Dive Summary:
- Dominion has gained approval from the Virginia State Corporation Commission to build a 1,358-megawatt (MW) natural gas plant in Brunswick County, Virginia, the utility announced Friday.
- The $1.3 billion plant will counteract lost capacity from retired coal plants and save Dominion $96 million in fuel costs in its first year of operation.
- Construction will begin immediately with the plant going online by the summer of 2016.
From the article:
“Coinciding with the approval, the Virginia State Corporation Commission also gave the thumbs-up for necessary transmission connections, as well as a rate increase to recover the $1.3 billion in construction costs.”