RICHMOND, Va., Dec. 3 /PRNewswire-FirstCall/ -- Dominion (NYSE: D) has
received Federal Energy Regulatory Commission (FERC) approval for two new
natural gas transmission projects that will provide additional supplies to the
Mid-Atlantic region - the Mid-Atlantic Expansion Project and the Cove Point
East Project.
Gary Sypolt, president, Dominion Transmission, said:
"We applaud FERC's swift action on both proposals. Demand for incremental
transmission and supply in the Mid-Atlantic is significant and growing, but
its scope and nature continue to evolve. This requires financial and
strategic flexibility on the part of private-sector developers, as well as a
reasonable degree of speed. We appreciate FERC's demonstrated ability to
recognize innovative, efficient ways to meet new demand and its willingness to
make swift, sound decisions. In these instances, the Mid-Atlantic and Cove
Point East projects are the first expansions that will include liquefied
natural gas (LNG) as a supply source."
The Mid-Atlantic Expansion Project will serve markets in the Virginia and
the Washington, D.C. area with 223,000 dekatherms per day of incremental
pipeline capacity and 5.6 billion cubic feet of additional storage service
capacity. Facilities will include 5,000 horsepower of new compression in
Wetzel County, W.Va.; an upgrade to the existing turbines at Dominion's Crayne
Station in Waynesburg, Pa.; expansion and upgrades at Chambersburg Station in
Chambersburg, Pa.; a 7,800 horsepower addition at Leesburg Station in
Leesburg, Va., and 6,000 horsepower of new compression in Fauquier County, Va.
The estimated cost for the Mid-Atlantic Expansion Project is $78 million with
a projected in-service date of November 2004.
In addition, the Mid-Atlantic Expansion Project includes leasing capacity
on Texas Eastern Transmission, LP pipeline in southern Pennsylvania. Texas
Eastern has been granted FERC approval to install 35 miles of new pipe and
upgrades to its compressor station in Fayette County, Pa.
Cove Point East is an 445,000 dekatherms per day expansion of the 87-mile
Dominion Cove Point pipeline in Virginia and Maryland. Two new compressor
stations with a total of 19,340 horsepower will be added in Loudoun and
Fairfax counties at an estimated cost of $43.5 million. The expansion will
allow Dominion to send natural gas both east and west on the pipeline, thus
making it a key component in bringing needed supplies to the Mid-Atlantic
region, both through its LNG facility at Cove Point and other pipelines that
converge in the suburban Virginia area. The facilities are projected to be in-
service in 2005.
All the new capacity on both the Mid-Atlantic Expansion and Cove Point
East projects is fully subscribed.
Dominion is one of the nation's largest producers of energy, with a
diversified and integrated energy portfolio that includes 24,000 megawatts of
generation and 6.2 trillion cubic feet equivalent of proved natural gas
reserves. Dominion also serves 5 million retail energy customers in nine
states. For more information about Dominion, visit the company's web site
at http://www.dom.com .
SOURCE Dominion
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Related links:
http://www.dom.com
CONTACT:
Bob Fulton of Dominion Transmission,
+1-304-627-3200, or Robert_E_Fulton@dom.com
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