Dominion Announces Intent to Seek License Renewal
at Millstone in 2004
WATERFORD, Conn. – Dominion (NYSE: D) announced Tuesday
that it intends to file an application with the U.S. Nuclear Regulatory Commission
to renew the licenses for its two operating nuclear units at Millstone Power
Station for an additional 20 years.
Dominion anticipates filing the application in 2004. If granted
by the NRC, the license for Unit 2, an 870-megawatt pressurized water reactor,
would be extended to 2035, and the license for Unit 3, an 1,150-megawatt reactor,
to 2045. Unit 1, a 660-megawatt reactor, is being decommissioned.
"We want to continue generating electricity for New
England well into the future," said Thos. E. Capps, chairman, president,
and chief executive officer. "We are proud of the employees at Millstone
and the work they do every day to run the units safely and reliably. Millstone
has a long, safe, useful life ahead of it."
Millstone's two units recently set a station record of 283
days of continuous operation, which ended when Unit 2 entered a scheduled refueling
outage.
Dominion has been evaluating license renewal at Millstone
since it acquired the station in April 2001. The NRC already is reviewing license
renewal applications for the company's two Virginia stations, North Anna and
Surry.
Dominion, headquartered in Richmond, Va., is one of the nation's
largest producers of energy, with a production capability more than 3 trillion
British thermal unit of energy per day. Its 22,000-megawatt generation portfolio
is expected to grow to more than 26,000 megawatts by 2005. For more information
about Dominion, visit the company's Web site at www.dom.com.
