Dominion seeks $1.6B coal plant in Va. |
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Mon, 16 Jul 2007 21:20
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RICHMOND, Va. (AP) - Dominion Virginia Power has applied for permission to build a coal-fueled power plant in the southwestern part of the state at an estimated cost of $1.6 billion, parent Dominion Resources Inc. said Monday.The company asked Virginia's State Corporation Commission to approve the 585-megawatt power plant by April 2008 so it can be operational by 2012. Besides approving the project, the commission must set a rate of return for the company's investment, Dominion said.The plant, which would be located on a 1,700 acre site near St. Paul in Wise County, would provide enough power for 146,000 customers. It would include features to reduce emissions, Dominion said.Shares of Dominion fell 14 cents to $88.46.--------------------Questions or comments about this story should be directed to reporter Adam Schreck at 212-621-7190.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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