Richmond

Legislators and state government officials in Ohio, as well as industry groups, are discussing a bill that, if enacted, would require oil and natural gas land agents to register with the state and provide homeowners with several disclosure forms.

Virginia Gov. Bob McDonnell will host a three-day energy conference in Richmond next month that he said will cover every aspect of doing energy business in the state, which he has promoted as becoming “the energy capital of the East coast.”

A 30% decline in quarterly profits was within Dominion’s expectations and growth opportunities are within sight, according to the Richmond, VA-based company, which affirmed its 2010 operating earnings guidance range of $3.20-3.40/share.

Despite absorbing the two-headed blow from mild weather and the economic recession, Richmond, VA-based Dominion Resources posted 4Q2008 unaudited net income of $348 million, or 60 cents per share, up 16% from net income of $299 million, or 52 cents per share, for the same period in 2007.

Richmond, VA-based Dominion Resources Inc. has affirmed its 2008 earnings guidance of $3.10 to $3.15 per share while dropping both its 2009 guidance and spending plans. The company said it has “more than adequate liquidity,” but given the current macroeconomic situation will be cutting $350 million from capital expenditures and reducing some nonfuel operating and maintenance expenses.

Richmond, VA- based Dominion Resources Inc. has affirmed its 2008 earnings guidance of $3.10 to $3.15 per share while dropping both its 2009 guidance and spending plans. The company said it has “more than adequate liquidity,” but given the current macroeconomic situation will be cutting $350 million from capital expenditures and reducing some nonfuel operating and maintenance expenses.

Dominion Transmission Inc. (DTI), a subsidiary of Richmond, VA-based Dominion Resources, is seeking FERC authorization to start up by Nov. 14 new pipeline facilities in Pennsylvania that are associated with the expansion of the Dominion Cove Point liquefied natural gas (LNG) import terminal on the Maryland eastern shore.

Dominion Transmission Inc. (DTI), a subsidiary of Richmond, VA-based Dominion Resources, is seeking FERC authorization to start up by Nov. 14 new pipeline facilities in Pennsylvania that are associated with the expansion of the Dominion Cove Point liquefied natural gas (LNG) import terminal on the Maryland eastern shore.

In a decision that could have broad impact on communities seeking to block liquefied natural gas (LNG) facilities, a federal appeals court in Richmond, VA, has ruled that a Baltimore County zoning ordinance that bans the construction of LNG facilities in certain Chesapeake Bay coastal areas is preempted by the Natural Gas Act (NGA).