Dominion

North Carolina Approves Dominion Rate Base Expansion

Submitted by aburr on Thu, 2013-03-28 20:28

Upon review of Dominion North Carolina Power’s petition for $63.66 million in additional revenues, the North Carolina Utilities Commission authorized the utility to increase its nonfuel base rates by $36.44 million. The commission rejected the company’s recommended ROE of 11.25 percent in favor of a 10.2-percent ROE instead. For the full story and more analysis, subscribe to Utility Regulatory News. http://www.fortnightly.com/utility-regulatory-news-free-trial

Dominion to Build PV Project in Georgia

Submitted by aburr on Fri, 2013-03-08 14:10

Dominion acquired a solar energy development project from Smart Energy Capital and Jacoby Development. The Azalea facility, planned near Augusta in east-central Georgia, is expected to produce approximately 7.7 MW (AC) using photovoltaic technology. Dominion plans to select a contractor and oversee the construction of the project, which is expected to sell power to Cobb Electric Membership Corp. under a 25-year agreement, starting in December 2013. Financial details weren’t disclosed.

People (January 2013)

Sempra board names Debra Reed chairman; Entergy utilities and FENOC appoint new CEOs; Rep. Heath Shuler becomes Duke’s federal affairs v.p.; Dominion gets new CIO; NARUC names new officers; plus executive appointments at Constellation, ITC Holdings, Gas Technology Institute, and others.
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Digest

(January 2013) Dominion Virginia Power contracts Alstom for HRSGs at 1,300-MW Brunswick County station; Entergy acquires KGen plants; San Diego Gas & Electric installs new outage management system; ChargePoint enters reseller agreement with Service Solutions; Saft to install battery storage project at High Wind project in Saskatchewan; NRG’s eVgo finalizes plans for California charging network; plus contracts and announcements from ABB, ADT, Elster, Itron, ElectroIndustries, Opower, Panasonic, FirstEnergy, PacifiCorp, and others.

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Defying the Odds

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.

Byline: 

Herbert Wheary

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Dominion contracts Alstom for Brunswick HRSGs

Submitted by aburr on Thu, 2012-11-29 21:03

Alstom will provide three heat recovery steam generators (HRSG) for Dominion Virginia Power’s new 1,300-MW Brunswick County power station. Alstom says the units will be the largest HRSGs it has supplied for the North America market. Each unit will be coupled with a Mitsubishi MHI501G gas turbine. Alstom contracted to Fluor to lead project engineering, procurement, construction, and commissioning. Construction is expected to begin after Dominion receives approval from the Virginia State Corporation Commission.

People (November 2012)

Westinghouse Electric names former Progress Energy Executive as president and CEO. FirstEnergy makes numerous executive changes and appointments; Pepco hires new general counsel; plus executive appointments and announcements at AEP, PPL, PG&E, ITC Holdings, Dominion, EPRI, SEIA, and others.

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Federal Feud

The jurisdictional battle rages on, with FERC and EPA squaring off against the states.

When Revolutionary War veteran Daniel Shays led an attack on the federal Springfield Armory in January 1787—the spark that ignited the federalist movement—he scarcely could’ve guessed that now, 225 years later, his spiritual descendants would still be fighting that very same battle.

Byline: 

Bruce W. Radford and Michael T. Burr

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Last Call

Utilities are enjoying some of the best financing terms anybody’s ever seen. Is the party winding down?

Conditions are ideal for utility financing—but not forever. Although interest rates remain low, policy changes weigh on capital structures.

Byline: 

Michael T. Burr

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The Fortnightly 40 Best Energy Companies

A challenging year brings a change in the rankings.

(September 2012) Our annual financial ranking shows some remarkable shifts among the industry’s shareholder value leaders. Despite flat demand and low commodity prices, investor-owned utilities are investing heavily in capital assets. Investment discipline and operational excellence distinguish leaders on the path to financial performance.
Byline: 

Michael T. Burr

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