Authorization

Dominion Energy Receives Approval from Virginia State Corporation Commission for Coastal Virginia Offshore Wind Project

Up to $6 billion in fuel savings possible for customers during project's first decade of operation, if ongoing commodity pressures continue



Project will generate enough clean, renewable energy to power up to 660,000 homes



Company evaluating performance requirement

RICHMOND, Va., Aug. 5, 2022 /PRNewswire/ -- Dominion Energy reached a major milestone in the development of the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) project by receiving approval from the Virginia State Corporation Commission for the project to be constructed 27 miles off the coast of Virginia Beach.
Dominion Energy Receives Approval from Virginia State Corporation Commission for Coastal Virginia Offshore Wind Project
CVOW's schedule calls for construction to be complete in 2026, when it can generate enough clean energy to power up to 660,000 homes. The final order from the SCC affirms that CVOW meets all Virginia statutory requirements for rider cost recovery and the issuance of a Certificate of Public Convenience and Necessity for the onshore infrastructure. The order also includes a performance requirement, but does not outline the details surrounding that requirement."Our customers expect reliable, affordable energy, and offshore wind is key for delivering on that mission. We are very pleased that the commission has approved this important project that will benefit our customers. We are reviewing the specifics of the order, particularly the performance requirement," said Robert M. Blue, Dominion Energy Chair, President and CEO.CVOW represents a clean-energy investment of approximately $9.8 billion, and as the largest project of its kind in the United States, CVOW is good for energy diversity, the environment and Virginia's economy.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Сентябрь 2022    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
2627282930