Tag: Dominion
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Dominion’s Wind Gamble Could Cost Customers
by William O’Keefe A study by the Kleiman Center for Energy Policy at the University of Pennsylvania concluded that reaching long-term offshore wind power targets presents serious challenges with “the most pressing being the need to build out the electric grid to reliably and economically deliver vast quantities of offshore wind power.” And that also…
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SCC Drops Wind Energy Performance Standard
by Steve Haner The Virginia State Corporation Commission (SCC) has abandoned its push for an offshore wind performance standard fiercely opposed by Dominion Energy Virginia. It agreed instead to some capital cost limitations for its project that the utility has endorsed . In a decision released today, the two commissioners accepted in full a stipulation put…
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Virginia Agrees To Compensate Fishing Industry For Damage From Offshore Wind
by Steve Haner Nine states, including Virginia, have agreed to establish a major compensation fund to pay their private commercial and recreational fishing companies for damages caused by offshore wind turbines. Three guesses where the money comes from. The announcement, made December 12, hints at it coming from project developers, but in Virginia of course…
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RGGI Tax, On Path to Repeal, Reaches $524 Million
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. The tax on each ton of carbon dioxide emitted by Virginia electricity plants dropped to below $13 a ton in the most recent sale of CO2 allowances conducted by the Regional Greenhouse Gas Initiative (RGGI). That meant Virginia collected only…
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Why Does Dominion Fear a Wind Output Promise?
By Steve Haner While we await a decision by the State Corporation Commission on competing approaches for protecting consumers from unexpected offshore wind costs, some additional relevant information is worthy of notice. Two items call into question Dominion Energy Virginia’s refusal to assume financial risk for poor turbine performance.
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Feds: Whales Must Be Protected from Turbines
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Soon after a group of opponents to proposed East Coast offshore wind projects hired a law firm with environmental regulation expertise, the federal Bureau of Ocean Energy Management (BOEM) announced a new plan to protect North Atlantic Right Whales and…
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SCC Urged To Focus on Wind Construction Risk
by Steve Haner Advocates made their case Monday for a proposed settlement that offers Virginia consumers some protection from construction cost overruns on Dominion Energy Virginia’s proposed offshore wind project. Not everybody said it was superior to an earlier proposal that protected consumers from future operational failures, but all saw it as unlikely to kill…
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East Coast Ocean Wind Projects Faltering
by Steve Haner In recent days several proposed offshore wind projects, which unlike Virginia’s are not guaranteed by captive ratepayers, are showing cracks in their pylons. Multinational developer Avangrid recently told Massachusetts regulators that its proposed 1.2 gigawatt Commonwealth Wind project is no longer economically viable. It seems to be seeking to renegotiate the power…
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Miyares Retreats from Wind Performance Standard
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. The big risk with Dominion Energy Virginia’s planned offshore wind extravaganza has always been that either the wind out in the Atlantic blows too little or it blows too much. Too little and the ratepayers are paying an inordinate amount…
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Legislators MIA on Wind Performance Standard
by Steve Haner In the ongoing debate over Dominion Energy Virginia’s proposed $10 billion offshore wind project, focus should remain on the people truly responsible for undercutting State Corporation Commission authority to protect consumers: the legislators who passed provisions in the code the utility interprets as a rubber stamp for its proposals.
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Dominion is Keeping Whale Data Secret, Too
by David Wojick Secrecy abounds around the monster offshore wind (OSW) project proposed by Dominion Energy. In this case the hidden data is about the threat to the severely endangered North Atlantic Right Whales. I earlier reported on the big hidden whale study done by the U.S. Bureau of Ocean Energy Management, which is doing…
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SCC Can Set CVOW Wind Performance Standard
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Despite Dominion Energy Virginia’s complaints that the Virginia State Corporation Commission has exceeded its authority, a legal analysis provided by the Thomas Jefferson Institute for Public Policy finds that the SCC’s proposed performance standard for an offshore wind project is…
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Consequences of the Zero Carbon Fantasy
By Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Virginians may finally be waking up to the consequences of the headlong rush to adopt utopian energy policies under our previous governor. The issues are getting more attention than ever before, and now people need to realize that all the…
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When Politicians Run Power Companies
by Steve Haner Residential customers of Dominion Energy Virginia will soon be paying 55% more for electricity than they were when the Virginia General Assembly took over micromanaging utility regulation in 2007. The Western Virginia customers of Appalachian Power will have seen their electric bills rise by 92%. Underlying inflation for the period has been…
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Secret Wind Case Documents Are Key to Appeal
by Steve Haner Now comes applicant Dominion Energy Virginia, petitioning the Virginia State Corporation Commission to reverse its recent decision to impose actual financial risk on the company and its stockholders. If a hurricane blows down its planned offshore wind farm in a few years, the related costs should be imposed 100% on its captive…