Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 08/26 10:02:00 pm
74.74 USD   -1.97%
08/25 WYNN RESORTS : Appoints Jay L. Johnson to the Board of Directors
08/24 DOMINION : Awards $1 Million for Educational Programs Exploring Ener..
08/24 Dominion OK'd for 50 cent rate bump, line burials
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Dominion Resources : Seeks Approval For Two Projects To Move Additional Natural Gas To Market

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/03/2014 | 04:59pm CEST

RICHMOND, Va. , June 3, 2014 /PRNewswire/ -- Dominion (NYSE: D) yesterday asked the Federal Energy Regulatory Commission (FERC) to approve two projects that would provide additional natural gas supplies from the ever-growing production in the Appalachian Region.

The New Market project in upstate New York improves access for National Grid to meet its customers' growing demand for natural gas, while the Clarington project in West Virginia provides a secure and reliable route to transport growing gas supplies out of the Appalachian basin to market.

Dominion filed applications for Certificates of Public Convenience and Necessity with the FERC, the federal agency responsible for reviewing and authorizing interstate natural gas transmission projects. The approximate costs of these two projects are $235 million .

"We are pleased that we can support our customers' growing needs. Natural gas produced from the Marcellus and Utica shales in the Appalachian region of West Virginia and Ohio is expected to continue its strong and rapid growth," said Diane Leopold , president of Dominion Energy. "Our interstate pipeline system is uniquely positioned to transport Appalachian production as our pipelines traverse the area of significant supply growth. Additional firm transportation capacity for new natural gas supplies for both projects also will alleviate the possibility of shortages by providing more gas to market."

New Market Project

The New Market project would provide 112,000 dekatherms (Dth) per day of firm transportation service. Just more than 33,000 horsepower of compression would be added in upstate New York to Dominion Transmission's existing system. The project will improve access to natural gas to serve two National Grid subsidiaries, Niagara Mohawk and Brooklyn Union. If approved and the FERC issues the certificate in April 2015 , construction would begin in late summer 2015 and the project would be placed into service by November 2016 .

The project includes:

  • Two new compressor stations of approximately 11,000 horsepower each in Madison County, N.Y. , and Chemung County, N.Y.
  • Approximately 11,000 of additional horsepower of compression at Dominion's current Brookmans Corners Station in Montgomery County, N.Y.
  • Upgrades at the existing Borger, Utica and Brookmans Corners stations

Clarington Project

The Clarington project would provide 250,000 dekatherms (Dth) per day of firm transportation service. It would add approximately 16,000 horsepower of compression at existing stations in West Virginia and Ohio , and provide incremental firm transportation services and increased access for production in the Appalachian Region to market. If approved and the FERC issues the certificate in May 2015 , construction would begin in October 2015 and the project would be placed into service by November 2016 .

The project includes:

  • The addition of two compressors totaling 10,000 horsepower at the existing Mullett Compressor Station in Monroe County, Ohio .
  • Additional 6,000 horsepower of compression at existing Burch Ridge Compressor Station in Marshall County, W.Va.
  • A new interconnection with CNX Gas Company near Lightburn, W.Va., to receive Appalachian gas and deliver it to Texas Eastern Transmission and Rockies Express Pipeline in Monroe County, Ohio .

Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline and 6,400 miles of electric transmission lines.  Dominion operates one of the nation's largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves utility and retail energy customers in 10 states.www.dom.com.

SOURCE Dominion

For further information: Frank J. Mack, Media Relations, (804) 771-3141, frank.mack@dom.com; Nathan Frost, Investor Relations, (804) 819-2187, nathan.j.frost@dom.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DOMINION RESOURCES, INC.
08/25 WYNN RESORTS : Appoints Jay L. Johnson to the Board of Directors
08/24 DOMINION : Awards $1 Million for Educational Programs Exploring Energy and the E..
08/24 Dominion OK'd for 50 cent rate bump, line burials
08/23 DOMINION RESOURCES : Tyler hosting tennis jamboree
08/20 VIRGINIA STATE POLICE : Fake IRS phone call is a scam
08/18 DOMINION RESOURCES : Atlantic Coast Pipeline construction could begin as early a..
08/17 SHINGLES : McAuliffe shills for Dominion Resources
08/17 DOMINION RESOURCES : Business and industry counciltalks jobs, energy at meeting
08/15 DOMINION RESOURCES INC /VA/ : Other Events, Financial Statements and Exhibits (f..
08/15 DOMINION RESOURCES : News Dominion, Virginia officials differ on who pays for Ha..
More news
Sector news : Electric Utilities - NEC
08/26DJTXU Energy, Luminant Cleared to Exit Bankruptcy
08/25 Britain's Big Six energy suppliers stem customer exodus as prices rebound
08/24DJCustomers Pull Contracts for Spectra Pipeline Effort
08/24DJCustomers Pull Contracts for Spectra Pipeline Effort After Massachusetts Ruli..
08/24DJBig Customers Abandon Spectra Pipeline Project After Massachusetts Court Ruli..
More sector news : Electric Utilities - NEC
News from SeekingAlpha
08/26 Are We At The Point Of Maximum Financial Risk For Bonds?
08/25 AGILENT TECHNOLOGIES INC. : A Total Return Technology Company (Part 1 Single Let..
08/25 Rules To Survive A Flash Crash - Cramer's Mad Money (8/24/16)
08/21 MY PORTFOLIO UPDATE AND REVIEW OF 83 : Up 2 With Reynolds And Exelon, Down 1 Wit..
08/17 Dominion Midstream Partners Is Interesting As A Utility But Unattractive As A..
Advertisement
Financials ($)
Sales 2016 12 387 M
EBIT 2016 4 239 M
Net income 2016 2 334 M
Debt 2016 28 365 M
Yield 2016 3,74%
P/E ratio 2016 19,84
P/E ratio 2017 19,56
EV / Sales 2016 6,07x
EV / Sales 2017 5,84x
Capitalization 46 770 M
More Financials
Chart DOMINION RESOURCES, INC.
Duration : Period :
Dominion Resources, Inc. Technical Analysis Chart | D | US25746U1097 | 4-Traders
Full-screen chart
Technical analysis trends DOMINION RESOURCE...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 80,3 $
Spread / Average Target 7,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Thomas F. Farrell Chairman, President & Chief Executive Officer
Scot C. Hathaway Senior VP-Operations, Engineering & Construction
Mark F. McGettrick Chief Financial Officer & Executive Vice President
P. Rodney Blevins Chief Information Officer & Senior Vice President
David A. Wollard Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DOMINION RESOURCES, IN..10.50%46 770
DUKE ENERGY CORP11.95%55 060
SOUTHERN CO9.10%49 963
IBERDROLA SA-10.02%41 979
KOREA ELECTRIC POWER C..--.--%33 843
AMERICAN ELECTRIC POWE..11.02%31 809
More Results