Virginia Electric Utility Sets Five-Year, $9.5 Billion Capital Budget

SUGAR LAND--February 24, 2016--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Dominion Virginia Power Company (Richmond, Virginia), a subsidiary of Dominion Resources Incorporated (NYSE:D) (Richmond, Virginia), last month announced plans to invest $9.5 billion in its electric generation, transmission and distribution system over the next five years. As large as that capital program is, it represents a floor, not a ceiling, for capital spending by Dominion Resources, which is also developing a multi-billion-dollar pipeline to bring natural gas to Virginia and North Carolina and, several years into the future, possible new nuclear generation. Within this article: Lists some of the utility's largest planned capital outlays over the next five years. Additional companies: Fluor Incorporated (NYSE:FLR)