12/5/1983 - Jacks Valley Power (JVP) - CORPORATE ANNOUNCEMENT
Jacks Valley Power (JVP) announced today that it would implement a plan to extend the useful life of its Virginia coal-fired power plant. The plant is the company’s oldest. The renovation is expected to cost $79 million over the next 10 to 15 years. Company executives point to the fact that a new plant would cost over $600 million as an alternative.
About Jacks Valley Power (JVP):
Jacks Valley Power is an electricity utility. Its subsidiaries sell electricity and natural gas, offer energy management, and provide telecommunications services. Jacks Valley owns some European natural gas transmission and distribution networks.