[Federal Register Volume 68, Number 221 (Monday, November 17, 2003)]
[Notices]
[Pages 64939-64940]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-28594]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27749]


Filings Under the Public Utility Holding Company Act of 1935, as 
Amended (``Act'')

November 7, 2003.
    Notice is hereby given that the following filing(s) has/have been 
made with the Commission pursuant to provisions of the Act and rules 
promulgated under the Act. All interested persons are referred to the 
application(s) and/or declaration(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendment(s) is/are available for public 
inspection through the Commission's Branch of Public Reference.
    Interested persons wishing to comment or request a hearing on the 
application(s) and/or declaration(s) should submit their views in 
writing by December 3, 2003, to the Secretary, Securities and Exchange 
Commission, Washington, DC 20549-0609, and serve a copy on the relevant 
applicant(s) and/or declarant(s) at the address(es) specified below. 
Proof of service (by affidavit or, in the case of an attorney at law, 
by certificate) should be filed with the request. Any request for 
hearing should identify specifically the issues of facts or law that 
are disputed. A person who so requests will be notified of any hearing, 
if ordered, and will receive a copy of any notice or order issued in 
the matter. After December 3, 2003, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Dominion Resources, Inc., et al. (70-10155)

    Dominion Resources, Inc. (``DRI''), a registered public-utility 
holding company, and Dominion Energy, Inc. (``DEI''), its direct, 
wholly owned nonutility subsidiary (together, ``Applicants''), both 
located at 120 Tredegar Street, Richmond, Virginia 23219, have filed an 
application-declaration under sections 6(a), 7, 9(a), 10, 12 (b) and 
(d) and 13 of the Act and rules 53 and 54.
    DRI and DEI propose to organize and acquire Dominion Wholesale, 
Inc. (``DWI''), as a subsidiary of DEI to assist their nonutility 
electric generation and gas-related subsidiaries in the procurement, 
storage and maintenance of materials, machinery, equipment, services 
and supplies (the ``Equipment'') more cost effectively and, 
incidentally, to sell Equipment to unaffiliated third parties.
    DRI and DEI have multiple subsidiaries, utility and nonutility, 
engaged in the generation of electricity.\1\ DRI and DEI state that DWI 
will provide (a) procurement, storage, maintenance and sales of 
Equipment to affiliated nonutility companies and (b) incidental

[[Page 64940]]

sales of Equipment to unaffiliated third parties (``Inventory 
Services''). DEI will be the sole stockholder of DWI, acquiring all of 
its outstanding capital stock or other ownership interests directly. 
DEI would make an initial capital contribution to DWI of $1,000 and 
working capital needs of DWI would be funded through a combination of 
equity investments, capital advances or loans from DRI and/or DEI.
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    \1\ DRI's principal utility subsidiaries are: (1) Virginia 
Electric and Power Company (``Virginia Power''), a regulated public 
utility engaged in the generation, transmission and distribution of 
electric energy in Virginia and northeastern North Carolina; (2) The 
Peoples Natural Gas Company (``Peoples''), a regulated public 
utility engaged in the distribution of natural gas in Pennsylvania; 
(3) The East Ohio Gas Company (``East Ohio''), a regulated public 
utility engaged in the distribution of natural gas in Ohio, and (4) 
Hope Gas, Inc. (``Hope''), a regulated public utility engaged in the 
distribution of natural gas in West Virginia. Virginia Power is a 
direct subsidiary of DRI. Consolidated Natural Gas Company (``CNG'') 
is a direct subsidiary of DRI and also a registered holding company, 
directly owning Peoples, East Ohio and Hope. DRI's nonutility 
activities are conducted through: (1) DEI, active, through its 
direct and indirect subsidiaries (together with DEI, the ``DEI 
Companies''), in competitive electric power generation and in 
development, exploration and operation of natural gas and oil 
reserves; (2) direct and indirect subsidiaries of Virginia Power, 
engaged in acquiring raw materials for nuclear power stations owned 
and operated by Virginia Power, fuel procurement for Virginia Power, 
energy marketing and nuclear consulting services; (3) direct and 
indirect subsidiaries of CNG, engaged natural gas business (other 
than retail distribution), including transmission, storage and 
exploration and production; and (4) DRI's interest in Dominion Fiber 
Ventures LLC which owns Dominion Telecom, Inc., owner of a fiber 
optic network providing telecommunications and advanced data 
services. DRI recently announced its intention to sell its 
telecommunications assets. DRI has another nonutility subsidiary, 
Dominion Capital, Inc., a diversified financial services company 
with operating subsidiaries in commercial and residential lending 
and merchant banking businesses, which is being sold pursuant to 
Commission order. See Dominion Resources, Inc., Holding Co. Act 
Release Nos. 27113 and 27644 (December 15, 1999 and January 28, 
2003, respectively).

    For the Commission, by the Division of Investment Management, 
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pursuant to delegated authority.

J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 03-28594 Filed 11-14-03; 8:45 am]
BILLING CODE 8010-01-P