SOURCE: Industrial Info Resources

Industrial Info Resources

February 24, 2016 07:30 ET

Virginia Electric Utility Sets Five-Year, $9.5 Billion Capital Budget, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 24, 2016) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Dominion Virginia Power Company (Richmond, Virginia), a subsidiary of Dominion Resources Incorporated (NYSE:D) (Richmond, Virginia), last month announced plans to invest $9.5 billion in its electric generation, transmission and distribution system over the next five years. As large as that capital program is, it represents a floor, not a ceiling, for capital spending by Dominion Resources, which is also developing a multi-billion-dollar pipeline to bring natural gas to Virginia and North Carolina and, several years into the future, possible new nuclear generation.

Within this article: Lists some of the utility's largest planned capital outlays over the next five years.

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