Dominion, which already had some trading appetizers on thetable, is taking a bigger bite of the dotcom marketplace,announcing yesterday that its Dominion Energy Clearinghouse willoffer a one-stop shop customized for its wholesale customers toprice and buy energy commodities.

The clearinghouse, headquartered with its parent company inRichmond, VA, complements Dominion’s B2B services and is designedfor existing customers, according to spokesman Dan Donovan. Theservice will focus on wholesale customers in the Midwest, Northeastand Mid-Atlantic states, buying and selling electricity, naturalgas, fuel oil, coal and emission allowances, and offering assetmanagement services. Throughout the Northeast, the clearinghousewill offer customer service support, capacity, storage andbalancing services along interstate pipelines.

For Dominion, the newest venture is but another B2B menu option.In October, Dominion launched an Internet site (domenergypro.com)to offer energy professionals news, information and services. Thesite, a service of Dominion Energy Direct Sales Inc., offers anaggregated industry news service for energy professionals andrelated fields, and it has real-time access to Nymex-relatedarticles and information. The newest Internet venture is anoffshoot of the news service, according to Donovan, and customerswill be able to reach the clearinghouse through the news site.

In September, Dominion teamed up with TXU Energy Trading, CoralEnergy, Koch Energy Trading Inc., Williams Energy Marketing andTrading, and voice brokerage Cantor Fitzgerald to form TradeSpark (seeDaily GPI, Sept. 26). DynegyInc. and Entergy Corp. are expected to also become partners in theTradeSpark venture. TradeSpark, a neutral exchange, offers commoditytrading also. It will not compete with Dominion’s trading site, butrather offer another avenue for new customers.

To contact the clearinghouse, visit the website atwww.dom.com/operations/clearinghouse.

©Copyright 2000 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.