Dominion Celebrates Renewed Licenses For Millstone Power Station

Nov 28, 2005
7:00am

November 28, 2005

WATERFORD, Conn. – Thomas F. Farrell II, president and chief operating officer of Dominion (NYSE: D), welcomed Monday’s decision by the U.S. Nuclear Regulatory Commission to renew the operating licenses for the two nuclear units at the company’s Millstone Power Station in Connecticut.

With the NRC’s decision, the operating licenses of Millstone Units 2 and 3 are renewed for an additional 20 years of operation, until 2035 and 2045, respectively.

"This good news means that safe and reliable nuclear energy will remain an important source of affordable electricity for Connecticut and New England residents for many years to come. The renewed licenses also are important in maintaining a diverse energy supply for the nation," said Farrell.

Millstone’s two units generate a combined 2,020 megawatts, or 48 percent of Connecticut’s electricity needs.

Dominion is one of the nation's largest producers of energy, with a portfolio of about 28,100 megawatts of generation, about 6 trillion cubic feet equivalent of proved natural gas reserves and 7,900 miles of natural gas transmission pipeline. Dominion also operates the nation's largest underground natural gas storage system with more than 965 billion cubic feet of storage capacity and serves retail energy customers in nine states. For more information about Dominion, visit the company's Web site at www.dom.com.

For the NRC news release, go to: www.nrc.gov/reading-rm/doc-collections/news/2005/05-161.html

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