Dominion still committed to potential nuclear expansion at North Anna Power Station

Source: Dominion

Dominion Virginia Power, a subsidiary of Dominion (NYSE: D), said that 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 substantial shortfall in electric power generation in the next 10 years, especially baseload capacity that is available 24 hours, seven days a week. North Anna Unit 3, if built, can provide this electricity safely and reliably while producing virtually no greenhouse gases. A diverse supply of electrical generation capacity in Virginia is important to the Commonwealth and our customers. 

"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."
"The Old Dominion Electric Cooperative (ODEC) is a great partner in the safe and efficient operation of Units 1 and 2 at North Anna. We respect its decision not to pursue an ownership stake in Unit 3." 

ODEC owns 11.6 percent undivided interest in and share of the power generated by North Anna Units 1 and 2. Today's announcement does not affect the agreement between Dominion and ODEC on the operating units.
The U.S. Nuclear Regulatory Commission (NRC) currently is reviewing the company's application to build and operate North Anna Unit 3. The company 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. 

Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 27,600 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,100 miles of electric transmission lines.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs