Dominion Energy Clearinghouse Named Fuel Manager
For FPL Energy’s Doswell Electricity Generation Facilities
RICHMOND, Va. – Dominion Energy Clearinghouse, a business
unit of Dominion (NYSE: D), has been named the sole fuel manager and fuel supplier
for FPL Energy’s Doswell electricity generation facilities in Hanover County,
Virginia, the parties announced Tuesday.
Under a four-year contract that began Jan. 1, 2002, Dominion
is providing natural gas and fuel oil to the Doswell facilities, including management
of 9 billion cubic feet of natural gas storage, 11 million gallons of fuel oil
storage and 125,000 Dekatherms per day of firm natural gas transportation on
Dominion Transmission, Inc. and Virginia Natural Gas lines. FPL Energy’s Doswell
facilities include a 665-megawatt combined cycle unit and a recently completed
171-megawatt simple cycle peaking unit.
“The fuel supply and management agreement creates
economies of both scale and scope in optimizing assets,” said Ron Green, president
of FPL Energy. “These economies lead to value creation that is shared by the
parties.”
“The Dominion Energy Clearinghouse’s extensive portfolio
of natural gas storage, pipeline capacity and supply gives us the flexibility
to provide fuel both reliably and cost effectively to Doswell,” said Kevin T.
Howell, president of Dominion Energy Clearinghouse.
The Dominion Energy Clearinghouse, headquartered in Richmond,
buys and sells electricity, natural gas, fuel oil, coal and emission allowances,
and provides a full range of asset management services. It also provides customer
service support, transportation, capacity, storage and balancing service along
interstate pipelines.
Dominion is one of the nation’s largest producers of energy.
For more information about Dominion and the Dominion Energy Clearinghouse, visit
the company's Web site at www.dom.com.
FPL Energy is a leading independent producer of clean energy,
operating more than 6,420 megawatts and owning more than 5,060 megawatts of
natural gas, wind, solar, geothermal, and biomass generating facilities in 13
states. FPL Energy is a subsidiary of FPL Group, Inc. (NYSE: FPL), one of the
nation's largest providers of electricity-related services with annual revenues
of more than $8 billion. Information is available on the Internet at www.fplgroup.com,
www.fplenergy.com, and
www.fpl.com.
