Dominion finished $784 million in electric transmission projects in 2016
Large projects that were completed last year include the new 500-kV Loudoun to Goose Creek transmission line in the northern Virginia area
Dominion Resources Chairman, President and CEO Thomas Farrell II on Feb. 1 said that $784 million worth of electric transmission projects were completed last year, and that the company plans “to invest $800 million in our electric transmission business this year.”
The company has a number of electric transmission projects at various stages of regulatory approvals and construction, he added during the company’s 4Q16 and full-year 2016 earnings call.
A company spokesperson on Feb. 1 told TransmissionHub that in addition to the Systems Operation Center (SOC) project that Farrell mentioned during the call, other large projects that were completed last year are:
· Three “statcom” projects (high speed, high-voltage control devices) in the Virginia Beach, Va., area
· The new 500-kV Loudoun to Goose Creek transmission line in the northern Virginia area
· Burton substation, “ring bus” equipment and 115-kV underground transmission line in the Virginia Beach area
· A second 500-230-kV transformer installed at the Brambleton substation in the northern Virginia area
During the earnings call, Farrell said: “Our strategic undergrounding program continues at Dominion Virginia Power. In August of 2016, the [Virginia] State Corporation Commission approved Phase 1 in the recovery of [the] $139m capital investment to convert 412 miles of overhead tap lines to underground. We will invest $110m in capital in converting an additional 244 miles of overhead tap lines during Phase 2.”
Another company spokesperson on Feb. 1 told TransmissionHub that solar projects completed in 2016 include the 320-MW Four Brothers (which involves four projects); the 210-MW Three Cedars (which involves three projects); and the 80-MW Amazon Solar Farm U.S. East.
Farrell said during the call: “For the full year 2016, 727 MW were added to our solar portfolio. We have a number of solar projects under development in the state of Virginia and continue to see demand for renewables from our customers, including data centers, military installations, and the state government.”