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Warren County Dominion Power Warren County Power Station Project Douglas P. Stanley County Administrator October 16, 2013.

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Presentation on theme: "Warren County Dominion Power Warren County Power Station Project Douglas P. Stanley County Administrator October 16, 2013."— Presentation transcript:

1 Warren County Dominion Power Warren County Power Station Project Douglas P. Stanley County Administrator October 16, 2013

2 Warren County Location, Location, Location

3 Warren County History Project originated in 2000 with a power development company called Competitive Power Ventures (CPV) State going through Electric Industry Deregulation 520 MW project Backed by investment firm CPV was scouting sites in Maryland and Virginia for potential development

4 Warren County History The County has been working on this project since December The plant is located in an industrially zoned and developed area, compatible with adjoining and nearby uses. The site has been identified for industrial land use since the County’s first Comprehensive Plan was adopted in 1975.

5 Warren County History Dominion purchased the project in Increased the plant size from 520MW to 1,329MW or enough energy to power approximately 325,000 homes. The station will have three combustion turbines and a steam turbine. The station will be powered solely by natural gas and will be among the cleanest fossil-fuel fired facilities in the nation.

6 Warren County History Project is within the airshed of Shenandoah National Park

7 Warren County History Based on available air quality data, Warren County is designated as an attainment area which indicates the proposed project site must meet the federal and state standards for each criteria pollutant in the National Ambient Air Quality Standards. Worked with the National Park service to address the impacts on Shenandoah National Park. Project has required 115% of NO x offsets that directly benefit our airshed to mitigate that impact.

8 Warren County History Project has just passed the 50% completion milestone. Commercial operation is scheduled for late 2014 or early 2015.

9 Warren County Employment Impact Total employment on-site as of October 7, ,524 employees. Original estimate was Total Hires – 2,506 (100%) Broken down as follows: Local (50mi) – 492 (20%) Non-Local VA – 176 (7%) Out-of-State – 1,838 (73%)

10 Warren County Community Impact Impact on Housing: –Some construction workers camping in the County’s existing commercial campgrounds. –Project has helped to occupy vacant housing units and numerous hotels. –At one point 12 of the 14 smaller motels were at capacity with weekly rentals

11 Warren County Fiscal Impact Since the start of construction in March 2012, the County has seen an increase in tax collections in the following categories: BPOL License Fees Sales Tax Lodging Tax Meals Tax Significant portion can be attributed to the Dominion project and Regional Jail Project. Does not include revenue collected by the Town of Front Royal

12 Warren County Fiscal Impact

13 Warren County Fiscal Impacts

14 Warren County Fiscal Impacts

15 Warren County Fiscal Impact

16 Warren County Fiscal Impact “I truly feel that the Dominion Project has provided a significant boost to the local economy of Warren County. We have seen a significant and positive financial impact at the Holiday Inn & Suites and at Houlihan’s Restaurant + Bar. A number of sub- contractors and employees working on the site have chosen to make the Holiday Inn their home away from home while working on the site for the past year or so and our staff has forged a number of great friendships with them.” Brent C. Jackson, CHA General Manager - Holiday Inn & Suites Front Royal Blue Ridge Shadows Director of Operations - Blue Ridge Shadows Resort

17 Warren County Fiscal Impact Original 520 MW CPV project was estimated to generate $1.9 million in gross revenue. 1,329 MW project is now estimated to generate $5.8 million. County will lose approximately 20% in a shift in the composite index for school funding. Current estimate is a net of $4.5 million that will depreciate over the next 25 years based on SCC schedule.

18 Warren County Community Impact Dominion/Zachry picked 2 Community Projects to work on: Riverton boat landing Elementary School playground project

19 Warren County Community Impact

20 Warren County Community Impact

21 Warren County Community Impact

22 Warren County

23 END OF PRESENTATION


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