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Dominion, Smithfield complete first renewable gas project in Utah
Dominion Energy Inc. and Smithfield Foods Inc., both based in Virginia, completed their first renewable natural gas (RNG) project in southwestern Utah, Smithfield announced Wednesday. In 2018, the Richmond-headquartered utility and Smithfield-based food company partnered in the $500 million Align Renewable Natural Gas joint vent[...]
Volvo electric trucks to be produced at NRV plant in early 2021
Volvo Trucks North America’s plant in Pulaski County will manufacture its new battery-powered VNR Electric truck model starting early next year, the company announced Thursday. The largest Volvo truck plant in the world, the Dublin facility currently employs close to 3,000 people and builds heavy-duty trucks of multiple mo[...]
Appalachian Power denied rate increase by SCC
A rate increase sought by Appalachian Power Co. has been denied by the State Corporation Commission. According to a statement issued by the SCC on Tuesday, Appalachian Power was seeking to increase rates by approximately $10 per month for a typical residential customer using 1,000 kilowatt hours of electricity. Appalachian Power earned profits that were […]
AES Corp. to sell $1.8B in debt in private offering
Arlington-based energy company AES Corp. announced Thursday its plans to sell $1.8 billion in debt in a private offering to institutional buyers. The company will offer $800 million in 1.375% senior notes due in 2026 and $1 billion in 2.45% senior notes due in 2031. AES intends to allocate an amount equal to the net […]
Va. Coalfield Economic Development Authority establishes $1M Renewable Energy Fund
The Virginia Coalfield Economic Development Authority (VCEDA) announced Thursday it has established a $1 million Renewable Energy Fund from coal tax credit funds. “With the establishment of the Renewable Energy Fund, VCEDA is poised to readily assist in the development of renewable energy projects, which will add new jobs and investment to the region and […]
Northam announces $10M investment in oyster restoration
Gov. Ralph Northam on Thursday visited the Elizabeth River Project’s Learning Barge to announce $10 million in funding to support future Chesapeake Bay oyster restoration — marking the first time Virginia capital funds have been directed toward restoring natural resources. “Virginia has made tremendous progress in improvi[...]
Shuttered Alexandria power plant making way for mixed-use development
A former coal-fired power plant in Alexandria will become home to a mixed-use development along the Potomac River. Chicago-based Hilco Redevelopment Partners (HRP), a Hilco Global business unit, announced Monday it purchased the 71-year-old Potomac River Generating Station site, which encompasses approximately 20 acres. HRP ac[...]
BWXT completes nuclear fuel line project, begins fuel production
A subsidiary of Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) announced Tuesday it has completed the TRISO (tristructural isotropic particle fuel) nuclear fuel line restart project for the U.S. Department of Energy (DOE) and is producing the fuel at its Lynchburg facility. In June, DOE’s Idaho National Laboratory awarded BWXT Nuclear Operations Group Inc. […]
Dominion proposes nine new solar projects
Richmond-based Dominion Energy Inc. proposed a new slate of projects on Monday that would bring nearly 500 megawatts of solar energy to Virginia customers, enough to power around 125,000 homes at peak output. The proposal, which the utility called “its largest slate yet of new solar projects” in a statement, was submitted fo[...]
Dominion closes on sale of majority of natural gas assets
Richmond-based Dominion Energy Inc. announced Monday that it has closed on the sale of the majority of its gas transmission and storage assets to Berkshire Hathaway Energy (a Berkshire Hathaway Inc. affiliate) for approximately $2.7 billion in cash and the transfer of approximately $5.3 billion of related indebtedness. In July following the cancelation of the […]
Va., Md., N.C. governors sign offshore wind collaboration
The governors of Virginia, Maryland and North Carolina on Thursday announced a three-state collaboration to advance offshore wind projects — the Southeast and Mid-Atlantic Regional Transformative Partnership for Offshore Wind Energy Resources. SMART-POWER will work to promote the Southeast and mid-Atlantic regions as a hub for[...]
Dominion launches electric school bus program
Earlier this week, Richmond-based Dominion Energy Inc. and Evington-based bus dealer Sonny Merryman Inc. rolled out the first Jouley electric school buses as part of the Dominion Energy Electric School Bus Program. “Once again, Virginia is leading the way in promoting electric vehicle technology and improving our environ[...]
