Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, April 22, 1993 TAG: 9304220085
SECTION: BUSINESS PAGE: B7 EDITION: METRO
SOURCE: GEORGE KEGLEY STAFF WRITER
DATELINE: LENGTH: Medium
The plan, subject to State Corporation Commission approval, should let the utility delay building a generating plant for at least five years, until 2002, said Carl Baab, a Virginia Power spokesman. The utility has delayed plans for a coal-fired plant in Southside, once expected to operate in 1997.
The program is expected to reduce the use of electricity by 3.1 million megawatt hours through 2000, the company said. By the end of this year, more than 390,000 Virginia Power customers, or more than one-fifth, are expected to participate in one of the energy-efficiency programs.
Under the financing plan, Virginia Power would lend up to $10,000 to as many as 6,000 residential customers through 1994 for new equipment and insulation.
Reduced-interest bank loans of up to $100,000 each are to be offered to 1,100 commercial and industrial customers for conservation measures.
The company said it will pay up to $2 million in allowances through 1995 for customers who will test advanced energy-saving electric heating, cooling and water-heating equipment in their homes and businesses.
Other programs for commercial customers would help install permanent energy-efficient lighting, promote advanced industrial electro-technologies that reduce energy use and pay allowances to as many as 10,000 homeowners for inspection of their heat pumps.
The program, called ConserVision, would include Virginia Power's Western Virginia customers in portions of Alleghany, Bedford, Botetourt and Rockbridge counties.
by CNB