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The Virginia Electric and Power Company (VEPCO), now known as Dominion Virginia Power, was incorporated on 29 June 1909 as the Virginia Railway and Power Company after acquiring three of the largest rail companies in Richmond. During the 1910's the company operated streetcars in four cities under complex and inflexible franchises. After World War I streetcar fares failed to adjust to meet increased cost demand, so that, by the mid-1920's, streetcar and electrical companies had shifted their businesses to focus principally on the distribution of electrical power. For the next three quarters of a century, VEPCO continued to consolidate smaller companies and increase the size of its power grid throughout Virginia and Northern North Carolina. [The Library of Virginia]

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septiembre 20, 2021