In Virginia, economic growth is good news, but it presents special challenges for Dominion as the largest energy provider in the state. Dominion Virginia Power is projected to experience an increase in customer demand for electricity of nearly 4,000 megawatts by 2022. Regional demand has grown 40 percent in the last 10 years.
A strong economy requires more energy to support its continued growth. And growth means more jobs, more tax revenues and more financial resources with which to address community needs. The key issue confronting the Commonwealth is where the additional power will come from to sustain this growth.
Virginia already imports more power from outside its borders than any state except California. We can begin to rectify that imbalance with a comprehensive approach that combines conservation and efficiency programs with renewable energy sources and new, economic and environmentally sound base-load generation, such as our Bear Garden Power Station, our Virginia City Hybrid Energy Center, and our Warren County Power Station.
This strategy will give Virginia more control over its own destiny by relying less on volatile energy supply markets. It also supports the state's 10-year Energy Plan.