Category: Utilities
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Virginia’s Final (Maybe) RGGI Tax Grab: $97M
by Steve Haner Virginia has participated in its final (for a while anyway) Regional Greenhouse Gas Initiative auction and the proceeds on the carbon tax set a new record, with Virginia collecting more than $97 million in one swoop. The total carbon tax take for the state is just under $828 million in three years.…
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Virginia Beach Nixes Kitty Hawk Wind Cables
by Steve Haner The political leaders of the City of Virginia Beach have informed an offshore wind developer that they oppose its plan to bring power cables ashore at Sandbridge Beach. No formal vote was taken on the application, however, according to media reports. The story appeared in The Virginian-Pilot and on local television station…
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Excess Profits Squeezed Out From Dominion Rates
By Steve Haner The long struggle to prevent Dominion Energy Virginia from earning excess profits in its base rates year after year appears to be over and consumers finally won. That is the main takeaway as the first general review of its base rates since the 2023 regulatory re-write is moving toward a quick settlement.…
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Dominion Wind May Be Sued, Hikes Customer Bills
by Steve Haner Two national activist groups on energy and environmental issues, both with connections to Virginia, have taken the first legal steps to challenge the recent federal approvals for Virginia’s planned offshore wind complex. Most of what follows is directly from their announcement dated November 14. The Heartland Institute and the Committee for a Constructive…
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SCC Approves Paying Extra for Fuel As “Relief”
by Steve Haner The Virginia State Corporation Commission has approved Dominion Energy Virginia’s request to stretch out the back payments on $1.3 billion in old fuel bills from previous years over more than seven years. While the ultimate dollar cost to customers is millions higher because of interest charges, even the SCC news release touted…
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Court Blocks Pennsylvania from Joining RGGI
by Steve Haner A state court in Pennsylvania has ruled that the regulatory decision to enroll that state in the Regional Greenhouse Gas Initiative (RGGI) exceeded the authority of state regulators. It ruled RGGI is a tax that could only be lawfully imposed by the legislature. It was the Republican majority in one of the…
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Dominion’s Wind Project Wins Federal Approval
The Biden Administration’s Bureau of Ocean Energy Management (BOEM) has issued final approval for the construction of Dominion Energy Virginia’s Coastal Virginia Offshore Wind project. Here is the release. A few more steps remain and should be completed by late January, according to BOEM. The announcement, fully expected since all previous U.S. projects have been…
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NY Ratepayers Better Protected Than Virginia’s
By Steve Haner The New York State Public Service Commission (PSC) last week told several offshore wind developers it would not approve changes in their state contracts, putting several planned ocean turbine projects into jeopardy. The story is important for its contrast to how Virginia faces the same future.
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Why are the Poor Still Paying for Dominion Wind?
by Steve Haner Virginia’s new electricity bill subsidy program for customers of Dominion Energy Virginia has cleared its final hurdle at the State Corporation Commission and will begin enrolling participants in time for this coming winter. It is largely following the schedule previously outlined. In a final order issued October 13, the Commission set the…
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Principles for Virginia’s Energy Future
By Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Energy is our economy. Energy is the basis of wealth and a comfortable life. As Virginia chooses a new set of legislators to wrestle with the old and new energy issues facing the Commonwealth, here is a review of some…
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Did Assembly Trim Dominion Bills $7-$14? No.
by Steve Haner When the Virginia General Assembly passed a complicated electricity regulation change a few months ago, the Richmond Times-Dispatch parroted as fact this Dominion Energy Virginia claim in a front-page paragraph: The compromise on electric bills — in legislation that passed nearly unanimously — would bring an immediate $6 to $7 cut in…
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Legislature Moves To Fill Power Vacuum It Created
By Steve Haner State Senator Scott Surovell, D-Mount Vernon, showed today that he had something which the State Corporation Commission now lacks – a quorum. Surovell and the other legislators will gather in Richmond tomorrow to address the state budget but are expected once again to fail to fill the two vacancies on that vital…
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TJI To SCC: Keep Dominion Gas Plants
The following has been submitted to the State Corporation Commission via the public comment portal it has established for Dominion Energy Virginia’s pending 2023 Integrated Resource Plan. It was drafted by Thomas Jefferson Institute for Public Policy Senior Fellow Stephen D. Haner. Dominion Energy Virginia is acting reasonably and prudently by planning to maintain most…
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Politicians Back Interest-Heavy Fuel Debt Payoff
By Steve Haner Several Virginia legislators have encouraged the State Corporation Commission to allow Dominion Energy Virginia to convert a $1.3 billion unpaid fuel debt into a ten-year revenue stream for the utility, adding up to $370 million in additional costs onto its customers. The SCC will open a hearing Tuesday on the utility’s pending…
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Dominion Plan to Maintain Gas Attacked at SCC
By Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. The front line in the war against fossil fuels in Virginia has now shifted back to the State Corporation Commission, and as usual only one side has fielded an army and brought heavy weapons to the battlefield. Those who might…