RICHMOND, Va., March 29, 2016 /PRNewswire/ -- The Virginia
State Corporation Commission (SCC) today approved Dominion
Virginia Power's request for a Certificate of Public
Convenience and Necessity to build a state-of-the-art natural
gas-fired power station in Greensville
County.
"We are pleased that the SCC has granted approval for the
Greensville Power Station," said Paul
Koonce, CEO of Dominion Generation Group. "This project will
ultimately bring low cost, reliable electricity to our customers
while saving them $2 billion over the
life of the plants' operation, in addition to providing a major
economic impact and good paying jobs for Southside Virginia."
Customers will save $2.1 billion
over the life of the power station through fuel savings versus the
projected cost of purchasing electricity on the open market.
Construction is expected to begin later this year on the
$1.3 billion power plant on a site
that straddles the Greensville/Brunswick County line. The power station will
generate 1,588 megawatts of electricity and will be built on 55
acres. It is being constructed just a few miles from Dominion's
Brunswick Power Station, which is expected to be fully operational
next month.
Construction at the station will create more than 1,000 jobs and
approximately 45 full-time positions once on line in 2019. In its
first year of operation, the station is expected to provide as much
as $8 million in property taxes for
Greensville County in Southside
Virginia. During the development and construction phase, the
project will provide direct and indirect economic benefits to the
Commonwealth of approximately $474
million, which supports on average approximately 460 jobs
annually.
"Greensville County will
recognize significant benefits from the construction of the
Greensville Power Station," said Peggy R.
Wiley, Chairman of the Greensville
County Board of Supervisors. "The impact on our economy,
jobs and businesses in the region will help this community, and we
look forward to working cooperatively with Dominion Virginia
Power."
The station will have low carbon intensity because it utilizes
clean-burning natural gas, combined cycle technology and best
available control technology to reduce emissions. It will also have
lower water usage that will minimize the impact to rivers and
streams. Dominion customers will also benefit from a reduction of
Dominion's overall carbon intensity.
Greensville Power Station is part of Dominion's plan for meeting
demanding new air quality and proposed carbon dioxide emissions
standards while keeping up with growing customer demand for energy.
While there are no immediate plans for a solar facility in
Brunswick or Greensville counties, solar is already part of
the conditional use permit for this property.
About Dominion Virginia Power
Dominion Virginia Power is a
subsidiary of Dominion (NYSE: D), one of the nation's largest
producers and transporters of energy. Dominion provides energy or
products and services to more than five million customers in 14
states. It has a portfolio of approximately 24,300 megawatts of
generation and 6,500 miles of electric transmission
lines. Dominion also operates one of the nation's largest
natural gas storage systems with 933 billion cubic feet of storage
capacity. For more information about Dominion, visit the company's
website at www.dom.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/state-corporation-commission-approves-dominions-greensville-power-station-300242783.html
SOURCE Dominion Virginia Power