BLUEFIELD, Va. – Development is being halted on a proposed $2 billion project which would have created a power-generating pump storage facility in Tazewell County which could have created 2,000 construction jobs, 50 permanent jobs and millions of dollars in tax revenues for Tazewell County and other parts of Southwest Virginia. Dominion Energy has announced that the company will not proceed with a proposed hydroelectric pump station on East River Mountain near Bluefield, Va. “We decided to stop development activities related to the Tazewell Pumped Storage Facility in Tazewell County for a variety of reasons, such as the cost impact to our customers, the expiration of a FERC (Federal Energy Regulatory Commission) permit, and the availability of more affordable and higher-capacity power generation options for our customers,” Jeremy L. Slayton with Dominion Energy’s media relations, said Thursday. Dominion bought the land in 2009 for the possibility of using it for a wind farm on top of East River Mountain, just west of Bluefield, Va. The county later passed a tall structure ordinance on ridge lines to try to prevent it but the idea resurfaced in 2015, drawing opposition from local residents. Pump storage is a renewable energy source and works by having an upper reservoir and a lower reservoir, with at least a 1,000-foot drop between the two. Electricity is produced as the water is released from the upper reservoir, running through tunnels and using the force of the falling water to rotate turbines at the lower reservoir. This water is then pumped back up to the upper reservoir. Electricity can be produced in a short period of time and is then ready to be used during peak demand times anywhere it is needed. Slayton said that in the coming months, Dominion Energy will focus on closing out its development activities on the East River Mountain site and will collaborate with federal and state authorities as well as local landowners. “We retain ownership of the 2,600 acres and have not made decisions regarding its future use,” Slayton said. “We appreciate, and look forward to continuing, our relationship with Tazewell County and the surrounding Southwest Virginia region.” Slayton was asked about whether wind turbines could be part of any future plans. “I am not going to speculate about what we might consider for the site, but I can tell you that we will retain ownership of that land and have not made any decisions regarding its future use,” he said. Slayton said that Dominion Energy filed its annual Integrated Resource Plan, which is a long-term planning document to meet future demand that is a snapshot in time based on currently available technology. The plan lays out multiple options to meet the rising power demand of Dominion’s customers. Slayton added that an Integrated Resource Plan is not an application to build any specific project. “Our long-term plans call for various options to meet our growing demand, all of which include more power from every source,” Slayton said. No single power source will get the job done, so multiple sources are needed, Slayton said. About 80% of the new power in Dominion Energy’s plan is carbon-free and includes the following sources: – More offshore wind (a 130% increase to the company’s current fleet) – More solar, an 150% increase to Dominion’s current fleet. “We currently have the second largest solar fleet in the U.S. with 2.7-gigawatts of power,” Slayton said. “This only includes solar that we own; not third-party power purchase agreements.” Battery storage is another part of the plan. “We currently have 32 megawatts of battery storage on our system, including the 20-megawatt Dry Bridge Battery Energy Storage System,” Slayton said. “Last year, we broke ground on a 50-megawatt battery storage project at Dulles International Airport, which will become the largest in our fleet once in operation.” “About 20% of the new power in our plan is natural gas, about a 70% increase to our current fleet,” he said. “Natural gas is critical because wind and solar do not always produce electricity. We need reliable backup power from natural gas so the lights stay on when wind and solar are not producing power.” Contact Greg Jordan at gjordan@bdtonline.comGOLD: Rally calls on city to stem growing violence on buses
The announcement of this one-device restriction rule has left many Tencent members puzzled and frustrated. For years, Tencent membership subscribers have been accustomed to the convenience of accessing their accounts on multiple devices, such as smartphones, tablets, and computers, without any restrictions. However, with the implementation of this new rule, members are now required to log out of one device before logging in on another, leading to inconvenience and disruption in their user experience.
Breakout stocks to buy or sell: The Indian stock market continued to trade sideways throughout the week as the Nifty 50 index failed to break above the 200-DEMA hurdle, which was placed at 23,850. The 50-stock index closed 82 points north at 23,832 on Friday; the BSE Sensex finished 259 points up at 78,732, while the Bank Nifty index ended 162 points higher at 51,333 on the last trade session of the truncated week. Subdued movement continues in the Mid-cap and Small-cap indices, whereas the Nifty Mid-cap 100 Index fell by 0.26% while the Nifty Small-cap Index gained 0.15%. Declining shares outnumbered the advancing shares for the eighth day on the trot, where the advance-decline ratio stood at 0.96 on BSE. Amongst the sectoral indices, Nifty Pharma, Auto, and Healthcare gained the most, while Nifty Metal, PSU Banks, and OIL/GAS were significant losers. Sumeet Bagadia's breakout stock recommendations Sumeet Bagadia, Executive Director at Choice Broking, believes that the overall Indian stock market sentiment is range-bound as the Nifty 50 index has failed to break above the 200-DEMA hurdle, which was placed at 23,850. The Choice Broking expert said the 50-stock index has made immediate support at 23,500, whereas the crucial support for the frontline index is at 23,250. He noted that the current range of the Nifty 50 index is 23,200 to 23,850, and a bullish or bearish trend can be assumed on the breakage of either side of the range. Bagadia suggested investors look at those stocks that look strong on the technical chart. Speaking on the outlook for the Indian stock market today , Sumeet Bagadia said, "Overall, India's stock market bias is sideways to positive as the Nifty 50 index has failed to break above the 200-DEMA hurdle, which places at the the23,850 mark. The 50-stock index has immediate support placed at 23,500 and crucial support at 23,250. So, the frontline index of Dalal Street is trading in a broader range of 23,250 to 23,850 range. A bullish or bearish trend can be assumed on the breakage of either side of this range. So, one should look at stocks that look strong on the technical chart. Looking at breakout stocks for intraday trading can be a good option." Regarding breakout stocks to buy today , Sumeet Bagadia recommended buying these five shares: DCX Systems, Manaksia Coated Metals, Camlin Fine Sciences, Sikko Industries, and Le Travenues Technology (IXIGO). Stocks to buy today 1] DCX Systems: Buy at ₹ 355.60, target ₹ 380, stop loss ₹ 343; 2] Manaksia Coated Metals: Buy at ₹ 112, target ₹ 120, stop loss ₹ 108; 3] Camlin Fine Sciences: Buy at ₹ 132.25, target ₹ 142, stop loss ₹ 127; 4] Sikko Industries: Buy at ₹ 107.84, target ₹ 115, stop loss ₹ 104; and 5] IXIGO: Buy at ₹ 177.85, target ₹ 190, stop loss ₹ 171. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.With the rise of 'Sleepgate' as a popular internet phenomenon, more and more young people are expressing a desire to become part of this exclusive community. Social media platforms are flooded with hashtags, memes, and discussions about 'Sleepgate,' with individuals sharing their own experiences and aspirations related to the art of sleeping. The appeal of belonging to a group that values rest and relaxation over constant activity and stress is undeniable for many young individuals.On a rare two-game skid, No. 24 Arizona faces Davidson
In a recent case that has shocked many, a young woman fell victim to a scam involving high rebate offers while borrowing money to purchase goods for fraudulent activities known as brush orders. The victim, a young mother who was enticed by the promise of huge rebates, ended up being swindled out of a whopping $80,000. However, thanks to the quick thinking and cooperation between law enforcement and a seasoned scammer, a twist of fate unfolded as they engaged in a battle of wits to put an end to the scam.The discovery was made during an excavation at a historical site in South Korea, where archaeologists uncovered the remarkably preserved wooden tablets. The tablets, estimated to be around a thousand years old, are intricately engraved with a variety of Chinese characters, showcasing the ancient writing system that was once widely used in East Asia.