By Seth Heald
On May 3, I took a day off from work to travel to Richmond for Dominion Resources Inc.’s annual shareholders meeting. Dominion Resources owns Dominion Virginia Power, the commonwealth’s largest utility.
I went to speak in favor of a shareholder resolution asking Dominion’s management and board to set a timetable for ending the company’s purchases of coal obtained through mountaintop-removal mining.
The board recommended voting against the resolution, and so it went down to defeat, as most shareholder resolutions do. But I thought I’d share my comments at the meeting with Roanoke Times readers, who might be particularly interested in the Dominion board’s cavalier response to the resolution. The board didn’t even try to defend mountaintop removal. Instead it just passed the buck and absolved itself and the company from any responsibility for the devastation its coal purchases are causing.
Heald, of Rixeyville in Culpeper County, is a lawyer and a Dominion Resources shareholder.