On the flip side, Virginia Electric and Power Company, a wholly owned subsidiary of Dominion Energy, Inc. (NYSE: D), looks to develop the acquired lease into what will be known as CVOW-South. This project is poised to add 800 MW of capacity, enough to power approximately 200,000 homes and businesses. "With this acquisition, we secure additional resources to meet the expected doubling of electric demand in our Virginia territory over the next 13 years," remarked Robert M. Blue, CEO of Dominion Energy.