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July 13, 2007
RICHMOND, Va. - Dominion Virginia Power, a subsidiary of Dominion (NYSE: D), is expanding programs that help customers use energy more efficiently, better understand their energy consumption patterns, and help the environment by increasing the use of renewable energy sources.
The company has formed an Energy Conservation group to encourage a renewed customer interest in energy efficiency. The group will explore new technologies and techniques for residential and business customers to reduce their impact on the environment and help them reduce their demand for electricity. |
“Virginia’s need for electricity is burgeoning,” said Thomas F. Farrell II, chairman, president and chief executive officer. “The projected additional demand for power in Virginia in the next 10 years is 4,000 megawatts, or the equivalent electricity to power 1 million new homes.
“The only way to meet that demand effectively is through a combination of energy conservation, efficiency and peak-load management along with a systematic program to add new generation facilities. This approach will provide our customers with a balanced and flexible portfolio of reliable, cost-effective energy,” Farrell said.
As part of adding more power sources, Dominion plans to increase the use of renewable generation with the goal of having 12 percent of its electricity come from those sources by 2022. That would match the target included in the electric utility re-regulation legislation adopted earlier this year by the Virginia General Assembly. Dominion already has expanded its renewable portfolio in a partnership with Royal Dutch Shell to build a 164-megawatt wind generation facility in West Virginia, which is enough power to supply electricity for about 40,000 residential customers. Dominion will continue to evaluate additional cost-effective, renewable energy sources. In continuing support of energy conservation and peak load reduction efforts, Dominion is: |
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state legislatures, public utility commissions and electric utilities to use to meet the nation’s growing demand for energy by delivering cost-effective demand-side options. When fully implemented, this could save Americans billions of dollars over the next decade, contribute to enhanced energy security, and improve the environment. |
David W. Green, vice president-Customer Service, and Robert H. Burnette, director-Energy Conservation, will lead the company’s conservation efforts. Burnette has spent most of his 32 years with Dominion helping industrial and commercial customers understand how to use energy more efficiently.
The Northern Virginia Technology Council, which is the association for the technology community in Northern Virginia with more than 1,100 member companies, welcomed Dominion’s announcement: "The Northern Virginia Technology Council supports all efforts to encourage businesses and customers to conserve energy. NVTC sees an opportunity to build our region into a ‘Green Hub’ if innovation and modernization, incentives, voluntary, market-oriented programs such as Energy Star, and public education efforts to address demand are aggressively and appropriately employed."
Dominion is one of the nation's largest producers of energy with an energy portfolio of more than 24,000 megawatts of generation. Dominion also serves 5.3 million retail energy customers in nine states. For more information about Dominion, visit the company's Web site at www.dom.com.
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Jim Norvelle, (804) 771-6115 |
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