- Dominion Energy (NYSE:DO) says it plans to build at least eight new natural gas-fired plants in Virginia during the next 15 years, among several steps described in explaining how it will generate power to comply with regulations and meet customer needs through 2033.
- The company also plans to increase solar generation by nearly 50% over last year's forecast, a revision made possible in part because of the technology's increasing affordability, company executives tell Associated Press in an interview.
- Dominion says a number of coal- and oil-fired power plants likely will be retired, and while Virginia's four existing nuclear units will remain in use, plans for a fifth reactor remain shelved for now.
- Separately, Dominion was awarded a $770M contract for electric and regulated energy management services in Hampton Roads and surrounding areas in Virginia, the Pentagon announced yesterday.
- Now read: Noble Corp (NYSE:NE).: Solid Company But Needs New Business
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