Dominion Energy announced that the company is suspending its request for proposals (RFP) for up to 1,500 megawatts of new dispatchable peak capacity in its Virginia territory. The utility will continue to monitor market conditions to determine if an RFP for peaking generation will be reissued in the future. This comes just days after LS Power asked Virginia officials to intervene in the process citing that the process stifles competition.
Back in November, Dominion in a statement said it is committed to reducing carbon emissions 55 percent by 2030 compared to 2005 levels and bringing more renewable energy to the grid. And the utility says it will have enough solar and wind energy in operation or development in Virginia by 2022 to power 750,000 homes.
The utility's announcement to suspend its RFP for peaking generation comes after reporting from S&P Global that the Dominion has been over-forecasting its demand for years in order to justify allocating dollars towards new natural gas facilities. The company gave no reason for the suspension.