Dominion (Richmond, Virginia) and PJM Interconnection LLC (Valley Forge, Pennsylvania) have executed an agreement for PJM to operate Dominion's 6000 miles (9656 km) of transmission lines on a regional basis. Both companies signed a memorandum of understanding that establishes a process for Dominion to become a member of the PJM regional transmission organization (RTO), contingent on certain conditions.

The established wholesale electricity markets the PJM Interconnection covers will provide access to a larger competitive market and ensure continued reliability for our customers.

Under terms of the agreement, Dominion would establish PJM South, which is similar to the newly established PJM West, and would allow Dominion's control area to be operated separately under the single PJM energy market. Both parties have 120 days to finalize specifics of the agreement, which states that Dominion's transmission assets will be fully integrated into the PJM market as soon as possible.

The agreement is subject to approvals by the Federal Energy Regulatory Commission (FERC), the Virginia State Corporation Commission and the North Carolina Public Utilities Commission.
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