Dominion Voltage awarded U.S. patent for conservation voltage reduction Dominion Voltage, a Dominion (D) company, has been awarded a patent for its EDGE technology that enables electric utilities to plan, manage and validate voltage conservation for grid optimization. The title of the patent from the U.S. Patent and Trademark Office is "Voltage Conservation Using Advanced Metering Infrastructure (AMI) and Substation Centralized Voltage Control." The company says EDGE can result in reducing the customer's electric bill by 3%-5% with no change in the customer's behavior, compared with savings of 1%-1.5% through traditional voltage conservation programs.
Dominion resumed with a Buy from Neutral at Citigroup Citigroup upgraded Dominion Resources to Buy after resuming coverage of the stock and raised its price target for shares to $85 from $74. Citi also added the name to its Focus List. The firm expects drop downs to drive strong cash flows for Dominion.