Dominion Virginia to invest $9.5B in power infrastructure
USA, Virginia: Dominion Virginia Power, a Virginia-based power company, has announced its plan to invest nearly $9.5 billion to 2020 in order to increase solar and other new generation capacity and to upgrade infrastructure.
As part of the investment, $2.4 billion will be spent on improvements of its distribution system, $3.6 billion on transmission lines and substations with power transformers and associated electrical equipment, and $3.5 billion for new generation and environmental improvements, reports EBR.
The company also announced plans to upgrade the electric grid in Virginia and north-eastern North Carolina.
Source: Energy Business Review