Investing in Our Infrastructure
This year we are excited to break ground on some of the most important construction projects in our company history. Beginning in January 2012, we will invest $100 million over five years as part of our natural gas infrastructure modernization plan approved by the Virginia State Corporate Commission. This plan gives us the ability to accelerate the replacement of aging infrastructure across our service territory and recover the costs in a timely manner.
Investing in Safety and Reliability
Our commitment to the safe delivery of natural gas dates back to 1847 when we began operating in the historic city of Petersburg, Virginia. Since then our company has experienced enormous change with one exception: our unwavering commitment to safety and reliability. Our gas infrastructure modernization is our commitment to our customers and the Commonwealth of Virginia - our commitment to always operate a safe and reliable gas distribution system.
Investing in the Communities We Serve
Investing in our infrastructure is also an investment in the communities we serve. By proactively installing new state-of-the-art facilities, we enhance the safety and integrity of our natural gas delivery system. In addition to the operational benefits, this multi-year project benefits Virginia's economy by creating employment opportunities through additional construction-related jobs. A modern and efficient natural gas distribution system also leads to economic development for many communities.