Dominion Names Duke Energy Executive President Of Dominion's Trading Division.Business Editors, Utilities Writers RICHMOND, Va.--(BUSINESS WIRE)--Oct. 1, 2001 Kevin T. Howell has been named president-Dominion Energy Clearinghouse, the energy marketing and trading division of Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Energy, effective today. Dominion Energy is the power generation, energy marketing and gas transportation unit of Dominion (NYSE NYSE See: New York Stock Exchange : D), one of the nation's leading electric power and natural gas companies. At present, Howell is executive vice president-Global Trading, Marketing & Risk Management, Duke Energy Corp., Houston. Howell has more than 20 years of energy-related experience. His commodities experience includes power, natural gas, petroleum products and financial derivatives in U.S., European, Latin American and Asian markets. Thomas F. Farrell, chief executive officer of Dominion Energy, said: "We are pleased to bring into our company a skilled energy executive of Kevin's breadth and scope. Under his stewardship stewardship the occupation of being a steward or custodian. Referring to animals it implies the caring sort of relationship based on an acceptance of the need to include the rights of animals in overall plans to maintain financial viability. , we're confident he will direct the continued strong growth of our energy marketing and trading operations. Kevin's mission is to build on our earlier successes and to make the clearinghouse the leading energy marketing and energy services company in the Midwest, Northeast and Mid-Atlantic regions of the U.S." Dominion is on target to achieve expected annual increases in gas trading volumes Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. from 1.2 trillion cubic feet at the end of 2000 to 2.4 trillion cubic feet at the end of 2003. Annual electricity trading volumes are on target to increase from 136 million megawatt-hours in 2000 to 265 million megawatt-hours by the end of 2003. Howell will be based in Richmond and will report to Paul D. Koonce, senior vice president-portfolio management. Richard T. "Rick" Thatcher Thatch·er , Margaret Hilda. Baroness. Born 1925. British Conservative politician who served as prime minister (1979-1990). Her administration was marked by anti-inflationary measures, a brief war in the Falkland Islands (1982), and the passage of a , vice president-Market Services, now oversees the Dominion Energy Clearinghouse. Effective Oct. 1, Thatcher will become vice president-Dominion Energy and senior business consultant. In his new position, Thatcher will be involved with numerous strategic business issues, including the company's deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. plan; new business initiatives; non-utility generation restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). ; and corporate outreach Outreach is an effort by an organization or group to connect its ideas or practices to the efforts of other organizations, groups, specific audiences or the general public. . He will continue to be based in Richmond and will also report to Koonce. "In many respects, we can consider Rick Thatcher the father of Dominion's successful trading operation," Farrell said. "He founded it seven years ago and built it into an integral part of Dominion's growth plan. With this remarkable success in hand, and a nationally prominent successor now appointed, we're delighted that Rick is now ready to focus his considerable energy in other critical areas." |
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