A hearing examiner at the Virginia State Corporation Commission on Nov. 14 recommended approval of a May 4 application from Virginia Electric and Power d/b/a Dominion Virginia Power for a certificate of public convenience and necessity to construct and operate a 20-MW (nominal ac) utility-scale solar facility near the town of Remington in Fauquier County, Virginia.
The company estimated the cost of the Remington project to be approximately $46 million, excluding financing costs, or approximately $2,300/kilowatt at the approximately 20 MW (nominal ac) rating.
The company presented the testimony of four witnesses, including Dianne O. Corsello, Director of Business Development. Corsello provided an overview of the Remington Solar Facility; the key aspects of the public-private partnership between the company, the Commonwealth of Virginia, and Microsoft that enables the development of the project; and the benefits of the project in promoting the growth of renewable energy and solar development in Virginia.
The hearing examiner’s report noted: “The Company’s Application presents for the Commission’s consideration a novel public/private partnership for the development and operation of the Remington Solar Facility. The Company would internally finance the construction, operation, and maintenance of the facility. The electrical output from the facility would be sold at a negotiated price to the Commonwealth for a period of 25 years. The RECs generated by the facility would be sold at a negotiated price to Microsoft for a period of 25 years and would offset the cost of electricity from the facility to the Commonwealth. Finally, all the costs associated with the Remington Solar Facility would be ‘ring-fenced’ to ensure that they would not be included in the Company’s jurisdictional cost of service. In sum, the Project meets the statutory requirements for the issuance of a CPCN.”
Any comments on this recommended approval must be filed within 21 business days from Nov. 14.
Virginia Electric and Power is a unit of Dominion Resources (NYSE: D).