This article discusses how Dominion Energy is facing challenges to its reign in Virginia.
This is the third of a five-part series exploring oversupply in the power sector and the factors driving a glut of natural gas-fired power plants.
When Dominion Energy Virginia decided in 2012 to convert two units of its coal-fired Bremo Bluff power station to burn natural gas, it pledged that the conversion at the Fluvanna County plant would save customers $32 million compared to the cost of building new gas-fired generation and $155 million compared to continued operation on coal.
Those benefits never materialized. Instead, in December 2018, four years after the conversion was completed, the company (known legally as Virginia Electric and Power Co.) placed the Bremo units in “cold reserve” along with several other generating units, idling more than 1,200 MW in total, nearly three-quarters the size of Virginia’s largest power plant, the North Anna Nuclear Generating Station. And earlier this year, Dominion Energy Inc. executives announced they would permanently shut down the idled Bremo Bluff units.