Dominion Resources, Washington Redskins Announce
Partnership
ASHBURN, Va. – The Washington Redskins and Dominion Resources
Inc. (NYSE: D) have announced a multi-year strategic energy management and marketing
partnership. Financial details of the agreement were not disclosed.
Under the agreement, Dominion Resources and the Redskins
will cooperate on a variety of energy management and marketing initiatives on
several business and consumer levels. Through its Virginia Power subsidiary,
Dominion will provide comprehensive energy management solutions to Redskins
Stadium throughout the term of the agreement. The work will be performed by
Virginia Power’s Evantage business unit. Dominion also will be able to make
special energy offers to Redskins fans when competition opens up the regulated
natural gas and electricity industries.
"While our overall energy expenditures are confidential,
we anticipate the total dollar savings through Dominion’s energy solutions will
be well into six figures each year," said Michael Dillow, senior vice president
of Redskins Stadium operations.
Thos. E. Capps, chairman, president and chief executive
officer of Dominion Resources, said, "We are extremely delighted to be selected
as the ‘Official Energy Partner of the Washington Redskins.’ The Redskins are
a legendary football franchise. Our heritage is energy and service. We truly
look forward to making this partnership a winning team."
Dominion Resources, headquartered in Richmond, Va., is an
$18 billion holding company active in electric power generation, transmission,
and distribution and in natural gas exploration and production. The Washington
Redskins are one of the most storied NFL franchises, with fans throughout the
world, and are three-time Super Bowl Champions.
