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Stock Market & Financial Investment News

News Breaks
May 20, 2014
13:23 EDTDDominion issues statement on EPA's new 316b rule
Dominion has issued the following statement regarding the Environmental Protection Agency's new rule designed to protect aquatic life from cooling water intakes at power stations: "The Environmental Protection Agency's final rule for Cooling Water Intake Structures at Existing Facilities under section 316(b) of the Clean Water Act requires new technology and monitoring requirements on electric generating stations to reduce impacts on aquatic resources. Dominion thanks EPA Administrator Gina McCarthy and her staff for their extensive and open dialogue with stakeholders and for including provisions that recognize the importance of ensuring electric reliability, said Thomas F. Farrell II, Dominion's chairman, president and chief executive officer. As a result, Dominion believes the rule represents a reasonable approach to minimizing the impact on aquatic life while being mindful of the impacts to ratepayers. Our initial review of the rule finds that it includes significant improvements compared to the proposed rule. States retain authority to impose effective entrainment measures appropriate for the site-specific features of each facility. Also, EPA has provided needed business certainty by identifying a suite of technologies that can be selected to reduce impingement impacts. The rule does not mandate the use of costly and energy-intensive cooling towers at all facilities, yet it will result in major capital investments in advanced technologies that are suitable for each facility. These choices in compliance options based on enhanced monitoring will ensure the selection of effective, yet prudent technologies. This reasonable approach will minimize costs to our customers and recognizes our responsibility to protect the reliability of the electric grid. Dominion has done an initial review of the rule and believes it will apply to several of its power stations. A detailed analysis of the rule is ongoing."
News For D From The Last 14 Days
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September 16, 2014
07:29 EDTDBofA/Merrill to hold a conference
2014 Power and Gas Leaders Conference to be held in Boston on September 16-17.
September 15, 2014
09:31 EDTDEDF Renewable Energy to sell 57 MW of solar projects to Dominion
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September 3, 2014
09:05 EDTDDominion adds first solar demonstration site in central Virginia
Dominion (D) Virginia Power is installing 240 photovoltaic panels on the rooftop of Virginia Union University's Thomas H. Henderson Center. The system will be capable of generating about 70 KW of electricity. The installation at Virginia Union University is considered a demonstration site under Dominion's Solar Partnership Program. PowerSecure (POWR) has been selected as the engineering, procurement and construction company.
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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