RICHMOND, Va., Aug. 6, 2015 /PRNewswire/ -- In its eighth
annual Citizenship & Sustainability Report (CSR)
released today, Dominion (NYSE: D) says the company's carbon
intensity rate – carbon emissions per unit of electric output from
its generating fleet – declined by 28 percent from 2008 to 2014.
Over the same period, the company's total equivalent carbon dioxide
emissions, which include carbon dioxide, methane and nitrogen
oxides, have been reduced by about 37 percent.
The comprehensive CSR highlights Dominion's 2014 social,
economic and environmental performance and progress. It is
available online at www.dominioncsr.com.
The report is organized to provide information and metrics that
may be helpful to Dominion stakeholders in evaluating the company's
sustainability commitments and performance over time.
Reporting is structured on a corporate basis and all data are
aggregated by means of internal tracking and measurement
systems.
Other performance highlights featured in the report include:
- Dominion and its philanthropic arm, the Dominion Foundation,
awarded more than $18 million in
charitable grants in 2014 to about 1,300 nonprofit organizations in
the states served by the company, and Dominion employees donated
more than 100,000 hours of volunteer service to their
communities;
- More than 200 megawatts of solar power – the company's
fastest-growing renewable energy source – were placed into service
in 2014 in California and
Tennessee, with an additional 200
megawatts of solar capacity expected to come online in 2015;
- 111 military veterans were hired through the "Troops to Energy
Jobs" program to help vets transition to civilian careers and to
address the company's need for skilled workers; and
- Dominion was named "Utility of the Year" by Electric Light
& Power, a leading trade publication, for the company's
outstanding safety performance, corporate reputation,
infrastructure investments, and environmental and sustainability
initiatives.
Thomas F. Farrell II, chairman,
president and chief executive officer, said:
"Behind these and many other accomplishments is a diverse,
dedicated group of Dominion employees. Their commitment to
operate responsibly is rooted in our core values – safety, ethics,
excellence and teamwork. These guiding principles help focus
our efforts to address the company's many challenges and to strive
for sustainable outcomes in all areas of our business."
Dominion was ranked No. 1 on Fortune magazine's 2015 list
of "most admired electric and gas utilities." The company
also was the top-ranked U.S. utility on Forbes magazine's
2015 "America's Best Employers" list, placing 37th overall among
500 U.S. employers in 25 industries included on the list.
Moreover, a news release issued recently by Ceres mentioned
Dominion as one of the power producers that has achieved "some of
the highest levels of improvement in their CO2 emission rates."
That release and the accompanying report, cosponsored by the
Natural Resources Defense Council, may be found at the following
link:
http://www.ceres.org/press/press-releases/new-report-u.s.-power-sector-continues-to-reduce-air-pollution-emissions-in-advance-of-epa2019s-clean-power-plan.
Dominion is one of the nation's largest producers and
transporters of energy, with a portfolio of approximately 24,600
megawatts of generation, 12,200 miles of natural gas transmission,
gathering and storage pipeline and 6,455 miles of electric
transmission lines. Dominion operates one of the nation's
largest natural gas storage systems with 928 billion cubic feet of
storage capacity and serves utility and retail energy customers in
13 states. For more information about Dominion, visit
www.dom.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dominions-carbon-intensity-rate-drops-by-28-percent-from-2008-14-new-online-report-says-300124974.html
SOURCE Dominion