The Virginia State Corporation Commission (SCC) recently approved—subject to certain requirements—Phase II of Dominion Energy’s Grid Transformation Plan (GT Plan), the company’s ten-year plan to transform the electric distribution grid.
“This is another major step forward in building a clean energy economy in Virginia,” said Charlene Whitfield, senior-vice president of Power Delivery at Dominion Energy Virginia. “This includes the largest offshore wind project in the nation, re-licensure of our nuclear units, energy storage, and solar energy, all of which creates jobs and economic opportunity here in the Commonwealth. As we bring more renewable energy onto our grid to build a cleaner future, and focus on increasing resiliency, we must modernize the way the system works. Today’s decision by the SCC ensures that we can remain agile as a company to deliver the reliable, affordable, and increasingly clean energy that our customers want and expect.”
Phase II of the GT Plan focuses on investments needed to facilitate and optimize the integration of distributed energy resources, such as small-scale solar, energy storage facilities, and electric vehicles. To effectively integrate these energy resources distributed throughout the grid, Dominion Energy will continue to deploy smart metering infrastructure and intelligent grid devices that will provide visibility of grid conditions. The company will also invest in the infrastructure and systems to process, manage, and use that data to optimize grid operations and improve customer reliability.
The SCC ruling approved more than $650 million of investments in 2022 and 2023. Dominion Energy can seek recovery of those costs in a future proceeding.
Phase I of the GT Plan is already underway with activities to enhance the reliability and security of the distribution grid as well as the development of a new customer information platform (CIP). The CIP will provide beneficial information enabling customers to make better decisions about their usage and bills.
For more information on Dominion Energy Virginia’s Grid Transformation efforts, visit www.dominionenergy.com/gtplan.