The VirginiaState Corporation Commission on March 29 approved Dominion Virginia Power's plansfor a 1,588-MW combined-cycle natural gas plant in Greensville County.
The SCCissued a certificate of public convenience and necessity for the 3-on-1 power stationin southeastern Virginia near the North Carolina border.
"Wefind that the project will provide economic benefits to Greensville County, theSouthside region, and the Commonwealth," the SCC said in a news release. "Inaddition to local benefits related to construction and operation, most importantlythe project will foster economic development in Virginia by providing reliable andcost-effective electricity supply to meet the growing demand for electric servicein the Commonwealth."
Constructionon the $1.33 billion project is expected to begin later this year with the plantto be online in 2019, Dominion Virginia Power said in a news release. The powerplant is being built on 55 acres just a few miles from the company's ,which is expected to be fully operational in April.
"GreensvillePower Station is part of Dominion's plan for meeting demanding new air quality andproposed carbon dioxide emissions standards while keeping up with growing customerdemand for energy," Dominion Virginia Power, known legally as , said inthe news release. "Whilethere are no immediate plans for a solar facility in Brunswick or Greensville counties,solar is already part of the conditional use permit for this property."
The SCC'sorder also approves the construction of new 500-kV transmission lines, a new switchingstation and associated facilities in Brunswick and Greensville counties to interconnectthe Greensville County Power Station. The commission also approved a rider witha total revenue requirement of approximately $40.4 million and a 9.6% return onequity that will be effective April 1 through March 31, 2017.
The utility mustfile an annual Rider GV application on or before July 1 of each year for cost recoverytied to the project.
In addition,the commission determined that Dominion "established a need for the additionalcapacity and energy that the project would provide" and "adequately consideredand weighed alternative options, including third-party alternatives and alternativeself-build options (including renewable resource options), in its selection process."(Case No. PUE-2015-00075)