January 26, 2009
RICHMOND, Va. - Dominion Virginia Power, a subsidiary of Dominion (NYSE: D), has begun offering two convenient ways for residential and business customers to purchase Dominion Green Power through their monthly bills. Customers can enroll online at www.dom.com or by calling the Dominion Customer Service Center toll-free at 1-888-667-3000.
"We are very pleased to provide our customers with a convenient, low-cost way to voluntarily support renewable energy," said David A. Heacock, president of Dominion Virginia Power. "The renewable energy supported through this program will be above and beyond the electricity currently produced by Dominion, so this will encourage the development of additional renewable power sources."
Under both options, Dominion will purchase renewable energy certificates from producers in an amount equivalent to the customer participation level. This will provide customers a voluntary means of directly supporting the production and development of renewable energy.
The first option enables customers to specify that renewable energy certificates will be purchased in an amount equal to 100 percent of the electricity they use. Payment is calculated based on the customer’s monthly electrical usage and a price of an additional 1.5 cents per kilowatt-hour (kWh).
The additional charge is included on the customer’s monthly bill as a separate line item. For a residential customer using 1,000 kilowatt-hours of electricity a month, the additional cost to purchase renewable energy equivalent to his/her monthly usage would be $15 per month.
With the second option, customers can specify that a certain amount of renewable energy certificates - in $2 increments - will be purchased, with the cost added to their monthly bills. The amount of renewable energy actually purchased depends on the dollar amount specified by the customer. Each $2 will purchase the equivalent of 133 kWh in the form of renewable energy certificates.
Dominion will make periodic reports to customers on the type and total amount of renewable energy supported through the program, which will be sourced from producers of renewable electricity generated in Midwestern and Southeastern states.
The renewable energy certificates purchased through this program will be verified and tracked by independent organizations to ensure that they meet rigorous environmental and consumer protection standards. Customers may enroll in the program using secure online means through the company’s web site www.dom.com or by calling the Dominion Customer Service Center.
In addition to this new renewable energy offer, Dominion is committed to achieving Virginia’s voluntary goal of 12 percent of base year electricity energy sales coming from renewable energy sources by 2022. The company has a growing portfolio of renewable energy generation, which now totals nearly 1,300 megawatts in operation, construction or under development in the Mid-Atlantic, Midwest and Southeast regions.
Renewable resources are an important part of an integrated strategy that Dominion is employing to meet the growing energy needs of its customers. The strategy, dubbed “Powering Virginia,” is based on energy conservation, renewable generation, other new generation based on clean coal, emissions-free nuclear and natural gas, and improvements in transmission and distribution infrastructure. Information is available at www.poweringvirginia.com.
Dominion is one of the nation's largest producers of energy, with a portfolio of approximately 27,000 megawatts of generation. Dominion serves retail energy customers in 12 states. For more information about Dominion, visit http://www.dom.com the company's Web site at http://www.dom.com.
Editor's: For more information on Renewable Energy Certificates, see the U.S. Department of Energy’s Energy Efficiency and Renewable Energy Web site at: