Dominion Resources

Dominion announces solar expansion

Source: 
Richmond Times-Dispatch

Dominion Resources says it will install 2,500 solar panels at a Capital One Financial Corp. project in Virginia with the eventual capacity of 500 kilowatts, as well as purchasing two solar energy projects from EDF Renewable Energy in California totalling 42 megawatts, the Richmond Times-Dispatch reports.

Duke-Dominion pipeline move highlights big investment opportunity

Source: 
E&E

Natural gas pipelines and terminals are big capital investment projects that are a natural fit for utilities, and the announcement from Duke Energy and Dominion Resources this week that they were joining the project to build the Atlantic Coast Pipeline could be the start of a trend, E&E reports.

Dominion, Duke propose $5B natural gas pipeline

NEW YORK (AP) — Dominion Resources, Duke Energy and other partners are proposing a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.

Gas is being relied upon to generate more of the nation's electricity in recent years because enormous new domestic supplies have drastically lowered its price and because natural gas burns cleaner than the nation's other most important fuel for electric power, coal.

Md. Judge throws out zoning exemption for Cove Point LNG

Source: 
The Associated Press

A county ordinance exempting Dominion Resources’ proposed Cove Point LNG export terminal from zoning laws violates the Maryland’s constitution, according to a ruling from Judge James Salmon, The Associated Press reports.

Divergent views on exporting gas through Chesapeake Bay

LUSBY, Md. (AP) — Dominion Resources' proposal to build a liquefied natural gas export facility is dividing residents of the quiet town of Lusby on the Chesapeake Bay.

Some, like longtime resident Tracey Eno are worried about increased air pollution.

"That can't be good for me. I mean that's just common sense," said Eno, 44, who lives 1½ miles from the site. "Is that going to show up as asthma? Lung cancer?

Millstone says faulty relay cause of power loss

WATERFORD, Conn. (AP) — A spokesman for the Millstone Power Station nuclear plant says a malfunctioning relay caused the loss of power over the weekend.

Ken Holt, spokesman for Connecticut's sole nuclear plant, on Tuesday blamed relay on a transmission line that carries power to and from the Waterford plant.

Power was restored Sunday, several hours after it failed. The plant, owned by Dominion Resources Inc., is still not operating and Holt said officials don't yet know when it will.

FERC: No significant impact in Dominion gas exports plan

WASHINGTON (AP) — Federal regulators concluded Thursday that Dominion Energy's proposal to export liquefied natural gas from its Cove Point terminal on the Chesapeake Bay in Maryland would pose "no significant impact" on the environment — a positive step for the company.

The environmental assessment by the Federal Energy Regulatory Commission staff is a recommendation to the commission, which will decide whether the $3.8 billion project can go forward. Other permits are also required.

"The adverse cumulative impacts that could occur in conjunction with the project would be temporary and minor," the FERC staff said.

Energy provider Dominion 1Q profit falls 23 pct

RICHMOND, Va. (AP) — Dominion Resources Inc. said Wednesday that its first-quarter profit fell more than 23 percent on costs related to the repositioning of its producer-services business despite higher electricity sales.

The Richmond, Va., energy provider posted earnings of $379 million, or 65 cents per share, for the period ended March 31. That's down from $495 million, or 86 cents per share, a year ago.

Dominion acquires 6 solar power projects in Calif.

RICHMOND, Va. (AP) — Dominion Resources says it has acquired six solar development projects in California from Recurrent Energy.

The Richmond, Va., energy provider said Tuesday that the sites are located in California's Fresno, Kern and Kings counties.

Construction began in the first quarter and the facilities are expected to be commercially operational in late 2014 or early 2015. Terms of the deal were not disclosed.

Analysts say Dominion's exit from retail electricity may mark new trend

Source: 
E&E

Market analysts suggest Dominion Resources' decision last week to withdraw from the retail electricity business may signal a trend where larger companies yield to financial pressures and exit competitive electricity markets, E&E reports.

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