Presentation on theme: "August 2014 Southeast Reliability Project. 2 Dominion Profile: Power and Natural Gas Infrastructure Leading provider of energy and energy services in."— Presentation transcript:
August 2014 Southeast Reliability Project
2 Dominion Profile: Power and Natural Gas Infrastructure Leading provider of energy and energy services in the Midwest, Northeast and Mid-Atlantic regions of the U.S. RI OH VA NC IN PA CT MD WV NY Dominion’s Core Values Safety Ethics Excellence One Dominion Dominion’s Core Values Safety Ethics Excellence One Dominion
3 Most Admired Company Rank Company 1.NextEra 2.Dominion 3.Southern Company 4.PSEG 5.Xcel Energy Dominion ranked first in: (1) People management, (2) use of corporate assets, (3) quality of management, (4) financial soundness and (5) long-term investment.
4 Valued Corporate Citizen CR’s 100 Best Corporate Citizens 2014 Ranked No. 71 among Russell 1000 companies Five straight years in top 100 Criteria: environment, climate change, employee relations, human rights, corporate governance, philanthropy, financial No. 1 ranking in corporate governance
5 Environmental Compliance Spent about $2 billion from Projects – all at Virginia Power – include: Scrubbers at Chesterfield, Clover, Mount Storm SNCRs at Clover, Altavista, Hopewell, Southampton SCRs at Chesterfield, Mount Storm, Chesapeake, Possum Point By 2015, upgrades expected to reduce: NOx emissions by 84 percent SO ₂ emissions by 97 percent Mercury emissions by 95 percent
6 Cleaner Air in Virginia
7 Project need The pipeline would provide : improved supply of natural gas for utilities looking to meet new EPA clean air regulations and use natural gas to generate electricity rather than other fuels local distribution companies searching for new, less expensive supplies of natural gas for its residential and commercial customers and industries looking to build or expand their operations.
8 Natural Gas Pipelines in Virginia
9 Project details Length: Approximately 550 miles Pipe: 42-inch diameter in West Virginia and Virginia; 36-inch diameter in North Carolina; 20-inch to Hampton Roads Capacity: 1.5 billion cubic feet/day Three compressor station locations: 1.West Virginia (near beginning of route) 2.Central Virginia 3.Near Virginia/North Carolina state line Route: The final pipeline route has not been selected. Dominion is conducting surveys and will determine the best route based on landowner input and an assessment of environmental, historic and cultural impacts.
10 Potential benefits Economic development activity potential Property tax revenues Near-term employment opportunities Economic activity for local businesses during construction and operation
11 Regulatory process and expected timeline The Federal Energy Regulatory Commission (FERC) is the lead agency. If Dominion decides to move forward with the proposed project: ActivityTiming Survey/route planningMay-Dec FERC Pre-Filing RequestFall 2014 FERC ApplicationSummer 2015 FERC CertificateSummer 2016 Construction In-serviceLate 2018
12 Public participation Pre-filing activityTiming Survey notification letters to landowners within the 400-foot study area Mid-May 2014 Local officials informed about surveying letters May-June 2014 Meetings with Boards of Commissioners/Supervisors and municipal governments Aug.-Sept Open houses
13 Dominion in Highland County Neighboring county to the Bath County Pumped Storage Station Educational grant to Highland County H.S. in 2013 Pipeline within county 26.3 miles 78 tracts 54 percent ok to survey