Dominion Virginia Power Proposes to Build Natural Gas Power Station in Brunswick County
Dominion Virginia Power announced today that it proposes to invest more than $1 billion to build a combined-cycle, natural gas-fired power station in Brunswick County.
Dominion expects to ask the Virginia State Corporation Commission later this year for permission to build the Brunswick County Power Station. With a generating capacity of more than 1,300 megawatts, the station would be completed by the summer of 2016. The station would produce enough electricity to power more than 325,000 homes.
Output from the Brunswick County facility would replace the electricity generated by coal units at two eastern Virginia stations that are planned to be retired and would help meet customers' growing demand for electricity.
"The Brunswick County site offers us an ideal location to generate electricity to serve Southside Virginia and Hampton Roads reliably and will help us close the gap of 4,000 megawatts in additional peak demand that our customers are expected to need within the next decade," said Thomas F. Farrell II, chairman, president and chief executive officer for Dominion, the parent company of Virginia's largest electric utility.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.