Dominion Energy, Phillips 66: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

POWER
Ten West Link Transmission Line Receives Approval from California Public Utilities Commission - The California Public Utilities Commission unanimously approved the issuance of a Certificate of Public Convenience and Necessity for the construction and operation of the Ten West Link high-voltage transmission project. When completed, this new transmission line will have the capacity to transmit 3,200 megawatts between Central Arizona and Southern California, improving the reliability of the bulk power system serving the two regions. The project is expected to be operational in 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the related project reports. (PR Newswire)

Dominion Energy Submits Application for Offshore Windfarm with Virginia State Corporation Commission - Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) continues to advance the largest offshore wind project in the U.S. by filing plans with the Virginia State Corporation Commission for approval to construct the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) project. The filing keeps the project on schedule. Subscribers can click here for the project report.

TERMINALS
Phillips 66 to Convert Louisiana Refinery to Terminal - Phillips 66 (NYSE:PSX) (Houston, Texas) announced plans to convert its Alliance Refinery in Belle Chasse, Louisiana, to a terminal facility. The conversion is expected to take place in 2022. "We made this decision after exploring several options and considering the investment needed to repair the refinery following Hurricane Ida," said Phillips 66 Chief Executive Officer Greg Garland. Subscribers to Industrial Info's Refining Plant Database can click here for the plant profile.

CRUDE OIL
Saudi Arabia Raises Oil Price to Asia - Saudi Arabia has raised the price differential of its flagship crude oil to Asia by more than double in December versus November, exceeding market expectations and sending a bullish signal to the global oil market, traders said. On Saturday, state oil giant Saudi Aramco hiked the official selling price for Arab Light crude by $1.40 to $2.70 a barrel above the average of Platts Dubai and DME Oman prices in December, its highest level since September.

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.