Dominion Energy Virginia on July 10 announced it has issued a request for proposals from leading small modular reactor nuclear technology companies to evaluate the feasibility of developing an SMR at the company's North Anna Power Station in Louisa County, Va.
“While the RFP is not a commitment to build an SMR at North Anna, it is an important first step in evaluating the technology and the North Anna site to support Dominion Energy customers' future energy needs consistent with the company's most recent Integrated Resource Plan,” the investor-owned utility noted.
The company also announced that it intends to seek rider recovery of SMR development costs in a filing with the Virginia State Corporation Commission expected in the fall.
The step was enabled by bipartisan legislation passed by the Virginia General Assembly earlier this year.
The legislation contains cost caps limiting current SMR development cost recovery to no more than $1.40 per month for a typical residential customer. The company anticipates that its initial request will be substantially below that limit.
