Dominion Power 2015 Annual Report Download - page 16

DOMINION RESOURCES 2015 SUMMARY ANNUAL REPORT
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Highlighted growth areas include:
Electric distribution and transmission
Over the next five years, we plan to invest
more than $1 billion per year in electric
distribution and transmission growth
projects in Virginia to further improve
our reliability metrics. The spending
comprises undergrounding distribution
lines on the most outage-prone circuits,
substation physical security and reliability
upgrade projects.
Electric generation:
natural gas and renewables
More than $3 billion over five years is
planned for new generation facilities
serving Virginia Power customers to
meet demand and replace facilities slated
for closure to comply with federal
environmental rules. Among the projects
is Brunswick County, the $1.2 billion,
1,358-megawatt gas-fired combined-
cycle station nearing completion in
Southeastern Virginia. Another is the
$1.3 billion, 1,588-megawatt gas-fired
combined-cycle Greensville County
plant, just miles from Brunswick. If
approved by the State Corporation
Commission of Virginia (SCC), the latter
would come online in late 2018.
In addition, we expect to install
400 megawatts of solar generating
capacity in Virginia by 2020 through
company investments and long-term
contracts. Dominion has filed for SCC
approval to construct three utility-scale
solar projects for $130 million. They would
enter service by the end of 2016.
In total, these generating facilities
could serve more than 800,000 Virginia
homes and businesses.
Natural gas transmission
Over the next five years, Dominion plans
to invest in natural gas infrastructure
projects designed to increase transporta-
tion and reliability capacity for consump-
tion by — particularly — electric and gas
utilities and electric power generators.
These new pipelines — an investment
of more than $6 billion from Dominion
and its partners — would add 3.6 billion
cubic feet per day in the Northeast,
Southeast and mid-Atlantic. That amount
of gas could fuel 14 similar-sized power
stations as Brunswick County — powering
5 million homes — or provide heating and
cooking fuel to 12 million homes.
The two largest gas transmission
projects we have proposed include the
$4.5 billion to $5 billion Atlantic Coast
Pipeline (ACP), of which Dominion is a
45 percent partner, and the $500 million
Supply Header project, which would
upgrade access to the supply points
connecting with the ACP.
The ACP would transport natural
gas into Virginia and North Carolina,
for use by electric and gas utilities in
those states, including Dominion.
The pipeline’s nearly 600-mile route
has been designed to minimize impact
to environmental and historic resources.
In September 2015, Dominion and its
partners filed for approval by the Federal
Energy Regulatory Commission (FERC)
and have since submitted four significant
supplemental filings and 17 federal
permit applications.
We expect the pipeline and the
associated Supply Header project to
enter service in late 2018.
Cove Point liquefaction
Construction on the $3.4 billion to
$3.8 billion Cove Point liquefaction
project — which would liquefy natural
gas at our Cove Point facility on the
Chesapeake Bay in Maryland, under
firm, long-term contracts, for export to
overseas allies — is well underway. Nearly
1,600 workers and all major equipment
are on site. The FERC has approved
all 34 construction packages and we
anticipate the project entering service —
on time and on budget — in late 2017.
Natural gas distribution
infrastructure projects
Dominion is expanding its program to
replace aging pipes at its two natural gas
distribution companies, Dominion East
Ohio and Dominion Hope. Your company
plans to boost spending on the program to
more than $200 million annually, reducing
methane emissions and ensuring
continued reliable service.
COMMUNITY
At Dominion, we take our commitment
to the communities we serve seriously.
Our employees are a civic-minded sort
and give back in many ways, including
volunteering their free time at local
soup kitchens, food pantries and parks.
In 2015 your company and our
philanthropic arm, the Dominion
Foundation, contributed more than
$23 million in our communities,
supporting human needs, community
development, the environment,
education and the arts.
$1.7M
CONTRIBUTED AS PART OF
DOMINION’S MATCHING
GIFTS PROGRAM
110,000
HOURS OUR EMPLOYEES
VOLUNTEERED IN THEIR
COMMUNITIES