Dominion Power 2015 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2015 Dominion Power annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 28

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28

DOMINION RESOURCES 2015 SUMMARY ANNUAL REPORT
19
DOMINION
ENERGY
Operates one of the nation’s largest natural gas storage
systems; a network of 12,200 miles of natural gas
transmission, gathering and storage pipelines; a natural
gas distribution system serving 1.3 million customer
accounts in West Virginia and Ohio; a liquefied natural
gas terminal in Maryland; and Dominion Retail. It also
includes an interest in Blue Racer Midstream, LLC,
and the Atlantic Coast Pipeline partnership.
DOMINION
GENERATION
Operates the company’s fleet of regulated power
stations serving its electric utility franchise, as well
as a merchant power fleet supplying wholesale
markets. Together they account for approximately
24,300 megawatts of electric generation.
BUSINESS LINES
• Natural gas transmission and storage
• Natural gas distribution
• Liquefied natural gas services
• Retail energy marketing
2015 HIGHLIGHTS
• Continued construction on the $3.4–$3.8 billion
Cove Point liquefaction project and secured Federal
Energy Regulatory Commission (FERC) approval
of all 34 construction packages.
• Filed for FERC approval of the $4.5–$5 billion, 594-mile
Atlantic Coast Pipeline project, with partners Duke
Energy, Piedmont Natural Gas and AGL Resources,
and the associated $500 million Supply Header project.
• Secured FERC approval of six growth projects totaling
about $350 million in capital investment.
2016 EXPECTATIONS
• Maintain a superior safety record.
• Continue to invest in pipeline infrastructure to meet
growing demand for Appalachian Basin gas.
• Continue constructing the Cove Point liquefaction facility.
BUSINESS LINES
• Utility power production
• Merchant power production
2015 HIGHLIGHTS
• Complied with the requirements of the EPA’s Mercury
and Air Toxic Standards (MATS) for all company-owned
coal-fired power stations.
• Filed with the SCC for approval of the $1.3 billion,
1,588-megawatt Greensville County Power Station, and
56 megawatts of solar generating capacity.
• Brought online 171 megawatts of long-term, contracted
solar generating capacity in California, Georgia and Utah,
and a 20-megawatt non-jurisdictional Virginia Power solar
generating facility in North Carolina for the U.S. Navy.
• Established a nuclear net capacity factor record of
92 percent or better for the third straight year.
2016 EXPECTATIONS
• Maintain a superior safety record.
• Complete and bring into service at least 345 megawatts
of solar generating capacity.
• Complete and bring online the 1,358-megawatt, gas-fired
combined-cycle facility in Brunswick County, Va.
• Receive SCC approval for Greensville and
56 megawatts of utility-scale solar in Virginia.