first published week of: 01/18/2016
Investments by Dominion over the next six years for projects to strengthen Virginia's energy infrastructure and meet environmental goals will create thousands of jobs and inject $10.1 billion into the state's economy, according to a new study by Chmura Economic & Analytics available here: https://www.dom.com/library/domcom/pdfs/dom-cap-ex.pdf
"Our growing commonwealth requires an expanding and reliable energy infrastructure," said Paul Koonce, CEO of Dominion's Energy Infrastructure Group and President of Dominion Virginia Power "Our capital investment program over the next six years is designed to meet that need and achieve environmental goals related to the federal Clean Power Plan. We are very pleased that in doing so it will create a huge economic and jobs impact in Virginia."
Gov. Terry McAuliffe, commenting on the study's findings, said: "In order to build the new Virginia economy, we must have low-cost, diverse and reliable energy resources. These investments not only build upon an already solid foundation for future economic growth in Virginia, they also create tens of thousands of jobs and produce billions of dollars in capital that benefit the Commonwealth today."
David A. Christian, CEO of the Dominion Generation Group, said: "Strong, reliable and efficient electric generation projects are good for our customers as we bring these new facilities on-line. They are also creating well-paying construction jobs and giving a much-needed boost to local jurisdictions with increased tax revenue."
Added Barry DuVal, President and CEO of the Virginia Chamber of Commerce: "Clean, affordable, reliable energy is key to supporting Virginia's economic development needs while also meeting the growing needs of our population. continued…