Dominion gets Final US OK on Offshore Lease Area - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Dominion gets Final US OK on Offshore Lease Area

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RICHMOND, Va. (AP) - Dominion Virginia Power has won final approval of its $1.6 million bid to lease nearly 113,000 offshore acres for the development of wind power.

Virginia's largest utility beat out one other bidder last month to win the nation's second lease of Atlantic Ocean floor dedicated to the development of towering wind turbines. The bid was subject to review by the U.S. Justice Department.

A Dominion spokesman said Tuesday that Justice had no objections and the utility has signed lease documents.

Within five years of the lease signing, Dominion must present a construction and operations plan to the Bureau of Ocean Energy Management.

Full development of the lease area could power 700,000 homes by ocean winds, or 2,000 megawatts of electricity.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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