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Old Dominion Electric Cooperative owns an 11.6
percent interest in Virginia Power's North Anna Nuclear Power Station in
central Virginia's Louisa County. The station's two generating units have
a combined capacity of about 1,800 megawatts. The first unit began
commercial operation in June 1978, the second in December 1980. The
station was named for the North Anna River, dammed to form the 13,000-acre
lake that supplies cooling water to the station. Through 1995, North Anna had generated nearly 200 million mega-watt hours of electricity, playing a vital role in supplying the needs of Old Dominion Electric Cooperatives member's. The station cost approximately $1.3 billion to build. The North Anna station is among the
lowest-cost nuclear generating stations in the nation. In fact, in both
1994 and 1995 it was the top nuclear station in the United States in terms
of producing the lowest-cost electricity. When its 50 percent stake in the coal-fired Clover Power Station in south-central Virginia is combined with its 11.6 percent ownership stake in North Anna, Old Dominion owns about 54 percent of the generating needs of its 12 member distribution systems. The other 46 percent is purchased from other utilities through contractual arrangement, in which Old Dominion shops the energy marketplace for the best deal for its member cooperatives. |
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