Dominion Virginia Power paid $142 million in taxes to Virginia localities in 2012, an increase of $10 million compared to 2011. The Historic Triangle — York County, James City County and the City of Williamsburg — were paid almost $3.55 million.
The taxes paid include real estate, property and power-related assets and are assessed annually.
Of the Historic Triangle localities, York County accepted the highest tax payment, more than $2.5 million. James City County was paid $890,362 and the City of Williamsburg received $140,725.
“Our tax payments have increased over the past several years as we have improved system reliability and met increasing customer demand for electricity by adding new power generation and transmission facilities,” said Paul D. Koonce, chief executive officer, in a news release. “We have a large economic impact on the state. These tax payments are vital to many Virginia communities.”
Surry and Louisa house nuclear power stations so each received the single-largest payments of more than $12.8 million. The largest payments are to localities where electricity-generating power stations are located.
A full list of the 2012 payments is available online. For more information about Dominion, visit its website.
