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Stock Market & Financial Investment News

News Breaks
February 15, 2013
14:37 EDTDDominion 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.
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September 2, 2014
08:08 EDTDDominion, Duke Energy, Piedmont Natural Gas, and AGL forms joint venture
Dominion (D), Duke Energy (DUK), Piedmont Natural Gas (PNY) and AGL Resources (GAS) announced the formation of a joint venture to build and own the proposed Atlantic Coast Pipeline. The $4.5B-$5B, 550-mile natural gas pipeline would run from Harrison County, W. Va., southeast through Virginia with an extension to Chesapeake, Va., and then south through central North Carolina to Robeson County. The partnership, called Atlantic Coast Pipeline LLC, will own the pipeline initially proposed by Dominion as the Southeast Reliability Project. Dominion is to build and operate the Atlantic Coast Pipeline on behalf of the venture. The joint venture ownership stakes are: Dominion, 45%; Duke Energy, 40%; Piedmont, 10%; and AGL Resources, 5%. Dominion expects to file its FERC application in the summer of 2015, receive the FERC Certificate of Public Convenience and Necessity in the summer of 2016, and begin construction shortly thereafter.

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