FuelCell Energy estimates that the project will support 161 jobs over its 15-year life. The project is scheduled to be completed and placed into operation in late 2013. Dominion will sell the output of the fuel cell power station to Connecticut Light & Power under a 15-year fixed power purchase agreement.
Dominion owns several renewable energy facilities in the United States, including wind farms in West Virginia and Indiana, a biomass power station in Virginia with three more under construction and hydroelectric power stations in Virginia and North Carolina. The company recently received permission from its Virginia regulators to lease rooftops from commercial and industrial companies to build solar-powered generation as a pilot project. It also has said it would bid on federal lands off the coast of Virginia for a possible wind farm.
About FuelCell Energy Inc.
Direct FuelCell® power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With approximately 300 megawatts of power generation capacity installed or in backlog, FuelCell Energy (NASDAQ: FCEL) is a global leader in providing ultra-clean baseload distributed generation to utilities, industrial operations, universities, municipal water treatment facilities, government installations and other customers around the world.About Dominion 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 storage capacity and serves retail energy customers in 15 states. For more information about Dominion, visit the company's website at www.dom.com. Follow us on Twitter at: http://www.twitter.com/DomVAPower . 'Like' us on Facebook at www.facebook.com/dominionvirginiapower SOURCE Dominion
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