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$D, Dominion Virginia Power is seeking bids for up to 20 megawatts of new solar capacity. The company's request for proposals seeks third party bids for solar facilities between 1 and 20 megawatts of capacity that would be on line in 2016 or 2017. The projects must be in the portion of the PJM Dominion Zone located in the Commonwealth of Virginia
Energy utility firm $D has entered into an agreement with $SCG, under which the companies will merge in a stock-for-stock transaction. SCANA shareholders will receive 0.6690 share of Dominion for each SCANA share. The transaction is expected to be accretive to Dominion’s earnings. SCANA will operate as a wholly owned subsidiary of Dominion.
Atlantic Coast Pipeline signed Project Labor Agreements with four building and construction trade unions. The agreements reaffirm the Atlantic Coast Pipeline project's commitment to hiring skilled union workers for the pipeline's construction. Atlantic Coast Pipeline is comprised of 4 major U.S. energy companies, $D, $DUK, $PNY and $SO.
$D reported a decrease of $25MM in 3Q17 GAAP earnings. Net income was $665MM or $1.03 per share compared with $690MM or $1.10 per share for 3Q16. Operating earnings decreased $44MM to $672MM or $1.04 per share in 3Q17. Operating revenues grew to $3.17Bil from $3.13Bil last year.
$D has acquired two 5-megawatt solar generating facilities and plans to purchase two other solar farms totaling about 10 megawatts later in 3Q17 from subsidiaries of Strata Solar. $D has closed on the two 5MW facilities in North Carolina and expects to purchase the Clipperton and Pikeville projects in Sampson County and Wayne County later in 3Q17.
Energy firm $D has entered into an agreement with wind power company Dong Energy to build two 6-MW turbines off Virginia Beach. The agreement includes engineering, procurement and construction of the project. Dominion remains the sole owner of the project, which is expected to commence immediately.
$D acquired Clarke County Solar, a 10-megawatt solar power facility in Clarke County, Virginia from the project's developer, an affiliate of Chicago-based Hecate Energy, LLC. The company also announced plans to purchase a 20-megawatt solar farm under construction in Northampton County, Virginia from the same developer in 3Q17.
$D completed decommissioning milestone at Kewaunee Power Station. The station achieved a significant milestone on June 15, 2017, when employees working to permanently decommission the facility safely transported the last of the used nuclear fuel to a dry fuel storage facility located on site.
Dominion Resources Inc., has become $D, after a vote by shareholders on May 10, 2017 to change the company's name. The company's local electric and natural gas utilities and many other businesses will unify under the Dominion Energy name in the coming days.
$D said that on Questar, all the businesses are performing well and are in line with expectations. On the distribution side, the company is on track to be investing $65MM in pipeline replacements in 2017, as part of the infrastructure replacement program.
$D said that on capital opportunity and additional pipeline spending through the remaining of the decade, it is in negotiations and discussions with local distribution companies, with large scale industrials and power producers. $D is also in later stages of negotiation in some smaller projects and expects it to rise towards the end of the decade.