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Bill Murray Dominion November 8, 2010 Energy Panel.

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Presentation on theme: "Bill Murray Dominion November 8, 2010 Energy Panel."— Presentation transcript:

1 Bill Murray Dominion November 8, 2010 Energy Panel

2 2009 Electric Production by Fuel* Diverse Generation Mix * Total production by regulated units. Excludes non-utility generation (NUG) under contract.

3 3 Dominion Virginia Power Emissions Reductions Actual Emissions 2010, 2015 Projected Emissions Dominion Virginia Power Emissions Reductions Actual Emissions Projected Emissions Dominion Virginia Power Emissions Reductions Actual Emissions Projected Emissions

4 Projected Timeline for Environmental Regulatory Requirements for Utilities

5 24,000 26,000 22,000 28,000 Existing generating capacity Needed additional capacity (assuming import ratio of 34% maintained) Sources: PJM long-range forecast, January 2010 Virginia Energy Plan, September 2010 Virginias energy gap 7,200 MW by 2020 Demand for Electricity Continues to Grow 30,000 Megawatts (MW)

6 18,000 20,000 16,000 22,000 Existing generating capacity Expected peak demand Source: PJM long-range forecast, January 2010 Dominions energy gap 5,600 MW by 2020 Demand for Electricity Continues to Grow

7 Source: Energy Information Administration, Short-Term Energy Outlook, Electricity, Power Generation Fuels Costs. Natural Gas Pricing Natural Gas Prices for Electricity Generation Monthly Average (Dollars per million Btu)

8 Renewable Energy More than 1,600 MW of renewable capacity operational or under development –Operational NedPower Wind (132 MW in Mt. Storm, WV) Pittsylvania Biomass (80 MW in Hurt, VA) Gaston/Roanoke Rapids Hydro (315 MW in Roanoke Rapids, NC) –Under Development VCHEC Biomass (Wise County, VA) Solar Project (Halifax County, VA) Virginia Wind (Western Virginia)

9 Played significant role in reducing summer 2010 peak (300 MW) Significant strides, especially in smart technology –Pilots in Chesterfield, Charlottesville, Northern Virginia Five Dominion programs underway in Virginia –Lighting programs for residential and commercial customers –Low income energy audits –Air conditioner control –Commercial HVAC rewards Conservation / Demand Management Conservation / Demand Management

10 Considering additional nuclear unit at North Anna Dominion natural gas plans include: –Bear Garden 650 workers on site –Warren County –Conversion of Bremo Bluffs Power Station VCHEC operational in 2012, will burn coal, waste coal, and biomass –More than 2,000 workers on site Traditional Generation

11 Dominion Virginia Power (DVP) is one percent of the VA economy 80 percent plus reductions in DVP air emissions 5600 MW of new capacity needed 1600 MW of renewables in service or in development 2700 workers employed building two new power plants Key Numbers

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