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May 29, 2008
Dominion Virginia Power Plans To Offer ‘Green
Power’ To Customers
- Customers would have option to buy all or part
from renewable sources
- Solar, wind, biomass, geothermal, falling water
all part of the mix
- Program to begin in January, pending State
Corporation Commission approval
RICHMOND, Va. — Dominion Virginia Power, a subsidiary of Dominion (NYSE:D), asked the Virginia State Corporation Commission today for permission to offer its customers two new options to purchase renewable energy.
Renewable energy is derived from sunlight, wind, falling water,
sustainable biomass, waste, wave motion, tides and geothermal power. 
See wind turbines in
action (no audio)
"We are excited to be able to provide our customers with
the ability to support renewable energy," said David A. Heacock, president
of Dominion Virginia Power. "Many of our customers have asked us to provide
them with this voluntary option."
Pending SCC approval, residential and business customers would
be able to purchase renewable energy conveniently starting in January 2009 through
their monthly bills in two ways.
The first option to purchase renewable energy would allow
customers to offset 100 percent of their electrical usage with electricity generated
from renewable energy sources. Payments under this option would be added to
their monthly bill and would be calculated based on their monthly electrical
usage and market prices for renewable energy.
The second option offers customers a fixed dollar amount,
which they would determine, to be added to their monthly bills for the purchase
of renewable energy. The amount of renewable energy purchased would depend on
the dollar amount and market prices for renewable energy.
Under both options, Dominion would purchase renewable energy
certificates from "green power" producers in order to provide customers
a means of directly supporting production of renewable energy. Dominion will
make periodic reports to customers on their purchases of renewable energy.
In addition to this renewable offer, Dominion is committed
to achieving Virginia’s voluntary goal of 12 percent of base year electricity
energy sales coming from renewable energy sources by 2022. The company has a
growing portfolio of renewable energy generation, which now totals nearly 1,300
megawatts in operation or under development in the Mid-Atlantic, Midwest and
Southeast regions.
Renewable resources are an important part of an integrated
strategy Dominion is employing to meet the growing energy needs of its customers.
The strategy, called "Powering
Virginia," is based on energy conservation; renewable generation; other
new generation based on clean coal, emissions-free nuclear and natural gas;
and improvements in transmission and distribution infrastructure.
Dominion is one of the nation's largest producers of energy,
with a portfolio of approximately 26,500 megawatts of generation. Dominion serves
retail energy customers in 11 states. For more information about Dominion, visit
the company’s Web site at http://www.dom.com.
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Editors: For more information on Renewable Energy Certificates,
see the U.S. Department of Energy’s Energy Efficiency and Renewable Energy
Web site at:
http://www.eere.energy.gov/consumer/your_home/electricity/index.cfm/mytopic=10430
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