DOMINION VIRGINIA POWER IS SEEKING A 200 MILLION DOLLAR STIMULUS GRANT FOR A SMART METER INITIATIVE THAT THE UTILITY SAYS WILL SAVE CUSTOMERS MORE THAN 1.2 BILLION DOLLARS OVER 15 YEARS. DOMINION VIRGINIA POWER PRESIDENT AND CEO PAUL KOONCE SAID THE PLAN COULD BE IMPLEMENTED BY THE END OF 2010, IF THE U.S. DEPARTMENT OF ENERGY APPROVES THE GRANT. THE UTILITY PLANS TO INSTALL 2.4 MILLION SMART METERS FOR ITS CUSTOMERS.