Dominion to Purchase Mecklenburg County
Power Station
RICHMOND, Va. - Dominion (NYSE: D) will acquire a 138-megawatt
power station near Clarksville in Mecklenburg County.
Dominion will purchase the coal-fired power station from United
American Energy Holdings Corp. of New Jersey. The transaction is subject to
regulatory approval, including, but not limited to, the Virginia State Corporation
Commission and Federal Energy Regulatory Commission, as well as approval under
the Hart-Scott-Rodino Act.
All of the facility’s generation is currently sold to
Dominion Virginia Power, Dominion’s electric utility subsidiary, under
a 25-year power purchase contract. Under Dominion’s ownership, the facility
will continue to serve Dominion electric customers in Virginia and North Carolina.
Dominion is one of the nation's largest producers of energy
with an energy portfolio of more than 24,000 megawatts of generation. Dominion
also serves 5.3 million retail energy customers in nine states. For more information
about Dominion, visit the company's Web site at www.dom.com.
