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On May 19, 1983, Virginia Electric and Power Company ("Vepco'O consummated a corporate reorganization whereby a new holding company. Dominion Resources, Inc., ("Dominion") was created, which now holds all outstanding Vepco stock. By order entered September 6, 1983, in Case No. PUE 830060, the Commission found that Dominion's plans for the reorganized corporate structure of Vepco and its impact upon future operations of Vepco should be thoroughly investigated to determine possible and probable effects upon ratepayers-, As the initial step in this investigation, the Commission directed Vepco and Dominion to file certain preliminary information on the reorganization and the present and proposed operations of the various subsidiaries of Dominion, existing and projected.
Vepco and Dominion filed their response to the Commission's order on September 20, 1983. The filing indicates that current organizational plans of Dominion include the possible establishment of the following subsidiaries: a natural resource exploration company, a company to pursue development of a coal slurry pipeline, a company or companies to own Dominion's share of jointly owned electric generating companies to provide energy to Vepco under contract, and a company to administer the charitable programs of, and make grants for, Dominion, Vepco, and the other subsidiaries as they are created. Dominion Resource Services, Inc. ("Services"), an existing subsidiary of Dominion, is intended to provide staff and support services to Vepco and other Dominion subsidiaries.
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