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Regulators conditionally approve Dominion plant

Friday - 5/30/2014, 11:06pm  ET

BALTIMORE (AP) -- Maryland regulators have granted conditional approval to Dominion Resources to build a new power plant at its liquefied natural gas terminal in Calvert County.

Approval for the project by the Maryland Public Service Commission is dependent on Virginia-based Dominion spending $48 million on clean energy, energy efficiency and to help low-income customers with their bills.

The 130-megawatt power plant is being built solely to support Dominion's expanded gas terminal and export facility.

Regulators say they imposed the conditions because the project wouldn't provide a net benefit to Maryland residents as proposed.

Dominion did not immediately issue a statement on the regulatory approval.


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