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Brief of diving:
- The Virginia Virginia of the Virginia of Dominion Energy of 2.6 GW is still planned for completion by the end of 2026, And it should be described in the tax credits of the Inflation Reduction Act in the new Safe Harbour deadlines, he said the leadership of the utility in a Friday earnings call.
- However, the company provides for a slightly higher price than the new President Trump’s new fare policies. Dominion estimates that new rates will make the project more expensive by $ 506 million, increasing the total cost of the project to $ 10.9 billion. Added expenses will increase customer invoices by an average of three cents a month throughout the project, said Bob Blue, president, CEO and President of Dominion.
- The utility has slightly reduced its expectations for rates related prices since last quarter “despite the dubbing of the steel rate,” said Blue, “because of working with sellers to identify cost mitigation strategies, as well as completing our analysis of commercial regulations and final appendages.”
Divide vision:
Blue said the proposed The rates increase for Mexico and the European Union would add additional $ 134 million to the costs of the project.
“The manufacture and installation of the project is very good and CVow is still one of the most affordable sources of energy for our customers,” he said. “We will install our first turbine in September, which fits our original program … In fact, we are far ahead of the plan, installing monopiles at a rate that has so far surpassed any other wind project out of the sea.”
Blue said that the project has installed 134 of its 176 monopiles, 76%, and all its PIN batteries.
Charybdis of the utility, the first wind turbine installation vessel on the high sea of Jones in the United States, was delayed with the technology of internal communication of the ship.
“We had expected the boat to complete the sea rehearsals last month, which would have allowed us to start the installation of turbines before the calendar,” Blue said. Charybdis “eliminates the need for barges, which will be essential to help us with the installation of turbines,” and will cost $ 715 million as initially estimated.
Blue also said that the utility is “quite satisfied” with the definitive form of Beautiful Bill’s great law, which significantly reduced and reduced many of IRA renewable renewable energy tax credits.
“We are sure that we can preserve all the credits that we have provided to our forecast for investors, either through a safe stop or under long rules,” he said. Dominion does not expect CVow or many of the other projects to have an impact.
Only 20% to 25% of the clean energy projects of the utility “will require some active mitigation,” said Blue. “And as I mentioned, we look forward to being able to do it and plan to do it.”
