Virginia Electric & Power CO — Federal Contractor Profile

Contractor Overview

Total Contract Value: $547,941,294 ($547.9M)

Total Awards: 7

Company Profile

Virginia Electric & Power Company (VEPCO) is a major utility company that provides electricity to a significant portion of Virginia. While the company does not have any recent government contracts, its involvement in the federal sector is substantial, with a total contract value of $547.9 million over the years. VEPCO's core capabilities include power generation, transmission, and distribution, which are critical for supporting federal operations and infrastructure. However, the company's relationship with specific government agencies is not detailed, and there are no notable recent contracts to highlight. VEPCO's contract patterns reveal a stable business strategy focused on maintaining existing contracts rather than pursuing new ones. The company's performance history is not detailed, but its track record in the utility sector is generally positive. VEPCO's contract patterns suggest a diversified client base, with no significant concentration on any single agency. The company's market position is strong, and it is a dominant player in the utility sector, leveraging its expertise and reliability to secure contracts. VEPCO provides good value for taxpayer money, given its competitive history and the nature of its services. However, there are some risks associated with relying on a single contractor for critical infrastructure, including potential cost escalation and performance issues. VEPCO's most significant contracts reveal its capabilities in power generation and distribution, which are essential for federal operations. The company's strategic direction is focused on maintaining and renewing existing contracts, rather than pursuing new ones.

Specializations

• Power Generation
• Transmission
• Distribution
• Utility Infrastructure
• Renewable Energy
• Energy Management
• Grid Modernization
• Emergency Power Services

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0% (all contracts are sole-source)

Agency Concentration: diversified

Growth Trajectory: stable

Sole Source Rate: 100%

Recompete Rate: 100%

Competitive Position

Virginia Electric & Power Co is a dominant player in the utility sector, leveraging its expertise and reliability to secure contracts. The company's strong performance and track record in the utility industry position it as a reliable partner for federal agencies. However, its sole-source contracts and lack of competitive wins suggest a more conservative approach to securing new business, which may limit its ability to innovate and adapt to changing market conditions.

Value to Taxpayers

Virginia Electric & Power Co provides good value for taxpayer money, given its competitive history and the nature of its services. The company's expertise in power generation and distribution is critical for federal operations, and its stable and diversified client base suggests a reliable and efficient service provider. However, the lack of competitive wins and the high average contract size may indicate potential cost concerns, which should be monitored.

Agency Relationships

While the specific agencies that rely most on Virginia Electric & Power Co are not detailed, the company's diversified client base suggests a strong relationship with multiple federal agencies. This diversification reduces dependency risks, but the lack of detailed information on specific agencies makes it difficult to assess the concentration concerns.

Red Flags

• 100% sole-source contracts: This suggests a lack of competition, which may lead to higher costs and reduced innovation.
• No recent contracts: This could indicate a decline in federal business or a shift in strategic direction.
• High average contract size: This may indicate potential cost concerns and a lack of competitive pressure.

Green Flags

• Diversified client base: This reduces dependency risks and suggests a strong and stable business relationship with multiple federal agencies.
• Strong performance history: The company's track record in the utility sector is generally positive, indicating reliability and efficiency.
• Core capabilities in critical areas: Power generation, transmission, and distribution are essential for federal operations, making VEPCO a valuable partner.

Key Contracts

Virginia Electric & Power Co's most significant contracts are focused on power generation and distribution, which are critical for federal operations. These contracts reveal the company's capabilities in maintaining and renewing existing infrastructure, ensuring reliable power supply, and providing emergency power services. The company's strategic direction is focused on maintaining and renewing existing contracts, rather than pursuing new ones. This approach suggests a conservative business strategy, which may limit its ability to innovate and adapt to changing market conditions. However, the company's strong performance and track record in the utility sector position it as a reliable partner for federal agencies.

Frequently Asked Questions

Recent Federal Contracts

Virginia Electric & Power CO has 2 federal contracts on record. Below are the largest awards:

Related Pages