Dominion and Lockheed Martin Announce Grid Side Energy Efficiency Solution and Development Alliance

RICHMOND, Va., Jan. 24, 2012 /PRNewswire/ -- Dominion (NYSE: D) and Lockheed Martin (NYSE: LMT) announced today the availability of the EDGE(SM) Grid Side Efficiency solution for utilities.  EDGE is the first of several smart grid applications to be delivered through a joint marketing and development alliance between the two companies.

EDGE is a modular and adaptive conservation voltage management solution enabling utilities to deploy incremental grid-side energy management that requires no behavioral changes or purchases by end customers. The EDGE product suite provides significant and sustainable energy savings through integrated planning, execution and validation of grid side energy efficiency management.  

"EDGE marries two strong companies, Dominion and Lockheed Martin, to make it easy to bring and validate savings to utilities and their customers," said Mary C. Doswell, Dominion senior vice president-Alternative Energy Solutions. "Lockheed Martin brings its unique strengths as a system-of-systems integrator and developer of mission-critical command and control systems to make EDGE work seamlessly with a utility's existing distribution management software."

"Dominion, with its 100 years of electric distribution experience, has a keen knowledge of distribution network operations and has proven substantial energy savings in its conservation voltage management deployment," said Roger Flanagan, Director, Lockheed Martin Energy Solutions. "Together, we will provide a program-based solution that helps our utility customers better manage their grid and meet their energy efficiency targets."

Under the terms of the agreement, Dominion and Lockheed Martin will provide EDGE integration, software support and maintenance services to smart grid solutions partners, as well as end user utility customers.  In addition to working with Lockheed Martin, Dominion will also partner with BRIDGE Energy Group, Elster, Landis+Gyr, and Silver Spring Networks to bring these solutions to market.

"Each of our channel partners offers a unique set of products and services that are enhanced by our EDGE products," said Doswell. "We believe that these partnerships allow the product to be delivered to the utility customer seamlessly, either by integrating into their existing AMI and Distribution Smart Grid systems or as part of a full end-to-end solution for those deploying new Smart Grid applications."

Lockheed Martin and Dominion will be demonstrating EDGE in booth #217 at the DistribuTECH industry conference Jan. 24-26 in San Antonio, Texas.

Dominion, headquartered in Richmond, Va., is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 28,000 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,300 miles of electric transmission lines.  Dominion operates the nation's largest natural gas storage system with 947 billion cubic feet of storage capacity and serves retail energy customers in 15 states. For more information about Dominion and its EDGE product, visit the company's website at www.dom.com/edge.

Lockheed Martin Energy Solutions is part of the Corporation's Information Systems & Global Solutions-Civil business. IS&GS-Civil is responsible for a wide array of information technology systems and technical services in areas such as energy, health care, transportation, information and cyber security, citizen protection and space exploration. Lockheed Martin's smart grid solutions portfolio combines expertise in systems-of-systems integration, service oriented architectures, cyber security and mission-critical systems development with utility-specific functionality.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2010 sales from continuing operations were $45.8 billion.

For additional information please visit www.dom.com/edge.

For additional information please visit www.lockheedmartin.com/energysolutions.

SOURCE Dominion