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wiredInUSA - February 2016
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Dominion Virginia Power will spend
nearly $9.5 billion to increase generation
capacity and upgrade its infrastructure.
The firm plans to invest $2.4 billion in
its distribution system, $3.6 billion in
transmission lines and substations, and
$3.5 billion on new generation and
environmental improvements.
The investments also include $700 million
for new solar generation and additional
funds for undergrounding vulnerable
distribution lines, subject to approval by
the Virginia state corporation commission.
The announcement follows last year’s
decision toconstruct 400MWof large-scale
solar projects in Virginia at a cost of $700
million.
The company also plans to upgrade the
electric grid in Virginia and northeastern
North Carolina.
Dominion Virginia said that the proposed
investments are in addition to the
planned $5 billion Atlantic coast pipeline
project, currently awaiting federal energy
regulatory commission approval. The
company said in a statement: “We believe
the additional supplies of clean-burning
natural gas to be brought by the Atlantic
coast pipeline are essential to the
company’s plans to meet the goals laid
out in the federal clean power plan to
substantially lower carbon emissions from
power production.”
Virginia
investments
wiredInUSA - February 2016
INDEX11
Upgrading infrastructure at a cost of $9.5 billion.
Photograph courtesy of Naypong/freedigitalphotos.net