POST Online Media Lite Edition


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.

Article continues below

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.

What to read next

Dominion Midstream Partners closes $1.725bn Questar Pipeline acquisition
Dominion good to go with Questar merger, says Utah's commission
Dominion Energy acquires, plans to acquire four North Carolina solar energy projects