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Virginia Power Wins Dispute with IPP

Byline: 
W. Lynn Garner
Fortnightly Magazine - April 15 1995
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Virginia Power emerged the winner in a lawsuit filed by an independent power producer (IPP), Doswell Limited Partnership, involving payments for wholesale electricity. The disputed payments total more than $100 million over a 25-year contract. Doswell owns a large nonutility power plant north of Richmond, VA, with a capacity of 726 megawatts, and sells electricity to Virginia Power. A portion of the IPP contract is based on a fixed
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