Sign In
Free Newsletter
Dominion offshore wind farm cost climbs to $9.8B
Dominion Energy Inc.’s offshore wind farm will cost about $2 billion more than expected, the Richmond-based Fortune 500 utility’s chair, president and CEO, Bob Blue, said during a third quarter earnings call Friday. Instead of the previously estimated $7.8 billion, the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) commercial project will cost approximately $9.8 billion, Blue [&hel[...]
Major companies pledge $1.5M for broadband expansion
Dominion Energy Inc., Meta Platforms Inc. — formerly Facebook — Glen Allen-based Primis Bank and Petersburg-based The Cameron Foundation have collectively pledged more than $1.5 million to expand broadband access across Virginia, Gov. Ralph Northam announced Thursday. The funding will contribute to efforts to extend service to 233,000 Virginians who lack access to broadband. “These […[...]
Siemens Gamesa to build first U.S. offshore wind blade factory in Portsmouth
Siemens Gamesa Renewable Energy S.A., a Spanish wind turbine company, will invest $200 million to build the first U.S. offshore wind turbine blade manufacturing facility in Portsmouth, creating 310 jobs, Virginia Gov. Ralph Northam announced Monday from the Port of Virginia’s Portsmouth Marine Terminal. Siemens Gamesa is a partner in Dominion Energy’s 2.6-gigawatt, $7.8 billion [&helli[...]
Dominion Energy to sell Questar Pipeline to Southwest Gas for $1.9B
Richmond-based Dominion Energy Inc. has reached an agreement to sell its Questar Pipeline subsidiary to Las Vegas-based Southwest Gas Holdings Inc. for $1.975 billion, the Fortune 500 utility announced Tuesday. The all-cash deal includes the assumption of $430 million of debt. The transaction is expected to close in the fourth quarter. Questar Pipeline is an […]
Dominion Energy to sell downtown Richmond high rise
Dominion Energy is selling its 20-story high rise building in downtown Richmond‘s Financial District as the company looks toward a future that includes a hybrid workforce. Mike Frederick, the company’s senior vice president-administrative services, told employees Thursday in a memo that Dominion‘s Eighth and Main tower, at 705 E. Main St. will be sold. Real […]
Clean slate
On April 17, 2020, with a flourish of the pen, Virginia Gov. Ralph Northam reshaped the future of energy production in the commonwealth. Signing the Virginia Clean Economy Act (VCEA) into law last year, Northam declared that Virginia would become a leader in fighting climate change, and, indeed, no other Southern state has passed legislation […]
Energy
EDWARD H. ‘ED’ BAINE PRESIDENT, DOMINION ENERGY VIRGINIA, RICHMOND Baine is an example of the American dream made real. He grew up poor, working on his family’s tobacco farm in Lunenburg County, where, he says, he learned the value of hard work, dedication and responsibility. He subsequently applied that lesson during his more than […]
Dominion Energy and Port of Va. reach lease agreement for offshore wind project
Dominion Energy Inc. and the Port of Virginia reached an agreement allowing Dominion to lease 72 acres of the Portsmouth Marine Terminal, Gov. Ralph Northam announced Wednesday. Dominion Energy will use its portion of the 287-acre terminal, one of the Port of Virginia’s two multiuse terminals in the Norfolk Harbor, as a staging and pre-assembly […]
Federal approval process starts for Va. Beach wind farm
Friday will mark an important milestone for Dominion Energy Inc.’s wind energy plans, as the federal Bureau of Ocean Energy Management begins its two-year permitting and environmental review of the 2.6-gigawatt Coastal Virginia Offshore Wind project. That’s the next step before construction begins in 2024, Dominion said in a news release. Gov. Ralph Northam and […]
Dominion vessel to assist in building Northeastern offshore wind farms
Dominion Energy Inc. has reached an agreement with two companies to charter its offshore wind turbine installation vessel to assist with construction of two offshore wind farms in the Northeastern U.S. The partnership with Ørsted and Eversource was announced Tuesday and comes six months after Dominion announced construction had begun on the $500 million vessel, […]
Dominion’s Surry nuclear plant’s lifespan extended to 2052-53
Dominion Energy Inc.’s two Surry County nuclear power reactors have received approval from the Nuclear Regulatory Commission to operate until 2052 and 2053. The two nuclear reactors at Dominion‘s Surry Power Station, which are capable of generating enough power for 419,000 homes, received a 20-year extension from its previous license, which allowed the plants to […]
SCC approves nine solar farms to provide power for Dominion
On April 30, the Virginia State Corporation Commission approved nine major solar farms, which have the potential to generate nearly 500 megawatts and power 125,000 homes for Virginia customers of Richmond-based Fortune 500 utility Dominion Energy Inc. “This is another major step forward in building a clean energy economy in Virginia,” said Ed Baine, president of Dominion […]
