Dominion Logo Have You Seen D Today
Customer Service Products News Investors About Us Contact Us
» Search
GO
News Home Page
All Dominion News
Corporate/Financial News
Electric News
Gas News
News Archive
Storm Center
Media Relations
Advertising and PR
Media Resources
Powering Virginia

Gas News Release

October 2, 2000

Dominion Plans $400 Million Natural Gas Pipeline

Company Cites Growing Regional Demand as it Announces Open Season to Identify Customers for 200-Mile Greenbrier Pipeline

RICHMOND, Va. – Dominion (NYSE: D) Monday announced that it has scheduled a 60-day open season to seek customers for its proposed Greenbrier Pipeline. The pipeline will begin near Dominion’s Cornwell Station near Charleston, W.Va., and end in Rockingham County, N.C. near the Transcontinental Gas Pipeline. The pipeline will be sited along a corridor with growing demand in the Appalachian and Piedmont regions. An exact route will be determined by market interest and customer location.

The Open Season begins at 8 a.m. Thursday, Oct. 5, and ends at 5 p.m. on Tuesday, Dec. 5.

The proposed line will have a capacity to transport up to 600,000 dekatherms, or 600 billion BTUs, of natural gas per day. The pipeline will access natural gas supplies from Canada, Appalachia, the Gulf coast and Mid-Continent regions.

The Greenbrier Pipeline has an anticipated in-service date of June 2005, when the company projections show demand will exceed existing supplies, including regional LNG facilities expected on-line in the interim.

Thos. E. Capps, chairman, president and chief executive officer, said:

“This fast-growing Mid-Atlantic region continues to enjoy significant economic expansion. All of the regional demand projections point to a need for substantial improvements in our energy delivery infrastructure. This project will help meet this need economically.

“Moreover, as a local company with significant operations and employees already working in the region, we will be able to site, permit and construct a project that meets local energy needs in a timely, safe and environmentally sound manner. This project also conforms to our business plans to achieve long-term shareholder value while promoting increased competition and consumer benefit.

“From Dominion’s perspective, Greenbrier will give our growing natural gas and exploration businesses in West Virginia access to compete for sales in strong new markets. It will be operating in our geographic region of focus -- the Mid-Atlantic, Midwest and Northeast regions of the United States, home to 40 percent of the nation’s demand for energy.

“In short, the Greenbrier Pipeline will advance the interests of our customers, our communities, and our shareholders.”

Dominion, headquartered in Richmond, Va., is the nation’s largest fully integrated electric power and natural gas company. Dominion has a power generation portfolio of more than 19,000 megawatts, which is expected to grow to more than 28,000 megawatts by 2005. Dominion is also one of the largest independent oil and natural gas exploration and production companies in North America, with 2.8 trillion cubic feet of equivalent reserves. The company has 7,600 miles of inter-state natural gas pipeline with more than 650 billion cubic feet of annual natural gas throughput. Dominion also serves 3.8 million retail natural gas and electric customers. For more information about Dominion, visit the company's website at www.dom.com.

# # #

Attention Business Development: For additional information, contact Joe Kienle, Director-Business Development, at (804) 819-2114 or Cindy Currey, Manager-Business Development, at (304) 623-8231. Dominion’s electronic bulletin board and its website also will provide general information about this open season as it becomes available