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Dominion Energy Announces Plans to Pursue New Pumped Storage Hydroelectric Facility Virginia

LCG, September 8, 2017--Dominion Energy Virginia announced yesterday that it will proceed with its plan to study the feasibility of a new pumped storage hydroelectric facility in the coalfield region of Southwest Virginia by conducting in-depth studies of two potential sites: a 4,100-acre site in Tazewell County and an abandoned mine in Wise County. The preliminary estimate for a single facility could be in the range of $2 billion.

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Georgia Power Files Recommendation to Complete Construction of Vogtle Nuclear Expansion Project

LCG, September 1, 2017--Southern Company subsidiary Georgia Power filed a recommendation yesterday with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion near Augusta, Georgia. The project's co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities, all support the recommendation, which is based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment.

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Industry News

Agriculture Group Backs PG&E Hydro Plan; Independent Power Producers Don’t Like It

LCG, Aug. 11, 2000--Lobbyists began choosing sides yesterday as the California Public Utilities Commission began studying a proposal by Pacific Gas & Electric Co. to transfer its hydroelectric facilities in the state to a newly created unit of its parent holding company PG&E Corp.

The proposal, reported here yesterday, had the backing of The Utility Reform Network (TURN), theCoalition of California Utility Employees (CUE), Agricultural Energy Consumers Association(AECA), California Retailers Association, Sonoma County Water Agency, and Tuolumne UtilityDistrict.

Director Michael Boccadoro of the AECA called the settlement agreement "an historic opportunity to guarantee that these resources are operated in a reliable, environmentally sound manner and toprovide electric customers with significant economic benefits."

But the owners of independent power plants are against the proposal. Jan Smutny-Jones, executive director of the Independent Energy Producers Association, said "The best way to protect the environment and ratepayers, and to foster a truly competitive electric market is through an open, conditioned auction of these generating assets."

When PG&E first proposed transferring ownership of the hydro facilities to an affiliate, the plan was dismissed as self-serving and concerns over market power were raise. So, the utility proposed that it auction its plants, just like it did with its fossil-fueled power plants. That raised concerns by environmentalists and others who wondered what would happen to Californias rivers when competing generation companies ran the hydro turbines full time.

This time around, PG&E says its proposal should satisfy both environmentalists and free-market competitors.

As the sainted Noah Webster said in his 1802 American Spelling Book, "It makes a difference whose ox is gored."

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