Dominion Cove Point Moves Closer to Liquefaction Project After Court Decision on Sierra Club Claims

Dominion Cove Point Moves Closer to Liquefaction Project After Court Decision
                            on Sierra Club Claims

PR Newswire

RICHMOND, Va., Jan. 4, 2013

RICHMOND, Va., Jan. 4, 2013 /PRNewswire/ --Dominion (NYSE: D) will move
forward with engineering, marketing and regulatory review processes after a
declaratory judgment confirmed its right to build liquefaction facilities at
its Dominion Cove Point facility on the Chesapeake Bay in Lusby, Md.

Circuit Court Judge James P. Salmon of Maryland ruled today that Dominion Cove
Point's agreement with environmental agencies allows it to build liquefaction
facilities inside the plant's fenced area and export liquefied natural gas.
The Sierra Club had maintained Dominion needed its permission to build the

"Dominion has made considerable progress towards a project that will bring
jobs and revenues to the national and local economies," said Thomas F. Farrell
II, president, chief executive officer and chairman of Dominion. "We have
received support from business, labor, government, community and environmental
groups for a major construction project that would bring great benefits to
many people. We look forward to working with the Sierra Club and other
involved environmental groups to continue the outstanding record of
environmental cooperation at Dominion Cove Point."

The liquefaction project is expected to cost between $2.5 billion and $3.5

Dominion has received permission from the Department of Energy (DOE) to act as
an agent for liquefied natural gas exports to countries with free trade
agreements and is waiting for DOE action on its application for countries
without a free trade agreement. Dominion has entered the Federal Energy
Regulatory Commission's pre-filing process in anticipation of filing an
application in 2013. Engineering studies are continuing and are expected to be
completed soon. Terminal services agreements are under negotiation with
potential customers, including Sumitomo Corporation, a major Japanese trading

Dominion is one of the nation's largest producers and transporters of energy,
with a portfolio of approximately 27,400 megawatts of generation, 11,000 miles
of natural gas transmission, gathering and storage pipeline and 6,300 miles of
electric transmission lines. Dominion operates one of the nation's largest
natural gas storage systems with 947 billion cubic feet of capacity and serves
retail energy customers in 15 states. For more information about Dominion,
visit the company's website at

SOURCE Dominion

Contact: Media: Dan Donovan, +1-412-237-2900,;
Analysts: Nathan Frost, +1-804-819-2187,
Press spacebar to pause and continue. Press esc to stop.