Renewable energy is an important part of Dominion's plan to meet the ever-growing need for electricity. Visit our section on renewable energy to learn more about our initiatives.
In Virginia, Dominion is committed to meeting a voluntary goal of 15 percent of base year electricity energy sales from renewable energy sources by 2025 and North Carolina’s mandatory goal of 12.5 percent from renewable energy sources by 2021. The company also provides voluntary Green Power programs in Virginia and North Carolina which ensure that its electric distribution customers have the option to support the production and development of renewable power if they wish to purchase it.
Dominion is increasing investments in renewable energy to: 1) meet renewable goals and requirements in Virginia and North Carolina, 2) bring greater diversity to our power supplies, and 3) reduce our carbon intensity. Dominion supports and will pursue renewable energy options that are feasible and prudent investments for our customers and shareholders.
EI Global Ranking
In Sept. 2013, Dominion was ranked #38 internationally on the list of EI New Energy Top 100 Green Utilities published by the Energy Intelligence Group. The rankings are based on carbon emissions and renewable energy, and the 100 companies represent just over half of the world’s power generating capacity.
Dominion’s renewable portfolio includes nearly 1,500 MW under development, in construction or in operation. Of this total, approximately 1,000 MW is wind generation. Major facilities include the following:
In addition to these owned resources, Dominion has long-term contracts to purchase renewable energy for resale from various renewable generators throughout Virginia, including generators who make hydroelectric energy and energy from the combustion of wood and wood waste (i.e., biomass), combustion of landfill gas and combustion of municipal solid waste.
In addition, Dominion Virginia Power announced (in April 2011) plans to convert three Virginia power stations from using coal to biomass, a renewable energy source. The conversions would provide environmental and customer benefits and generate up to $350 million for their local economies over the next 30 years.
Alternative Energy Solutions
In 2009, Dominion also announced the formation of the Alternative Energy Solutions unit. The unit will provide technology research to support Dominion business units, identify business opportunities, participate in the nation's energy policy development process, and provide an information- and idea-sharing forum within the company on conservation and load management and renewables. The Alternative Energy Solutions unit will research new technologies including, but not limited to, "smart grid" technologies, distributed generation, hybrid vehicles, and electric storage technology. The unit will also study new technologies related to renewable energy sources such as solar, wind, tidal, biomass and geothermal.
Green Power Options
In addition to incorporating environmentally friendly generation projects into our mix of power supply, Dominion offers our customers in Virginia and North Carolina the opportunity to preferentially support green power options. Since October 2003, Dominion North Carolina Power customers have been able to participate in the NC GreenPower program, contributing to the development and promotion of cleaner power from renewable sources, such as solar, wind, small hydroelectric and biomass, by paying a premium on their bill.
In Virginia, the Dominion Green Power program, launched on January 1, 2009, allows customers to voluntarily support the production and development of electricity generated from renewable sources. This program offers a convenient and cost effective option for customers to match all or part of their electrical usage with renewable energy.
Renewable Portfolio Standard
Dominion supported the Virginia General Assembly's passage of legislation to re-regulate the state's electricity industry. As part of that legislation, Virginia passed a voluntary Renewable Portfolio Standard (RPS) to encourage the development of renewable energy in the Commonwealth. In support of this standard, Dominion Virginia Power is developing plans to increase the amount of renewable energy provided to customers based on the following schedule that Dominion will be striving to achieve.
|Goal (% of 2007 sales)||4%||7%||12%||15%|
In Virginia, renewable energy is defined as energy derived from sunlight, wind, falling water, biomass, energy from waste, wave motion, tides and geothermal power and does not include energy derived from coal, oil, natural gas, pumped storage hydro, or nuclear.
Dominion also supported North Carolina's renewable energy and energy efficiency legislation which was passed in the summer of 2007. This requires that Dominion North Carolina Power sales in North Carolina in 2021 come from renewable energy sources according to the following schedule.
In North Carolina, eligible energy resources include solar, wind, small hydroelectric, wave energy, tidal energy, biomass, and landfill gas.
Dominion is also a retail electricity supplier in a number of states that have requirements that address renewable energy, and thus provides customers in those states with renewable energy.
Dominion's renewable energy initiatives also support Virginia's participation in the EPA's Clean Energy-Environment State Partnership.