Results of Request For Renewable Energy Projects Pleases Dominion Officials
* Developers submit proposals for variety of projects in Virginia, North Carolina
* Company works toward significant increase in renewable generation to meet Virginia, North Carolina goals
Dominion (NYSE: D) officials are pleased by the results of a request for proposals for renewable energy projects to help the company meet renewable electricity sales goals established by Virginia and North Carolina.
“We received numerous requests for information,” said Mark F. McGettrick, president and chief executive officer-Dominion Generation. “Those requests led to dozens of proposals, including ones involving wind, biomass, hydro and solar. We are now evaluating them to see if they merit being added to our existing portfolio of cost-effective, renewable generation.”
The company issued a Request for Proposals (RFP) last November for projects in development or early construction that will generate electricity using wind, sunlight, falling water, sustainable biomass, waste, wave motion, tides or geothermal energy. The projects would be located in Virginia, North Carolina or elsewhere in the PJM Interconnection area, which would allow the electricity to be transported to Virginia and North Carolina. The RFP period concluded earlier this month.
Dominion plans to achieve Virginia’s voluntary goal of 12 percent of base year electricity energy sales coming from renewable energy sources by 2022 and North Carolina’s mandatory goal of 12.5 percent from renewable energy sources and energy efficiency by 2021.
The company operates approximately 416 megawatts of renewable generation, which provides enough electricity to power more than 100,000 homes during times of peak demand. This includes the 83-megawatt Pittsylvania Power Station in Hurt, Va., which is one of the largest biomass-fueled generators on the East Coast. The company also has a 50 percent interest in a 264-megawatt wind generation facility in Grant County, W.Va., that will soon begin commercial operation and a 50 percent interest in 650 megawatts of wind-powered generation under development in Benton County, Ind. In addition to its renewable portfolio, Dominion operates the nation’s largest hydroelectric pumped storage facility, the 2,500-megawatt Bath County Power Station in western Virginia.
Along with renewable energy, Dominion’s strategy for meeting the growing energy needs of its customers in an environmentally responsible manner includes cost-effective energy conservation and peak-load management efforts, as well as construction of new generating facilities fueled by a balanced portfolio of energy sources.
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