Tag: Stephen D. Haner
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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…
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Wall Street Journal: Wind Approved “Under Duress”
by Steve Haner With an editorial published yesterday, The Wall Street Journal has now given its readers more insight into the risks inherent in Dominion Energy Virginia’s coming wind project than any Virginia newspaper or broadcast outlet has. It is not the kind of national spotlight Virginia should crave.
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What Surplus? Virginia Doesn’t Allow Surpluses!
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Does last week’s glowing report on Virginia’s state tax collections presage additional tax relief for struggling families? The first question is, was the news really glowing?
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Wind: SCC Rejects Deal Signed By Its Staff
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Rejecting an agreement that its own staff reached with Dominion Energy Virginia, the State Corporation Commission has imposed at least some level of financial risk on the utility’s shareholders should its $10 billion offshore wind project fail to match the…
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Delayed Fuel Costs May Include Interest Now
by Steve Haner Dominion Energy Virginia wants its customers, not its shareholders, to pay an interest penalty for the privilege of taking three years to pay off the recent explosion in its fuel costs. The company is paying about $1 billion more for fuel than it planned when the fuel portion of bills was set…
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Salvation for the Mountain Valley Pipeline?
by Steve Haner And now, from our “I’ll believe it when I see it” department, comes the expectation that passage of President Joe Biden’s new corporate tax hike and green energy incentives package will be followed by a smooth path to completion for the Mountain Valley Pipeline (MVP) for natural gas. The topic is everywhere…
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Bill to Bury Fauquier Powerline Comes to You
by Steve Haner One of the key skills in politics is to make your constituents happy with money provided from those far, far away. It is happening again as Fauquier County’s leaders want the General Assembly to force all Dominion Energy Virginia’s ratepayers to pay to bury a 230-kv power line out of sight from…
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How’s Your Climate Emergency Going? Hanging In?
by Steve Haner How is your climate emergency going so far? We seem to be hanging in well at my house. The media hype around this fairly typical July hot spell has been off the charts, but my favorite headline of the season appeared in the Richmond Times-Dispatch (home of at least one climate jeremiad…
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Five Reasons to Reject Offshore Wind
by Steve Haner Researchers at the University of Virginia are part of an ongoing effort to redesign wind turbines to be both more efficient and better protected from storm-scale winds, as described in this video you can find on a university website. What is the problem to be addressed? Says one of the engineers: As…
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Can Dominion Be Made To Stand Behind Promises?
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Second of two articles. In promoting its proposed Coastal Virginia Offshore Wind (CVOW) project, Dominion Energy Virginia has made many specific projections about its costs and performance. The State Corporation Commission is now being advised to convert one or more…
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Offshore Wind Risks Stressed in SCC Briefs
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. First of two articles, with the second coming tomorrow. Virginia’s State Corporation Commission has now received a series of legal briefs offering opinions on what steps, under the law, it can take to protect Dominion Energy Virginia consumers from the…
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This Year the VRS “Diet COLA” Will Really Hurt
by Steve Haner The most recent year-over-year inflation measure approached 9%, with many key food or energy items growing in cost even faster. The official inflation estimate just used to increase the state’s gasoline taxes as of July 1 was 7%. So what inflation factor will be used to adjust state and local employee pensions…