Dominion Virginia Power invests $4 billion in reliability improvements

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Richmond, Va., January 5, 2010 – Dominion Virginia Power is spending $4 billion over three years to improve and expand its ability to provide reliable electric service to its customers.

A part of ensuring electric reliability is having sufficient generating capacity. To keep up with growing demand for electricity, the company is adding new gas-fired generating units and a hybrid coal station, in addition to renewable power sources. Environmental improvements also have been made to older stations to reduce their emissions.

Dominion’s distribution system reliability has been improving since 2004, primarily through identifying and focusing on circuits where interruptions are more frequent.

Last year Dominion Virginia Power reconditioned over 350 miles of electrical circuits, including installing more than 1,000 new poles, 3,500 new lightning arrestors and other devices.

Dominion has invested more than $2 billion in recent years on pollution-control equipment to reduce emissions and meet new, more-stringent environmental requirements.

In addition, the company has committed to meeting Virginia’s goal of achieving 15 percent of its electricity sales from renewable sources in 2025 and to reducing the growth in customer demand for electricity by 10 percent over the next 12 years.

To help meet the conservation goal, Dominion Virginia Power will begin offering new energy efficiency programs this year to assist residential and business customers in saving energy and money and in helping to protect the environment.

Smart meters are now being installed in some areas of Virginia as part of a demonstration project that will be expanded throughout the state if approved by the Virginia State Corporation Commission.

Dominion is one of the nation’s largest producers of energy, with a portfolio of more than 27,500 MW of generation. Dominion serves retail energy customers in 12 states.


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