Dominion Virginia Power, a unit of Dominion, said it is not changing its position on a potential new nuclear unit at North Anna Power Station despite a decision by the Old Dominion Electric Cooperative to withdraw from the project.
Thomas F. Farrell II, Dominion chairman, president and chief executive officer, said Virginia faces a shortfall in electric power generation in the next 10 years, especially baseload capacity. He confirmed that while Dominion has not decided on the schedule to build the unit, the company will continue to move forward with the federal Combined Operating License process and preliminary site development work.
Old Dominion owns 11.6 percent undivided interest in and share of the power generated by North Anna Units 1 and 2. Its announcement on the possible new units does not affect existing agreements on the operating units.
The U.S. Nuclear Regulatory Commission currently is reviewing Dominion's application to build and operate North Anna Unit 3. The company said it will reassess the North Anna project schedule as the NRC approaches making a decision on the station's combined operating license application, currently anticipated in 2013.
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