generating capacity

Dominion Closes on First Phase of Solar Sale to SunEdison

Dominion closed on the first phase of its previously announced sale of a 33 percent ownership interest in 425 MW of solar generating capacity to SunEdison. Dominion received approximately $180 million for the first phase, which includes an ownership interest in 253 MW of solar generating capacity at 15 sites in five states. The second phase is expected to close by early 2016 for approximately $120 million, subject to working capital and certain other adjustments.

Cost-Recovery for Pre-Approved Projects

Uncertainties remain, but recent cases provide guidance.

Levelized rates can serve customers’ interests, while also accelerating capital investment and providing an economic stimulus to the economy.