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4-Traders Homepage  >  Shares  >  Nyse  >  Dominion Resources, Inc.    D   US25746U1097

Delayed Quote. Delayed Nyse - 06/29 04:00:39 pm
67.29 USD   +0.03%
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Dominion Resources : BRIEF: Supreme Court questions EPA rule but Dominion sticking to plans to close Yorktown, build Skiffes Creek line

06/29/2015 | 04:07pm US/Eastern

June 29--Dominion Virginia Power isn't changing plans to close coal units at its Yorktown power plant or its push to build a new high voltage line across the James River now that the U.S. Supreme Court has ordered a lower court to take another look at the new regulation forcing the Yorktown shutdown.

Dominion has said it needs a 500,000 volt overhead line between Surry and James City County to avoid rolling blackouts on the Peninsula when the Yorktown plant closes.

The longest the EPA regulation that the Supreme Court just sent back for further view would allow the Yorktown coal units to operate is April, 2017, Dominion says.

Critics of the power line plan say it would ruin an historically significant site, the stretch of river along which Captain John Smith brought the Jamestown settlers. They argue that Dominion has overstated the Peninsula's need for power and has ignored other, less disruptive alternatives.

The Corps of Engineers must still decide whether to approve the project. The State Corporation Commission has ruled that it is needed

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(c)2015 the Daily Press (Newport News, Va.)

Visit the Daily Press (Newport News, Va.) at www.dailypress.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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