalachian Basin) | Dominion E&P | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement (Nov 1, 2006) of decision to pursue sale of all E&P assets except Appalachians; formal auction early 2007, closing targeted mid-2007; no headcount disclosed | |||
| 2006-09-30 | divestiture_reduction | announced | 2006-09-30 | Texas and New Mexico | Dominion E&P | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | September 2006 agreements to sell certain gas and oil properties for ~$351M cash, expected to close Q4 2006; no headcount disclosed | ||||
| 2006-03-31 | divestiture_reduction | announced | 2006-03-01 | 2007-03-31 | Pennsylvania and West Virginia | Dominion Delivery (regulated gas distribution — The Peoples Natural Gas Company and Hope Gas, Inc.) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Equitable Resources for approximately $970 million plus adjustments; expected to close by Q1 2007 subject to state and Hart-Scott-Rodino approvals. Filing discloses no employee counts affected; related charges disclosed ($159M regulatory asset write-off, $141M deferred tax liabilities) are not severance or workforce charges. | |||
| 2006-03-31 | acquisition_addition | completed | 2006-02-28 | 2006-02-28 | Texas Panhandle, United States | Dominion E&P | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Pablo Energy LLC completed February 2006 for approximately $92 million in cash; filing discloses no headcount added. Announcement date shown as month-end because only the month is stated. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-01 | Massachusetts; Rhode Island | Dominion Generation | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired three fossil-fired plants (Brayton Point 1,560 MW; Salem Harbor 754 MW; Manchester Street 432 MW) from USGen New England for $642 million cash, completed January 2005; operating headcount transferred is not disclosed. | ||||
| 2005-12-31 | acquisition_addition | completed | 2005-07 | Wisconsin | Dominion Generation | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Purchased the 556-MW Kewaunee nuclear station for approximately $192 million cash, completed July 2005; the pension footnote shows $15 million of obligation and plan assets added via acquisitions, but employee headcount added is not disclosed. | ||||
| 2005-12-31 | divestiture_reduction | announced | 2006-03-01 | 2007-03 | Pennsylvania; West Virginia | Dominion Delivery (regulated gas distribution) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Agreement to sell The Peoples Natural Gas Company and Hope Gas, Inc. to Equitable Resources for $969.6 million plus adjustments; closing expected by the first quarter of 2007 subject to state and Hart-Scott-Rodino approvals; affected headcount not disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-01-31 | 2005-01-31 | United States (Massachusetts, Rhode Island) | Dominion Generation | USD 642 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of three fossil-fired plants (Brayton Point, Salem Harbor, Manchester Street) for $642 million cash; headcount added not disclosed. Date reflects completion month. | ||
| 2005-12-31 | acquisition_addition | completed | 2005-07-31 | 2005-07-31 | United States (Wisconsin) | Dominion Generation | USD 192 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the 556-megawatt Kewaunee nuclear station for approximately $192 million cash; headcount added not disclosed. Date reflects completion month. | ||
| 2005-12-31 | divestiture_reduction | announced | 2006-03-01 | 2007-03-31 | United States (Pennsylvania, West Virginia) | Dominion Delivery — regulated gas distribution | USD 970 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell The Peoples Natural Gas Company and Hope Gas, Inc. for $969.6 million plus adjustments; headcount to be removed not disclosed. Closing expected by Q1 2007, subject to state and Hart-Scott-Rodino approvals. | ||
| 2005-12-31 | restructuring | completed | 2005 | USD 28 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | A $28 million charge related to severance costs for workforce reductions was recorded in 2005. | |||||
| 2005-09-30 | other | completed | 2005-08-01 | New Orleans, Louisiana | Dominion Exploration & Production | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Expenses incurred to temporarily relocate employees based in New Orleans due to Hurricanes Katrina and Rita. | ||||
| 2005-06-30 | other | completed | 2005-05 | United States | Dominion Transmission, Inc. (DTI) and Dominion Hope | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Members of Utility Workers' Union of America Local 69-II ratified a new three-year contract covering roughly 1,000 DTI and Dominion Hope employees, running April 1, 2005 through April 1, 2008 | ||||
| 2005-06-30 | acquisition_addition | completed | 2005-07 | United States (Wisconsin) | Dominion Generation | USD 192 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition of the 568-megawatt Kewaunee nuclear power station for approximately $192 million cash; no employee headcount associated with the transaction is disclosed | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-05 | United States | Telecommunications (Dominion Telecom / discontinued operations, reported in Corporate and Other) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Discontinued telecommunications business sold to Elantic Telecom in May 2004; no employee headcount or severance figures tied to the divestiture were disclosed. FY2004 after-tax loss from the discontinued operations was $13 million. The workforce-reduction severance charges of $26 million ($15 million after-tax) disclosed in the filing relate to first-quarter 2003 actions and are excluded as prior-year activity. | ||||
| 2004-12-31 | divestiture_reduction | completed | 2003-12-31 | 2004-05-31 | United States | Corporate and Other — telecommunications operations (Dominion Telecom / Dominion Fiber Ventures) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the discontinued telecommunications business to Elantic Telecom, Inc. completed May 2004; loss of $11 million ($7 million after-tax). Filer does not disclose associated headcount. Buyer filed Chapter 11 in July 2004; Dominion was assessing exposure at filing date. | |||
| 2004-12-31 | acquisition_addition | completed | 2004-12-31 | 2005-01-01 | United States (Massachusetts, Rhode Island) | Dominion Generation | USD 642 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of three USGen New England power stations (Brayton Point, Salem Harbor, Manchester Street; 2,690 MW combined) for $642 million cash, closed 2005-01-01 as a bankruptcy court-approved divestiture. No employee count disclosed; charge value is the purchase price, not a severance charge. | ||
| 2004-12-31 | acquisition_addition | announced | 2003-12-31 | 2005-06-30 | United States (Wisconsin) | Dominion Generation | USD 220 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement reached in Q4 2003 to purchase Kewaunee for $220 million cash including $35 million for nuclear fuel. Wisconsin PSC denied the sale in November 2004; rehearing granted January 2005. Expected to close in the first half of 2005 if approved. No employee count disclosed; charge value is the purchase price. | ||
| 2004-12-31 | acquisition_addition | completed | 2005-02-28 | 2005-02-28 | United States | Dominion Generation | USD 46 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | February 2005: $42 million cash paid and $62 million debt assumed to terminate a long-term power purchase agreement with Panda-Rosemary LP and acquire the related generating facility; expected after-tax charge of approximately $46 million. No employee count disclosed. | ||
| 2004-12-31 | other | in_progress | 2004-12-31 | 2006-01-31 | United States | Corporate and Other — Dominion Capital, Inc. (DCI) financial services | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | SEC order under the 1935 Act requires divestiture of all remaining DCI holdings by January 2006; core operating businesses substantially exited. No associated headcount disclosed. | |||
| 2004-12-31 | restructuring | completed | 2004 | USD 28 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charge related to severance costs for workforce reductions. | |||||
| 2004-09-30 | restructuring | completed | Corporate and Other (DCI) | USD 26 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Third quarter 2004: $26 million in impairments related to various equity investments and several operating companies held by DCI. Employee count not disclosed. | |||||
| 2004-09-30 | restructuring | completed | Corporate and Other (DCI) | USD 38 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Year-to-date 2004: $38 million in charges from the impairment of retained interests from mortgage securitizations held by DCI. Employee count not disclosed. | |||||
| 2003-12-31 | restructuring | completed | 2003-01-01 | 2003-03-31 | United States | Multiple segments (Generation, Energy, Delivery, E&P, Corporate) | USD 28 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | After-tax charge of $16 million; pre-tax $28 million. Segment split disclosed after-tax: Generation $8M, Energy $2M, Delivery $4M, E&P $1M, Corporate $1M. Headcount affected not disclosed. | ||
| 2003-12-31 | divestiture_reduction | in_progress | 2003-12-31 | 2004-06-30 | United States | Telecommunications (Dominion Telecom, Inc.) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Assets and liabilities classified held-for-sale at 2003-12-31; sale anticipated to close by end of June 2004. Headcount not disclosed. | |||
| 2003-12-31 | other | completed | 2003-12-31 | United States | Corporate and Other (Dominion Capital, Inc. divestiture) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | SEC-ordered divestiture of financial services subsidiary under the 1935 Act; headcount not disclosed. | ||||
| 2003-12-31 | restructuring | completed | 2003-01-01 | 2003-03-31 | United States | Corporate and Other; Dominion Generation; Dominion Energy; Dominion Delivery; Dominion Exploration & Production | USD 28 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | $16 million after-tax severance costs for workforce reductions during the first quarter of 2003. Pre-tax charge was $28 million. | ||
| 2003-09-30 | restructuring | completed | 2003-03-31 | United States | Corporate and Other (allocated across Dominion Energy, Dominion Delivery, Dominion Exploration & Production) | USD 29 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs for workforce reductions during Q1 2003; segment allocation: Dominion Energy $19M, Dominion Delivery $8M, Dominion E&P $1M, corporate $1M. No employee count disclosed. | |||
| 2003-09-30 | restructuring | completed | Corporate and Other | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs for workforce reductions during the first quarter of 2003. Employee count not disclosed. | |||||
| 2003-06-30 | restructuring | completed | United States | Corporate and Other (workforce reductions across segments) | USD 29 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs of $29 million ($17 million after-tax) for workforce reductions during Q1 2003; allocated across segments (Energy $19M, Delivery $8M, E&P $1M, Corporate $1M). No employee count disclosed. | ||||
| 2003-06-30 | other | announced | 2003-07-01 | 2003-12-31 | United States | Dominion Energy (power generation) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2003 agreement to pay ~$150 million to terminate a long-term power purchase contract and purchase the related generating facility; expected after-tax charge of $65-85 million in Q4 2003. No headcount impact disclosed. | |||
| 2003-06-30 | restructuring | completed | Corporate and Other | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs for workforce reductions during the first quarter of 2003. Employee count not disclosed. | |||||
| 2003-03-31 | restructuring | in_progress | United States | Corporate and Other | USD 29 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs for workforce reductions during Q1 2003; $17 million after-tax. Headcount affected not disclosed. | ||||
| 2003-03-31 | acquisition_addition | completed | 2003-02-01 | 2003-02-28 | United States | Dominion Delivery (Dominion Fiber Ventures) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidation of DFV beginning February 2003 following purchase of $633 million of DFV senior notes; headcount added not disclosed. | |||
| 2003-03-31 | restructuring | in_progress | Corporate and Other | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs for workforce reductions during the first quarter of 2003. | |||||
| 2002-12-31 | restructuring | completed | 303 | United States | Corporate and support functions | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2001 restructuring plan (initiated Q4 2001) identified about 340 salaried positions; 303 were actually eliminated, with an $8 million downward revision to the severance liability recorded in 2002. Severance liability balance was $10 million at 2002-12-31. Charge amounts relate to 2001, not current fiscal year. | ||||
| 2002-12-31 | reduction_in_force | announced | 2003-01 | 2003-12-31 | United States | Support positions (meter readers, supply/warehouse workers, auto mechanics) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | January 2003 announcement of plans to eliminate some union and salaried positions during 2003, driven partly by automated meter-reading technology and newer vehicle fleet; cost not yet estimated by filer. | |||
| 2002-12-31 | acquisition_addition | completed | 2002-06 | United States (Hammond, Indiana) | Dominion Energy | USD 185 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of State Line (515 MW coal-fired facility) for $185 million cash in June 2002; headcount added not disclosed. | |||
| 2002-12-31 | acquisition_addition | completed | 2002-09 | United States (Baltimore, Maryland) | Dominion Energy | USD 225 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of Cove Point LNG for $225 million cash in September 2002; headcount added not disclosed. | |||
| 2002-12-31 | restructuring | completed | 303 | 2001-Q4 | 2002-12-31 | United States | Corporate and Other | USD 105 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2001 restructuring plan identified approximately 340 salaried positions; 303 positions actually eliminated. Total charge $105 million including severance and lease termination. | |
| 2002-12-31 | restructuring | announced | 2003-01 | 2003-12-31 | United States | Support positions | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Announced in January 2003 plans to eliminate some union and salaried positions during 2003, primarily support positions. Cost not estimated pending completion of identification process. | |||
| 2002-09-30 | restructuring | in_progress | 340 | 2001-12-31 | United States | Salaried positions across Dominion and CNG combined organization | USD 42 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced in Q4 2001 (exact date not disclosed); approximately 340 salaried positions identified for elimination, of which 254 had been eliminated through 2002-09-30. Severance liability fell from $42M at 2001-12-31 to $21M at 2002-09-30 ($21M paid); separate lease termination liability of $9M remains. Includes employee severance and abandonment of unneeded leased office space. | ||
| 2002-09-30 | other | completed | 3,700 | 2002-08-02 | 2002-09-30 | Virginia | IBEW Local 50 — linemen, meter readers, power station operators, mechanics and electricians | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Strike began 2002-08-02 after Local 50 membership rejected a contract offer in June 2002; tentative settlement reached 2002-08-15 and a new 5-year labor contract signed in September 2002. Count reflects Local 50 membership only. | ||
| 2002-09-30 | other | announced | 2 | 2002-10-15 | 2002-12-01 | United States | Corporate — Executive Vice Presidents | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement (Form 8-K filed 2002-10-15): Edgar M. Roach, Jr. and James P. O'Hanlon retire as Executive Vice Presidents effective 2002-12-01, continuing as officers of Dominion Resources Services through 2003-02-01. Retirement terms filed as Exhibits 10.2 and 10.3. | ||
| 2002-09-30 | restructuring | in_progress | 340 | 2001-10-01 | USD 42 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2001 Restructuring Plan: Identified approximately 340 salaried positions to be eliminated. Through September 30, 2002, 254 positions had been eliminated. Remaining severance liability of $21 million. | ||||
| 2002-09-30 | other | completed | 3,700 | 2002-09-01 | Virginia | Operations | other f5-10q / Qwen3.6-27B-Q8_0 | New Five Year Contract Signed with Electric Union: Local 50 began a strike on August 2, 2002. Tentative settlement reached August 15, 2002, and new 5-year labor contract signed in September 2002. | |||
| 2002-06-30 | restructuring | in_progress | 340 | 2001 | United States | Salaried positions across Dominion and CNG combined organization | USD 42 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2001 restructuring plan initiated in Q4 2001 after CNG integration; approximately 340 salaried positions identified for elimination with $42M severance recorded. 243 positions eliminated through 2002-06-30; severance liability $25M and lease termination liability $7M remained at quarter end. Announcement date known only as Q4 2001. | ||
| 2002-06-30 | other | in_progress | 3,700 | 2002-08-02 | United States — Virginia | IBEW Local 50 (linemen, meter readers, power station operators, mechanics, electricians) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Strike began 2002-08-02 (after quarter end) after Local 50 rejected a contract offer and granted strike authorization in June 2002; Local 50 represents about 3,700 union employees. Mediation ongoing as of filing date 2002-08-07. Count is Local 50 membership, not total unionized workforce. | |||
| 2002-06-30 | restructuring | in_progress | 340 | 2001-10-01 | USD 42 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2001 Restructuring Plan: Identified approx. 340 salaried positions to be eliminated. Through June 30, 2002, 243 positions had been eliminated. Remaining severance liability $25 million. | ||||
| 2002-06-30 | other | in_progress | 3,700 | 2002-08-02 | Virginia | Electric Operations | other f5-10q / Qwen3.6-27B-Q8_0 | Local 50 began strike on August 2, 2002, affecting approx. 3,700 union employees. | |||
| 2002-03-31 | restructuring | in_progress | 340 | 2001-12-31 | United States | Corporate — salaried positions | USD 42 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2001 restructuring plan initiated in Q4 2001 (exact announcement date not disclosed); approximately 340 salaried positions identified for elimination, 207 eliminated through 2002-03-31; severance liability $28M and lease termination liability $10M remaining at 2002-03-31 after $14M of severance paid in the quarter. | ||
| 2002-03-31 | other | announced | 2002-04-25 | 2006-04-01 | United States | Dominion Transmission, Inc. and Hope Gas, Inc. — labor relations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | SEIU Local 69-II members approved a new labor contract; agreement retroactive to 2002-04-01 and extending to 2006-04-01; number of covered employees not disclosed. | |||
| 2002-03-31 | restructuring | in_progress | 340 | 2001-10-01 | Salaried positions | USD 42 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2001 Restructuring Plan initiated in Q4 2001. 207 positions eliminated through March 31, 2002. Remaining severance liability $28 million. | |||
| 2002-03-31 | other | completed | 2002-04-25 | Dominion Transmission, Inc. and Hope Gas, Inc. | other f5-10q / Qwen3.6-27B-Q8_0 | New labor contract approved by SEIU Local 69-II members, retroactive to April 1, 2002, extending to April 1, 2006. | |||||
| 2001-12-31 | restructuring | in_progress | 340 | United States | Corporate and Other | USD 42 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2001 plan initiated in Q4 2001; approximately 340 salaried positions identified for elimination, $42M severance recorded; only 12 positions eliminated as of 2001-12-31. Total 2001 restructuring charge was $105M (severance $42M, nonqualified plan benefits/settlement $46M, lease termination $13M, other $4M) | |||
| 2001-12-31 | restructuring | in_progress | 750 | United States | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2000 plan; cumulative through fiscal year-end 2001 — 750 salaried positions eliminated and $65M severance paid since program inception. Remaining severance liability was $3M at 2001-12-31; $24M of severance paid during 2001 | |||
| 2001-12-31 | acquisition_addition | completed | 2001-03-31 | United States (Connecticut) | Dominion Energy | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 2001-03-31 for $1.3B cash; headcount added not disclosed | ||||
| 2001-12-31 | acquisition_addition | completed | 2001-11-01 | United States (Oklahoma and other regions) | Dominion Exploration & Production | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 2001-11-01 for $1.8B cash and stock; headcount added not disclosed | ||||
| 2001-12-31 | divestiture_reduction | completed | 2001-07-31 | United States | Dominion Capital (financial services) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Saxon Capital sold in July 2001 as part of exit from DCI core operating businesses required under the 1935 Act; headcount removed not disclosed | ||||
| 2001-12-31 | restructuring | completed | 340 | 2001-Q4 | USD 105 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2001 Plan: Identified approximately 340 salaried positions to be eliminated. Total restructuring costs of $105 million recognized in Q4 2001, including $42 million for severance and $13 million for lease termination. As of Dec 31, 2001, 12 positions had been eliminated. | ||||
| 2001-12-31 | restructuring | completed | 2000 | USD 460 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2000 Plan: Through Dec 31, 2001, 750 salaried positions had been eliminated under this plan. $460 million in restructuring and acquisition-related costs recorded in 2000. Remaining severance liability of $3 million at Dec 31, 2001 represented amounts payable to employees terminated under this plan. | |||||
| 2001-09-30 | restructuring | in_progress | 2000-01-28 | United States | Corporate / Dominion Capital, Inc. (DCI) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-CNG merger restructuring plan; substantially complete at 2000-12-31. Remaining severance liability of $5M at 2001-09-30 for already-terminated employees. No employee count disclosed. | ||||
| 2001-09-30 | restructuring | announced | 2001-10-01 | United States | Corporate / enterprise-wide | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-CNG integration review initiated in Q4 2001; potential severance and lease-cancellation charges announced but not yet quantified. No employee count disclosed. | ||||
| 2001-09-30 | restructuring | completed | 2000-01-28 | 2000-12-31 | Corporate and Administrative | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan substantially complete at Dec 31, 2000. Remaining $5M liability represents amounts payable to employees already terminated. No new employee counts disclosed for Q3 2001. | |||
| 2001-09-30 | restructuring | announced | 2001-09-30 | 2001-12-31 | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Senior management initiated review to identify unnecessary activities/resources post-CNG integration. Restructuring charges for severance and lease cancellations expected in Q4 2001. | ||||
| 2001-06-30 | restructuring | in_progress | 18 | 2000-01-28 | United States | Corporate / Multiple | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-CNG merger restructuring plan substantially complete at Dec 31, 2000; remaining $16M severance liability covers amounts owed to already-terminated employees plus accrual for 18 positions not yet eliminated. | ||
| 2001-06-30 | divestiture_reduction | completed | 2001-07-01 | 2001-07-31 | United States | Dominion Capital, Inc. (Financial Services) | USD 25 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | DCI sold Saxon Capital, Inc. in July 2001; after-tax loss of $24.5M recognized in June 2001. No employee count disclosed. | ||
| 2001-06-30 | restructuring | completed | 2001-01-01 | 2001-03-31 | United States | Dominion Energy / Corporate | USD 136 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2001 purchase of three generating facilities and termination of seven non-utility generator power purchase contracts; $136M after-tax charge. No employee count disclosed. | ||
| 2001-06-30 | restructuring | completed | 2000-01-28 | 2000-12-31 | Corporate and DCI | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining severance liability of $16 million as of June 30, 2001, represents amounts payable to employees already terminated and accruals for 18 positions not yet eliminated. The restructuring plan was substantially complete at December 31, 2000. | |||
| 2001-03-31 | restructuring | in_progress | 37 | 2000-01-28 | United States | Consolidated (CNG integration) | USD 23 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance liability of $23M at 2001-03-31 covers amounts owed to already-terminated employees plus accrual for 37 positions not yet eliminated; plan substantially complete at 2000-12-31. | ||
| 2001-03-31 | acquisition_addition | completed | 2001-03-31 | 2001-03-31 | United States (Connecticut) | Dominion Energy | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Millstone completed 2001-03-31 for ~$1.3B; no employee headcount added disclosed. | |||
| 2001-03-31 | divestiture_reduction | completed | 2001-03-16 | 2001-03-16 | United States | Dominion Telecom (telecommunications) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dominion Telecom contributed to a joint venture and deconsolidated; no headcount figure disclosed. | |||
| 2001-03-31 | restructuring | in_progress | 37 | 2000-01-28 | USD 23 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining severance liability of $23 million represents amounts payable to terminated employees and accrual for 37 positions not yet eliminated from the 2000 CNG acquisition restructuring plan. | ||||
| 2000-12-31 | restructuring | in_progress | 679 | 2000-03-03 | United States | Multiple segments including Corporate Operations and DCI | USD 70 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Positions eliminated at December 31, 2000. Severance liability accrued $70M; $41M paid during 2000; ending severance liability $29M. An additional 89 positions were estimated yet to be eliminated. Total restructuring and acquisition-related costs for 2000 were $460M. | ||
| 2000-12-31 | restructuring | in_progress | 89 | 2000-03-03 | United States | Multiple segments including Corporate Operations and DCI | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Estimated positions yet to be eliminated as of December 31, 2000, part of the same restructuring program as the 679 positions already eliminated. | |||
| 2000-12-31 | voluntary_separation | completed | 860 | 2000-01-28 | United States | Salaried employees across Dominion and subsidiaries (excluding officers, DCI, VNG, CNG International) | USD 114 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Early Retirement Program (ERP) participants. ERP provided up to three additional years of age and service for benefit formula purposes. Eligible employees had attained age 52 with minimum service requirements as of July 1, 2000. ERP benefit costs of $114M included in restructuring charges. | ||
| 2000-12-31 | acquisition_addition | completed | 2000-01-28 | 2000-01-28 | United States | Natural gas distribution, transmission, exploration & production | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Consolidated Natural Gas Company (CNG) completed January 28, 2000 for $6.4 billion. CNG served approximately 1.7 million gas customers and had significant workforce. Number of employees added through acquisition not explicitly disclosed. | |||
| 2000-12-31 | divestiture_reduction | completed | 2000-10-01 | 2000-10-31 | United States (Virginia Beach, Virginia) | Gas distribution (Virginia Natural Gas) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Virginia Natural Gas (VNG) to AGL Resources Inc. completed October 2000 for $533 million cash proceeds. Headcount removed not disclosed. | |||
| 2000-12-31 | divestiture_reduction | completed | 2000-09-01 | 2000-09-29 | United Kingdom | Power generation (Corby Power Station) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 80% interest in Corby Power Limited to PowerGen plc for 52.5 million pounds sterling. After-tax gain of $13 million. Headcount removed not disclosed. | |||
| 2000-12-31 | divestiture_reduction | completed | 2000-01-01 | 2000-12-31 | Latin America (Argentina, Bolivia) | Power generation | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed sale of interests in generation capacity in Argentina and Bolivia during 2000. Part of broader divestiture of Latin American assets. Headcount removed not disclosed. | |||
| 2000-12-31 | restructuring | completed | 679 | 2000-01-28 | 2000-12-31 | United States | Corporate and Operating Segments | USD 70 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Involuntary severance program positions eliminated at December 31, 2000. Severance liability accrued was $70 million. | |
| 2000-12-31 | voluntary_separation | completed | 860 | 2000-01-28 | 2000-12-31 | United States | Corporate and Operating Segments | USD 114 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Early retirement program participants. ERP benefit costs were $114 million. | |
| 2000-09-30 | restructuring | in_progress | 770 | United States | Enterprise-wide (Dominion and subsidiaries, including DCI) | USD 79 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Involuntary severance package developed after the Jan 28, 2000 CNG acquisition; exact announcement date not disclosed (first quarter of 2000). Charge shown is nine-month severance accrued per liability roll-forward (Q3 accrual $5M; $20M net reduction from estimate revisions; $24M paid; $35M liability at 9/30/00). About 600 of the 770 identified positions eliminated as of 9/30/00, including a disclosed sub-component of ~60 positions at DCI and subsidiaries ($11M). Filer does not state the non-DCI remainder as a separate figure. | |||
| 2000-09-30 | voluntary_separation | completed | 860 | 2000-01-28 | United States | Salaried employees enterprise-wide (excludes officers, DCI, VNG and CNG International) | USD 114 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary early retirement program (ERP) announced Jan 28, 2000; elections completed in Q2 2000 with ~860 participants. Expense of ~$114M offset in part by curtailment gains of ~$26M. Some ERP participants also receive involuntary severance benefits, subject to coordination reductions. | ||
| 2000-09-30 | divestiture_reduction | completed | 2000-09-29 | United Kingdom | Corby Power Limited (80% interest) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 80% interest in Corby Power to PowerGen plc completed Sept 29, 2000 for GBP 52.5M ($73M); after-tax gain $13M. No headcount associated with the divestiture disclosed. | ||||
| 2000-09-30 | divestiture_reduction | completed | 2000-05-08 | 2000-10-06 | United States | Virginia Natural Gas (VNG) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to AGL Resources completed Oct 6, 2000 for $533M cash; required by Virginia Commission and FTC conditions of the CNG acquisition. Net assets held for sale of $471M at 9/30/00. No headcount disclosed. | |||
| 2000-09-30 | divestiture_reduction | completed | 2000-07-07 | 2000-10-12 | Argentina | CNG International | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of CNG International's Argentine assets to Sempra Energy International completed Oct 12, 2000 for $145M cash; part of plan to divest CNG International by Q1 2001. No headcount disclosed. | |||
| 2000-09-30 | restructuring | in_progress | 770 | 2000-01-28 | United States | Corporate Operations | USD 48 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 770 positions identified for elimination; 600 eliminated through Sept 30, 2000. Severance liability reduced by $20M from initial estimate. | ||
| 2000-09-30 | voluntary_separation | completed | 860 | 2000-01-28 | United States | Corporate Operations | USD 114 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Early Retirement Program (ERP) for salaried employees. Expense approximating $114M recognized in Q2 2000. | ||
| 2000-06-30 | restructuring | in_progress | 770 | 2000-03-03 | United States | Dominion and subsidiaries (consolidated) | USD 47 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 770 positions identified for elimination; ~560 eliminated and ~$15M severance paid by 2000-06-30. Severance accrual balance $38M at quarter-end. | ||
| 2000-06-30 | voluntary_separation | completed | 860 | 2000-01-28 | United States | Salaried employees (excluding officers, DCI, VNG, CNG International) | USD 114 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary early retirement program; ~860 elected during Q2 2000, expense ~$114M, offset in part by ~$26M curtailment gains. | ||
| 2000-06-30 | restructuring | completed | 70 | 2000-04-01 | 2000-06-30 | United States | DCI (Dominion Capital) and subsidiaries | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Elimination of ~70 positions at DCI and subsidiaries during Q2 2000 as part of exit strategy for financial services businesses. | |
| 2000-06-30 | acquisition_addition | completed | 2000-01-28 | 2000-01-28 | United States | Consolidated Natural Gas Company (CNG) — gas distribution, pipelines, E&P | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CNG acquired 2000-01-28 for $6.4B; CNG serves ~1.9M gas customers. No employee headcount disclosed for the acquisition. | |||
| 2000-06-30 | divestiture_reduction | announced | 2000-05-08 | 2000-12-31 | United States (Virginia) | Virginia Natural Gas (VNG) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell VNG to AGL Resources for $500-550M; Virginia Commission approved 2000-07-28, SEC approval expected Q4 2000. No headcount disclosed. | |||
| 2000-06-30 | divestiture_reduction | announced | 2000-07-07 | 2000-12-31 | Argentina | CNG International — Argentine assets | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sempra Energy International agreed to purchase CNG International's Argentine assets for $145M; expected close by end of 2000. No headcount disclosed. | |||
| 2000-06-30 | divestiture_reduction | announced | 2000-06-09 | United Kingdom | Corby Power Limited (80% interest) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell 80% interest in Corby Power to PowerGen plc for ~$80M. No headcount disclosed. | ||||
| 2000-06-30 | divestiture_reduction | in_progress | 2000-06-30 | 2003-06-30 | United States | DCI (Dominion Capital) financial services businesses | USD 292 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | SEC order requires divestiture of DCI within three years of CNG acquisition; $292M impairment losses recognized in Q2 2000 ($172M in restructuring costs, $120M in O&M). No formal disposal plan adopted; no headcount disclosed. | ||
| 2000-06-30 | restructuring | in_progress | 770 | 2000-01-28 | United States | Corporate and Subsidiaries | USD 68 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Involuntary severance program. 770 positions identified for elimination. $68M expense recorded in Q1, reduced by $21M in Q2. 560 positions eliminated by June 30, 2000. | ||
| 2000-06-30 | voluntary_separation | in_progress | 860 | 2000-01-28 | United States | Corporate and Subsidiaries | USD 114 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Early Retirement Program (ERP). 860 employees elected to participate in Q2. Expense approximating $114M recognized, offset by $26M curtailment gains. | ||
| 2000-03-31 | restructuring | in_progress | 700 | 2000-03-03 | United States | Dominion and subsidiaries — salaried positions | USD 68 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 700 salaried positions identified for elimination under the involuntary severance program; $68M severance accrued in Q1 2000 as management's best estimate. | ||
| 2000-03-31 | restructuring | in_progress | 247 | 2000-03-03 | United States | Dominion and subsidiaries — salaried positions | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Positions actually eliminated as of 2000-03-31, with severance payments of approximately $2M made to date; subset of the ~700 identified positions. | ||
| 2000-03-31 | voluntary_separation | announced | 2000-01-28 | 2000-05-17 | United States | Salaried employees of Dominion and participating subsidiaries (excluding officers, VNG and CNG International) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary early retirement program announced with the CNG acquisition; election window 2000-04-03 to 2000-05-17. Expense and liability to be recognized upon employee elections; no headcount or charge quantified. Accepted by one union as of 2000-03-31. | |||
| 2000-03-31 | acquisition_addition | completed | 2000-01-28 | 2000-01-28 | United States | Consolidated Natural Gas Company (gas distribution, transmission, E&P) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CNG acquired 2000-01-28 for $6.4B; CNG serves ~1.9 million gas customers and its results are consolidated from the acquisition date. No employee headcount added is disclosed. | |||
| 2000-03-31 | divestiture_reduction | announced | 2000-05-08 | 2000-12-31 | United States (Virginia) | Virginia Natural Gas (VNG) — local gas distribution | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell VNG to AGL Resources for $500–550M cash, contingent on final structure; required by Virginia SCC and FTC approval conditions of the CNG acquisition. No headcount disclosed. | |||
| 2000-03-31 | divestiture_reduction | completed | 1999-08-01 | 2000-04-30 | Latin America | Dominion Energy — ~1,200 MW gross generation capacity | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Latin American generation interests to Duke Energy International completed April 2000 for approximately $405M; no headcount disclosed. | |||
| 2000-03-31 | divestiture_reduction | in_progress | 2000-01-28 | International (Australia, Latin America) | CNG International — energy-related activities outside the U.S. | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | CNG International classified as held for sale post-acquisition as part of a focus on U.S. oil and gas markets; results of operations (~$7M for VNG and CNG International combined) excluded from net income. No headcount disclosed. | ||||
| 2000-03-31 | restructuring | in_progress | 700 | 2000-01-28 | USD 68 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 700 positions identified for elimination; 247 eliminated by March 31, 2000. $68 million accrued for severance. | ||||
| 2000-03-31 | voluntary_separation | announced | 2000-01-28 | 2000-05-17 | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Early retirement program for eligible salaried employees. Election period April 3 through May 17, 2000. | |||||
| 1998-12-31 | restructuring | in_progress | 1,810 | 1995-03-01 | Virginia and northeastern North Carolina | Virginia Power | USD 89 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through 1998-12-31: 1,932 positions identified for elimination, 1,810 terminated, $89M severance paid. Program announced March 1995 in anticipation of industry restructuring; 1998 severance charge to operations was $1.8M. | ||
| 1998-12-31 | divestiture_reduction | completed | 1998-06-26 | 1998-07-27 | United Kingdom | Dominion U.K. (East Midlands Electricity plc) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of East Midlands to PowerGen plc valued at $3.2B; after-tax gain $200.7M. East Midlands served 2.3 million customers; employee count not disclosed. | |||
| 1998-12-31 | acquisition_addition | completed | 1998-02-01 | 1998-02-28 | Illinois, United States | Dominion Energy | USD 186 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase of Kincaid Power Station (1,108 MW) from Commonwealth Edison for $186M; headcount added not disclosed. | ||
| 1998-12-31 | acquisition_addition | completed | 1998-04-22 | 1998-04-22 | Canada | Dominion Energy (oil and gas) | USD 119 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase of Archer Resources, Ltd. (renamed Dominion Energy Canada, Ltd.) for $119M plus $26M assumed debt; headcount added not disclosed. | ||
| 1998-12-31 | other | announced | 1999-02-19 | 2000-02-19 | United States | Combined company | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger with Consolidated Natural Gas Company valued at $6.3B announced 1999-02-19; expected to close in about 12 months. Press release states minimal workforce reductions anticipated; no headcount figures disclosed. | |||
| 1998-12-31 | restructuring | completed | 122 | 1995-03 | 1998-12-31 | Virginia | Virginia Power | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Part of a program announced in March 1995. As of Dec 31, 1998, 1,932 positions identified for elimination, 1,810 terminated. 1998 severance charge was $1.8 million. The 122 employees affected in 1998 is derived from the difference between total identified (1,932) and previously terminated (1,810). | |
| 1998-09-30 | restructuring | in_progress | United States | Virginia Power | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Third-quarter O&M increase attributed partly to employee severance costs from ongoing organizational changes; no headcount, charge amount, or timeline disclosed. | |||||
| 1998-09-30 | restructuring | completed | 1998-06-08 | Virginia | Virginia Power | USD 159 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Settlement of rate proceedings resulted in impairment of regulatory assets. Employee severance costs recognized as part of continuing organizational changes. | |||
| 1997-12-31 | restructuring | in_progress | 1,619 | 1995-03-01 | United States | Virginia Power | USD 18 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Vision 2000 multi-year program. Cumulative through 1997-12-31: 1,977 positions identified for elimination, 1,619 employees terminated, $74M severance paid. 1997 charge of $18.4M includes $12.5M severance. Estimated annual savings of $80-90M. | ||
| 1997-12-31 | acquisition_addition | completed | 1996-11-22 | 1997-03-31 | United Kingdom | East Midlands Electricity plc | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | East Midlands acquisition completed Q1 1997 for $2.2B; headcount added not disclosed | |||
| 1997-12-31 | restructuring | in_progress | 1,977 | 1995-03 | Virginia Power | Corporate and Operations | USD 18 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Vision 2000 program initiated in March 1995. 1,977 positions identified for elimination through FY1997. $18.4M charge in 1997 includes severance and contract renegotiation. 1,619 employees terminated by year-end. | ||
| 1997-09-30 | restructuring | in_progress | United States (Virginia) | Virginia Power | USD 39 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month 1997 restructuring charge tied to Vision 2000 strategic plan; includes a $31.1 million reserve for costs of the transition to electric competition. No employee counts or completion dates disclosed; balance sheet shows $27.6 million severance costs accrued at 1997-09-30. | ||||
| 1997-09-30 | restructuring | in_progress | Virginia | Virginia Power | USD 30 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charges associated with Vision 2000 strategic plan and reserve for transition to competition. Employee count not disclosed. | ||||
| 1997-09-30 | restructuring | in_progress | Virginia | Virginia Power | USD 39 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD charges associated with Vision 2000 strategic plan and reserve for transition to competition. Employee count not disclosed. | ||||
| 1997-06-30 | acquisition_addition | completed | 4,418 | 1996-11-22 | 1997-03-31 | United Kingdom | East Midlands Electricity plc — distribution and supply | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | East Midlands acquired in Q1 1997; 4,418 employees as of filing. 85% trade union members; ~95% under collective bargaining. | ||
| 1997-06-30 | restructuring | in_progress | United States | Virginia Power — Vision 2000 strategic plan | USD 6 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power recorded $6.3M restructuring charge in Q2 1997 (vs $19.3M in Q2 1996) under Vision 2000 plan. No employee count disclosed. | ||||
| 1997-06-30 | divestiture_reduction | announced | 1997-08-06 | 1997-08-06 | United States | Virginia Power — A&C Enercom, Inc. | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Virginia Power sold A&C Enercom to Intellisource on 1997-08-06. TriTech division had been integrated into Evantage earlier in 1997. No headcount disclosed; filing states no material financial impact. | |||
| 1997-06-30 | restructuring | in_progress | Virginia | Virginia Power | USD 6 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs associated with the implementation of Vision 2000, Virginia Power's strategic plan to prepare for the increasingly competitive electric industry. Employee count not disclosed. | ||||
| 1997-06-30 | acquisition_addition | completed | 4,418 | 1997-03-31 | United Kingdom | East Midlands | other f5-10q / Qwen3.6-27B-Q8_0 | Dominion Resources acquired 100% indirect ownership of East Midlands in the first quarter of 1997. East Midlands currently has 4,418 employees. | |||
| 1997-03-31 | restructuring | completed | 1995-01-01 | 1996-12-31 | Virginia | Virginia Power | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Vision 2000 program included involuntary severance packages. Review substantially complete at Dec 31, 1996. $5.4M charge recorded in Q1 1996 (comparative period). | ||
| 1996-12-31 | restructuring | in_progress | 1,811 | 1995-03-01 | Virginia and North Carolina | Virginia Power — Fossil & Hydro, Nuclear, Commercial Operations, and Corporate Center | USD 49 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Vision 2000 multi-year program. Cumulative through fiscal year-end: 1,811 positions identified for elimination; 1,266 employees terminated as of 1996-12-31 with $45M severance paid to date. FY1996 severance charge was $49.2M; total FY1996 restructuring expense was $91.6M including purchased power contract restructuring and capital project cancellations. Estimated annual savings of $62M–$90M. | ||
| 1996-12-31 | acquisition_addition | completed | 1996-11-13 | 1997-03-14 | United Kingdom | East Midlands Electricity plc — electricity distribution and supply | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Offer announced 1996-11-13; all outstanding shares acquired by 1997-03-14 (after fiscal year-end). East Midlands employed over 5,000 people on average during its FY ended 1996-03-31. Purchase price approximately $2.2 billion. Headcount added not explicitly quantified in the filing. | |||
| 1996-12-31 | restructuring | in_progress | 1,811 | 1995-03-01 | Virginia and North Carolina | Virginia Power | USD 92 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Vision 2000 program. 1,811 positions identified for elimination through FY1996. Includes severance, contract cancellations, and project cancellations. 1,266 employees terminated by year-end. | ||
| 1996-12-31 | voluntary_separation | completed | 1,400 | 1994-01-01 | Virginia and North Carolina | Virginia Power | USD 90 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Early retirement and voluntary separation programs offered in 1994. Approximately 1,400 employees accepted offers. | ||
| 1996-09-30 | restructuring | in_progress | 1,219 | 1995-03 | 1997 | Virginia and northeastern North Carolina | Virginia Power (regulated electric utility) | USD 29 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative positions decided for elimination through 1996-09-30; 1,145 employees already terminated with $38.1M severance paid. 1996 YTD restructuring charges $29.2M. Program continues through 1997; several hundred more positions expected. Annual savings estimated $66–74M. | |
| 1996-09-30 | restructuring | in_progress | 1995-03 | 1997 | Virginia and northeastern North Carolina | Virginia Power (regulated electric utility) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer states several hundred additional positions may be eliminated but cannot yet estimate the count or remaining charges. | |||
| 1996-09-30 | restructuring | in_progress | 1,219 | 1995-03-01 | 1997-12-31 | Virginia | Virginia Power | USD 29 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Vision 2000 program. 1,145 employees terminated as of Sept 30, 1996. Severance payments totaling $38.1 million made. Management believes several hundred additional positions may be eliminated. | |
| 1996-06-30 | restructuring | in_progress | 1,195 | 1995-03 | 1996-12-31 | Virginia and northeastern North Carolina | Virginia Power | USD 25 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Through 1996-06-30 management decided to eliminate 1,195 positions; 995 employees terminated with $28.3M severance paid; $32.7M severance accrued at quarter end; charge is six months ended 1996-06-30 ($19.3M in Q2 alone); program expected to continue through 1996 with additional unquantified costs; estimated annual savings $55M-$65M | |
| 1996-06-30 | restructuring | in_progress | 1,195 | 1995-03-01 | 1996-12-31 | Virginia | Virginia Power | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Vision 2000 program; 995 employees terminated as of June 30, 1996; $28.3 million severance payments made. | |
| 1996-03-31 | restructuring | in_progress | 979 | 1995-03-01 | 1996-12-31 | Virginia and northeastern North Carolina | Virginia Power — enterprise-wide (Vision 2000) | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 979 is the cumulative count of employees terminated under Vision 2000 through 1996-03-31, not a Q1-only figure; $3.2M severance charge recognized in Q1 1996 and $19.4M cumulative severance payments made through 1996-03-31; expected annual savings of $50M–$60M net of outsourcing; further restructuring charges expected in 1996 but not estimable | |
| 1996-03-31 | restructuring | in_progress | 979 | 1995-03-01 | 1996-12-31 | Virginia | Virginia Power | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Vision 2000 program; 979 employees terminated through March 31, 1996. $5.4M charge in Q1 1996 includes severance and other costs. Review expected to continue through 1996. | |
| 1995-12-31 | restructuring | in_progress | 1,018 | 1995-03-01 | Virginia and northeastern North Carolina | Virginia Power (utility operations) | USD 51 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Vision 2000 program. Through 1995-12-31 management decided to eliminate 1,018 positions; 507 employees had been terminated and $8.7M of severance paid. Severance charge of $51.2M is part of $117.9M of Virginia Power restructuring charges for 1995 ($121.5M consolidated, including $3.6M holding-company restructuring). Program expected to continue through 1996; remaining costs not estimable. Expected annual savings of $50-60M net of outsourcing. | ||
| 1995-12-31 | acquisition_addition | completed | 230 | 1996-01-01 | 1996-01-31 | United States (15 offices in 13 states) | Energy services (A&C Enercom, Inc. non-regulated subsidiary) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event after 1995-12-31: Virginia Power acquired two divisions of A&C Enercom of Atlanta, GA from Heartland Development Corporation and formed a non-regulated subsidiary with approximately 230 employees. | ||
| 1995-12-31 | voluntary_separation | completed | 1,400 | 1994 | Virginia | Virginia Power | USD 90 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Early retirement and voluntary separation programs offered in 1994; costs recognized in 1994 and 1995. | ||
| 1995-12-31 | restructuring | in_progress | 1,018 | 1995-03 | Virginia | Virginia Power | USD 51 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Vision 2000 program involuntary severance; 507 terminated by year-end. | ||
| 1995-09-30 | restructuring | in_progress | 486 | 1995-03 | United States (Virginia Power service territory) | Virginia Power — salaried operations | USD 37 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month restructuring charges of $36.6M ($30.6M in Q3) include $28.9M severance recognized in Q3 and $0.7M in Q2; $29.6M severance liability recorded at 1995-09-30 for 486 positions; 256 employees already terminated with $2.6M paid; severance payable over up to twenty months; further Q4 1995 and 1996 charges expected but not estimable; expected annual savings estimated at $20-25M. | ||
| 1995-09-30 | restructuring | in_progress | 486 | 1995-03-01 | Virginia | Virginia Power | USD 30 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Vision 2000 program involuntary severance package. 256 employees terminated as of Sept 30, 1995. Liability of $29.6 million recorded for 486 positions to be eliminated. Severance payments over 20 months. |