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Transactions - JANUARY 10, 2022

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Phase II of electric distribution grid project announced in Virginia

by Released

The Virginia State Corporation Commission (SCC) has approved Phase II of the Grid Transformation Plan (GT Plan), the company's 10-year plan to transform the electric-distribution grid.

This approval aligns with the customer-focused, state-regulated utility framework in Virginia.  That framework has resulted in nationally leading decarbonization goals, customer rates lower than national and regional averages and high levels of reliability for customers, made possible by a state regulatory model that embraces long-term planning and resiliency safeguards.

“This is another major step forward in building a clean energy economy in Virginia,” said Charlene Whitfield, senior vice president of Power Delivery at Dominion Energy Virginia. “This includes the largest offshore wind project in the nation, re-licensure of our nuclear units, energy storage and solar energy, all of which creates jobs and economic opportunity here in the Commonwealth.  As we bring more renewable

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