Tuesday, December 19, 2006

Dominion Acquires Interest In Wind-Power Project

Dominion, one of the nation’s largest energy producers, announced it will acquire a 50 percent interest in a wind-turbine facility being developed by a subsidiary of Royal Dutch Shell plc in Grant County, West Virginia. Under terms of the agreement, Dominion will enter a joint venture agreement with Shell WindEnergy Inc. to develop the first phase of a wind facility near Dominion’s Mt. Storm Power Station that will produce 164 megawatts of electricity.

The project will consist of 82 wind turbines producing 2 megawatts each. The turbines will be constructed on the Allegheny Front, which has an average elevation of 3,100 feet at the project site. The region around Dominion’s Mt. Storm Power Station has been identified as one of the best wind turbine locations on the East Coast.