Dominion and BP to Jointly Develop Wind Farms in Virginia

April 21, 2008 – Vol.13 No.5

Dominion and BP to Jointly Develop Wind Farms in Virginia.

Potential projects for development include sites that have excellent wind resources and would serve the electricity needs of Dominion's utility customers in Virginia and northeast North Carolina.

The companies will jointly develop, own and operate wind energy projects in the US state. Terms of the joint development agreement are not disclosed.

"Today's announcement is another important step in continuing to grow Dominion's portfolio of renewable energy projects -- which include more than 750 megawatts of wind in operation or under development -- to help provide for our customers' growing electricity needs” said Thomas F. Farrell II, Dominion's chairman, president and chief executive officer.“We are committed to meeting Virginia's goal of 12 percent of base-year electricity sales from renewable energy sources by 2022. We also plan to achieve North Carolina's goal of 12.5 percent from renewable energy sources and energy efficiency by 2021.”

In January, Dominion announced that it joined BP as a 50 percent partner in the Fowler Ridge Wind Farm in Benton County, Ind. The Fowler Ridge facility is expected to be built in two phases and generate a total of 750 megawatts. Dominion and BP are partners for 650 megawatts, with BP retaining sole ownership of 100 megawatts. The first phase of the project is currently under construction and is expected to be operational by the end of 2008.

Dominion is one of the nation's largest producers and transporters of energy.

BP Alternative Energy, launched in November 2005, combines all of BP's interests in low and zero-carbon energy including wind, solar, hydrogen power with carbon capture and storage, natural gas-fired power generation, biofuels for low carbon transport and distributed energy for emerging markets. BP Alternative Energy currently has a total of five wind projects under construction in California, Indiana, Kansas and Texas. By the end of 2008, it's expected that over 1,000 megawatts of wind projects developed by BP Alternative Energy North America will be in operation. (4/21/08)

Links:

Dominion
http://www.dom.com

BP Alternative Energy
http://www.bpalternativenergy.com

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Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No