Message Font: Serif | Sans-Serif
No. of Recommendations: 0
is this the same dominon? they sure are spending big bucks......

"Our strategic growth plan consists of investments in new infrastructure in all of our regulated lines of business. At Dominion Generation, it involved the construction of new generation to reduce the existing capacity deficit of Virginia Power to meet the expected growth in demand from our service territory and to replace the generating capacity that is being retired, in order to comply with new EPA regulations.

At Dominion Virginia Power, it involves the modernization of the 500 kV loop that has been the backbone of our electric transmission system, as well as upgrades in new service lines to support demand from new customers, including data centers, and to maintain reliability to portions of our service area affected by generation plant retirements.

At Dominion Energy, it involves the construction of the gathering, processing and transmission infrastructure that will be needed to facilitate the natural gas production from Marcellus and Utica Shale formations. It also includes the systematic replacement of much of the pipeline network at Dominion East Ohio. All told, this plan involves about $11.6 billion of new plant investment and identified projects over the next 5 years, providing the foundation for our 5% to 6% expected growth in earnings per share beginning this year, which we again affirm today."
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.