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Dominion Resources to invest $9.5 billion through 2020

Staff writer |
Dominion Virginia Power, a unit of Dominion Resources, has earmarked $9.5 billion for capital expenditures through 2020, including on clean energy.

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Dominion Virginia said the planned investment was in addition to the spending on building the Atlantic Coast Pipeline, a $5 billion natural gas pipeline that is awaiting regulatory approval. The utility plans to

upgrade electric grids in Virginia and northeastern North Carolina. The company said $2.4 billion was allocated for the company's distribution system, $3.6 billion for transmission lines and substations and $3.5 billion for new generation and environmental improvements.

The budget includes $700 million for solar power. It also includes funds for replacing overhead cables with underground cables, if it receives the Virginia state's approval.


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