Old Dominion Electric Cooperative and Reliant Energy signed afive-year business alliance to evaluate the development of up to2,400 MW of new power generation, while partnering on retailmarketing operations in the Mid-Atlantic states.

Old Dominion, headquartered in Glen Allen, VA, is a power supplycooperative with 12 member electric distribution cooperatives, 10in Virginia, and one each in Maryland and Delaware. These co-opsserve over 410,000 member owners, covering one million people inrural communities and emerging suburbs in the three-state area. OldDominion owns 650 MW of generating capacity and purchases itsremaining generation needs on the wholesale market. Over the nextfive years, Old Dominion’s planned wholesale energy transactionswill exceed $1.5 billion.

“Both parties will maintain individual autonomy anddecision-making, yet we have a strong commitment to achievingcommon goals,” said Old Dominion CEO Jackson E. “Jack” Reasor, Jr.He added the alliance will enable the two companies to grow intoretail markets across Virginia, Maryland and Delaware as theyderegulate.

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