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Dominion Earns Power Industry's 2006 Supplier Diversity Award
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WASHINGTON, DC, June 15 /DiversityBusiness.com/ -- Edison Electric Institute (http://www.eei.org) today announced that Dominion (NYSE: D) has earned the electric power industry's 2006 Supplier Diversity Excellence Award for its comprehensive efforts in advancing the development of minority and women-owned business enterprises (M/WBE) in the electric power marketplace. Richmond, Virginia-based Dominion was recognized for a wide variety of initiatives to create and develop business opportunities for M/WBEs:
- * Since Dominion started its M/WBE outreach efforts in 1982, the company has increased its annual corporate expenditures for M/WBE from less than $10 million to more than $194 million last year.
- * From 2004 to 2005, Dominion expanded the use of supplier companies owned by women by 50 percent.
- * Local M/WBE organizations hold Dominion's Supplier Diversity Program as a model for other corporations.
- * Dominion works with the company's non-minority business partners to include M/WBEs in Dominion projects.
"Dominion deserves this praise for its efforts to expand purchasing opportunities for minority and women-owned businesses," said EEI President Thomas R. Kuhn. "The company's efforts to broaden its supplier base keep them among the nation's most competitive electric and natural gas delivery companies in the country. Dominion's efforts also help the U.S. electric power industry to be among the strongest industries in the world."
"Dominion is committed to fostering diversity and promoting minority and women-owned business enterprises because it makes good business sense," said Mary C. Doswell, Dominion Resources Services president and chief executive officer. "We're proud of our progress and recognize that continuing our commitment will contribute to the success of our business."
Dominion is one of the nation's largest producers of energy, with a portfolio of about 28,100 megawatts of generation, about 6.3 trillion cubic feet equivalent of proved natural gas reserves and 7,800 miles of natural gas transmission pipeline. Dominion also operates the nation's largest underground natural gas storage system with about 950 billion cubic feet of storage capacity and serves retail energy customers in nine states. For more information about Dominion, visit the company's Web site at
http://www.dom.com/.
For the past 23 years, EEI has recognized those electric companies who have demonstrated leadership in advancing purchasing opportunities for minority and women-owned businesses. Contracts with power companies during this time have gone from being written for such traditional services as office supplies and temporary personnel, to critical industry areas such as underground and overhead line construction, meter reading, nuclear engineering services and construction management, and pension fund management.
The 2006 Supplier Diversity Award was presented during EEI's Supplier Diversity Seminar in Indianapolis.
Edison Electric Institute (EEI) is the association of United States shareholder-owned electric companies, international affiliates, and industry associates worldwide. Our U.S. members serve 97 percent of the ultimate customers in the shareholder owned segment of the industry, and 71 percent of all electric utility ultimate customers in the nation. They generate almost 60 percent of the electricity produced by U.S. electric generators.
SOURCE: Edison Electric Institute
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