Lockheed Martin and Dominion Resources co-developed a new smart grid technology called VirtuGrid, which will enable remote detection of power outages for faster mapping and response. VirtuGrid enables data, including voltage, power, energy readings, GPS location, phase and circuit connectivity, to be sent from the remote location to the substation over the same path as the power. The technology facilitates control and timing of remote communications with multiple types of communication networks with very low bandwidth usage.
Dominion Resources agreed to purchase Carolina Gas Transmission (CGT) from SCANA Corporation for approximately $492.9 million. The company plans to close on the acquisition in January 2015. The transaction would include no assumption of debt and, upon closing, would be immediately accretive to Dominion's operating earnings per share. Subject to board approvals by Dominion and Dominion Midstream Partners, Dominion expects to contribute CGT into Dominion Midstream for a combination of debt and units by mid-year 2015.
The industry’s transformation has begun. Should the F40 transform too?
New England’s proposed capacity market reform would force generators to ‘Be There or Else.’
NRG Energy entered into agreements with Dominion Resources to acquire its retail electric business. Once completed, the acquisition will support NRG's ongoing efforts to expand the company's retail footprint in the Northeast and to grow its retail position in Texas.The transaction closed at the end of March.
Virginia brings a new coal-fired plant online.
Reports of coal’s demise are exaggerated. This summer, Dominion cleared the regulatory gauntlet to start up a new coal plant. Whether the example can be replicated might hinge on state incentives—and the forward price of natural gas.
Doing the right thing can drive utility stock performance.
Utilities get little credit for their efforts to strengthen the sustainability of their businesses. But these efforts have paid dividends in stock performance, capital costs, regulatory relationships, and brand value. Capturing the greatest value for shareholders will require utilities to become better understood as socially responsible enterprises.
(April 2012) MidAmerican Energy awarded a contract to Siemens Energy to supply wind turbines for its 407-MW project expansion. American Electric Power began operating the 580-MW Dresden natural gas-fired combined-cycle power plant. Duke Energy and ChinaHuaneng Group signed a three-year agreement expanding their research cooperation to include coal and carbon capture and sequestration technologies. And others...
Genesis Solar obtains partial loan guarantee from Department of Energy; Midland Cogeneration, Dominion Resources and Duke receive underwriting; U. S. Department of Energy selects Abengoa Bioenergy for federal loan guarantee, and more.
Preparing for New England’s capacity transition.
A wave of coal-fired plant retirements presages a possible crisis in the New England market. As load-serving utilities in ISO New England become increasingly dependent on natural gas-fired capacity and large-scale renewable generators, the region might be forced to rely on expensive cost-of-service reliability contracts to keep the lights on. Stakeholders are considering alternative approaches to encouraging power plant development, including special rate incentives previously reserved for transmission projects. Paul J. Hibbard, former Massachusetts DPU chairman and now vice president with the Analysis Group, analyzes how resource constraints are blurring the lines between competitive markets and integrated resource planning in New England.