Virginia
Businesses in the News
Legal
and Regulatory
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the Record is
compiled from company releases, business
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For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
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Dan
River, a textile company headquartered in Danville,
filed for Chapter 11 bankruptcy protection. The
company cited debt burdens and changing economic
conditions in the textile industry. (Danville
Register & Bee)
Dominion Generation, a unit
of Richmond’s Dominion Resources, leads
a consortium of companies that has applied to
the U.S. Department of Engery for cost-sharing
money to help pay for a construction and operating
license for a third nuclear power reactor at
Dominion Virginia Power’s North Anna plant
in Louisa County. (Richmond Times-Dispatch)
Planters Bank & Trust Company
of Staunton and Virginia Heartland Bank of Fredericksburg,
entered into agreements with the Federal Reserve
Bank of Richmond to enhance compliance with
federal regulations to deter money laundering.
Both banks are subsidiaries of Virginia Financial
Group. (Press release)
The State Corporation Commission
approved applications for natural gas-fired
power plants in James City County (a 580-megawatt
facility by James City Energy Park) and in Charles
City County (a 665-megawatt by Chickahominy
Power). (Press release)
