Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
RICHMOND, Va. (AP) — Richmond, Virginia-based energy giant Dominion Resources is planning to change its name.
The company announced Monday it will seek shareholder approval to be renamed Dominion Energy Inc.
Chairman, president and CEO Thomas Farrell II said in a statement that the new name will unify the company's brands throughout the 18 states where it does business.
The change will take place later in the year, pending the approval of shareholders at the company's annual meeting this spring.
The company said its shares of common stock will continue to be traded on the New York Stock Exchange under the ticker symbol "D."
Dominion produces electricity and operates one of the nation's largest natural gas storage systems. It owns Virginia's largest electric utility.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
