Dominion Shuts Down Kewaunee Power Station Permanently

            Dominion Shuts Down Kewaunee Power Station Permanently

PR Newswire

CARLTON, Wis., May 7, 2013

CARLTON, Wis., May 7, 2013 /PRNewswire/ --Dominion (NYSE: D) today shut down
its 556-megawatt Kewaunee Power Station permanently, ending almost 40 years of
nuclear-generated electricity at the station located about 35 miles southeast
of Green Bay on Lake Michigan.

Dominion announced last fall that it would close the station and decommission
it because the company was unable to grow a Midwestern nuclear fleet to take
advantages of economies of scale and Kewaunee's power purchase agreements were
ending at a time of projected low wholesale electricity prices in the region.

"This decision was based purely on economics. The dedicated employees have
operated the station safely and well," said David Heacock, president of
Dominion Nuclear and chief nuclear officer of Dominion. "We will keep our
focus on safety as we transition the station toward decommissioning."

Kewaunee went into service on June 16, 1974. Operators began reducing power
output at the station at 8 a.m. CDT and opened the electrical output circuit
breakers shortly after 11 a.m. CDT, which removed the unit from the Midwest
ISO transmission system. Over its life, the power station generated about 148
million megawatt-hours of electricity.

"Kewaunee Power Station achieved nearly 40 years of clean, safe and reliable
operation, which is a testament to nuclear technology and the dedicated former
and current employees," Heacock said. "The company has taken steps to assist
Kewaunee employees during the transition process and in the coming months will
begin working to place the station's systems safely in storage for
decommissioning."

In the weeks ahead, station personnel will begin removing all 121 fuel
assemblies from the reactor and storing them in the used fuel pool before
commencing activities to place the unit in SAFSTOR, a U.S. Nuclear Regulatory
Commission-approved method for long-term monitoring and storage of a closed
nuclear unit. Under federal law, the company must decommission the unit and
return the site to a green field condition within 60 years.

"This closing does not herald the end of our company's commitment to nuclear
power," Heacock said. "It is a safe, reliable and carbon-free technology, but
as with all forms of generation, it must compete on economics, including the
necessity of being price competitive on a regional level."

Dominion is one of the nation's largest producers and transporters of energy,
with a portfolio of approximately 27,500 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 storage capacity
and serves retail energy customers in 15 states. For more information about
Dominion, visit the company's website at www.dom.com.

SOURCE Dominion

Website: http://www.dom.com
Contact: Media, Mark Kanz, (920) 304-1927, Mark.E.Kanz@dom.com; Richard
Zuercher, (804) 920-5231, Richard.Zuercher@dom.com; Analysts, Nathan Frost,
(804) 819-2187, Nathan.J.Frost@dom.com
 
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