
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, March 6, 1990                   TAG: 9003061830
SECTION: BUSINESS                    PAGE: B7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

MITSUBISHI TO BUILD POWER PLANT IN VA.

Virginia Power Co., seeking to increase its output and meet rapid growth in electricity demand, has received federal permission to buy electric power from a $400 million plant that a subsidiary of Japan's Mitsubishi Corp. will build in central Virginia.

The deal, which marks a sharp departure from traditional practice in the electric power industry, was approved last week by the Federal Energy Regulatory Commission. The plant will burn natural gas supplied by a new 120-mile, $65 million pipeline that will link existing gas lines in Loudoun County and the Tidewater area. The 650-megawatt plant in Hanover County, about 30 miles north of Richmond, and the pipeline are scheduled to be completed by the end of next year, the owners said.

Industry officials said the Mitsubishi project will be the first of its kind in this country. It also marks the debut of the Japanese in an industry that affects virtually every household and business in the United States. - Washington Post

by CNB