Pursuant to Senate Joint Resolution No. 138 of the General Assembly, the State Corporation Commission offers this report on investor-owned electric utility real estate holdings. The report pertains to those real estate holdings not presently used and useful in providing electric service. To obtain information for this report, the six investor-owned electric utilities were required to supply the following information:

1. List of all real estate holdings in Virginia (whether held directly or through a subsidiary) and include information with respect to such holdings showing:

(a) Location
(b) Acreage
(c) Purchase Date
(d) Purchase Price
(e) Present Value

2. Purpose for owning each parcel.

3. Plans, if any, for future utilization of each parcel.

4. How each parcel is reported for rate-making purposes, i.e., whether reported as used and useful property upon which the company expects to earn a rate of return or held at shareholder's expense.

5. Additionally, each utility was requested to give its position with respect to the following two questions:

(a) Would the Company consider it to be in the public interest to dispose of any present real estate holdings which are not reasonably expected to be used in the generation, transmission, and distribution of electric energy?

(b) If the Commission found it to be in the public interest for the company to dispose of any real estate holdings, would the company agree to do so?