Dominion offshore wind bid raises no anti-trust flags

The Dominion (NYSE:D) purchase of offshore wind energy rights off the coast of Virginia has evidently raised no anti-trust concerns from federal authorities.

A Dominion spokesperson said Oct. 7 that the deadline has passed for the Justice Department to raise any anti-trust concerns over a Dominion bid of roughly $1.6m for the lease.

The Bureau of Ocean Energy Management (BOEM) was authorized to issue Dominion the lease, “which it did,” the company spokesperson told GenerationHub in an email.

The Interior Department announced in September that Dominion’s Virginia Electric Power utility had outbid Apex Virginia Offshore Wind, LLC in an auction for the rights to the Wind Energy Area that consists of 112,799 acres on the Outer Continental Shelf.

The federal government had 30 days to review anti-trust implications of the Dominion bid.

The Interior Department believes the wind area has the potential for 2,000 MW of wind generation. Dominion, which is already working on an offshore wind demonstration project, has stressed that any large-scale commercial offshore development will need approval of the Virginia State Corporation Commission (SCC).

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.