Dominion Virginia Power, subsidiary of Dominion (NYSE:D), announced plans to convert Bremo Power station from using coal to natural gas, keeping in line with the nine recent conversions or closings of company-owner power stations in recent years, in an effort to reduce harmful emissions.
As quoted in the press release:
The conversion is projected to save customers about $32 million when compared with the cost of building new generation and will save them $155 million when compared to continued operation on coal. Bremo entered service in 1931, and the two units now in use were put into service in 1950 and 1958, respectively.
During construction, the conversion is expected to have a total economic benefit to the state of about $7 million and create up to 42 new jobs. The station will have a total annual economic impact of about $24 million once it is completed.