Dominion Power 2013 Annual Report Download - page 3

EVERY DAY WE EXECUTE ON
OUR GROWTH PLAN
PROJECTS ONLINE
ALTAVISTA POWER STATION
In 2013 at our Dominion Virginia Power
electric utility, we converted three small
coal-fired power stations to use biomass,
principally tree tops and branches that
remain unused from timbering operations,
as fuel. These three stations — Altavista,
Southampton and Hopewell — had become
less economical over the past decade,
running at a combined capacity factor of
only 26 percent in 2009. The conversions,
at a relatively low price tag of about
$157 million, provide a steady, stable, reliable,
renewable form of power for the 2.5 million
customer accounts that use round-the-clock
electric service from Virginia Power.
AZALEA SOLAR POWER FACILITY
Located about 60 miles southwest of Augusta, Ga., Dominion’s Azalea Solar
Power Facility entered service in late 2013. The 8-megawatt solar farm has
a 25-year power purchase agreement with Cobb Electric Membership Corporation,
one of the largest electric cooperatives in Georgia. Two other solar developments
came online in 2013 — Indy Solar in Marion County, Ind., and the Somers Solar
Center in Somers, Conn. The 29-megawatt Indy Solar project has a 15-year
power purchase agreement with Indianapolis Power & Light Company.
The Somers Solar Center has a generating capacity of 5 megawatts and a 20-year
power purchase agreement with The Connecticut Light and Power Company.
These projects are part of Dominion’s expanding renewables footprint.
PUNXSUTAWNEY COMPRESSOR STATION
Whether or not Punxsutawney Phil’s shadow predicted six more weeks of
winter, and thereby additional demand for natural gas, more pipeline capacity
and compression are needed throughout the Marcellus and Utica Shale plays of
the Appalachian Basin merely to keep pace with increased production there.
The Punxsutawney compressor station is part of the $97 million Northeast
Expansion project that entered service in late 2012 and increased pipeline
capacity in the region by 200,000 dekatherms per day, or the equivalent of
moving 200 million cubic feet of gas production daily. Overall, since mid-2012,
new Dominion Transmission pipeline projects have increased send-out capacities
from Appalachian gas fields by about 1.2 billion cubic feet per day.
AZALEA, GA
PUNXSUTAWNEY, PA ALTAVISTA, VA
02 DOMINION RESOURCES, INC. 03 DOMINION RESOURCES, INC.
In 2013, Dominion invested about $2.5 billion in growth capital for
energy infrastructure projects that we expect to begin serving our
customers over the next decade. Your company’s long-term energy
infrastructure program is diverse and shows growth among all of
Dominion’s business lines. This plan aims to provide reliable electric and
gas service at reasonable rates while leveraging business opportunities
to add shareholder value. As the growth plan continues to move
forward, we anticipate the projects to be on time and on budget,
and serve our customers’ service expectations without fail.