At this point we are excited about the prospects and are very pleased with the support that has been shown by township and county officials. That support gives us great confidence that this project will proceed as planned. We believe that Dominion s involvement will help realize our goal of developing an environmentally sound facility that will be owned and operated by a world-class company with an outstanding reputation for community involvement. Don Schurr, president, Greater Gratiot Development Inc., said, It seems this past year, the time spent in feasibility analysis and potential site examination has flown by. I was pleased to learn that Dominion decided to take on this project.
Dominion is a significant player in the evolving electrical markets.
And, after my initial meeting with Dominion representatives, I am confident that the project will be a successful venture for everybody. Now that we know Dominion will be the equity partner, we are eager to help make this project a reality. Dominion, headquartered in Richmond, Va., is one of the nation's largest producers of energy, with a production capability of 2.7 trillion British Thermal Units of energy per day. The company has a power generation portfolio of more than 21,000 megawatts, which is expected to grow to approximately 28,000 megawatts by 2005. Dominion is one of the largest independent oil and natural gas exploration and production companies in North America, with 2.8 trillion cubic feet of equivalent reserves.