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Dominion Unveils Aggressive Capital Spending Program, an Industrial Info News Alert

SUGAR LAND, TX — (Marketwire) — 10/14/11 — Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — (NYSE:D) (Richmond, Virginia) is planning capital projects totaling at least $13.4 billion for its regulated electric and gas utility operations by 2016. The company also plans to retrofit and retire merchant generators it owns in Massachusetts and Illinois. Compliance with U.S. Environmental Protection Agency (EPA) (Washington, D.C.) air quality regulations is one of the drivers behind the company–s planned capital outlays for electric generation. But projected strong growth in customer demand over the next 15 years is another factor behind Dominion–s planned capital spending for electric generation, transmission and distribution, as well as its gas-distribution and liquefied natural gas (LNG) business.

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