Tag: Stephen D. Haner
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SCC Examiner Says No to Dominion Gas Plans
By Steve Haner A hearing examiner at the Virginia State Corporation Commission has recommended rejection of Dominion Virginia Energy’s plan to maintain and add to its fleet of fossil fuel generators. It failed to overcome the presumption in state law that all such plants must go away, she wrote. In her extensive report following the…
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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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Dominion, Clean VA Spend $23M Buying Influence
By Steve Haner Dominion Energy Virginia has increased its donations to Virginia state politicians six-fold in just four years. The other major donors in the energy regulation arena, Clean Virginia Fund and its founder, have done much the same. They are donating five times more in the 2023 election cycle than they did in the…
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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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How Pass Through Tax Rules Raid the U.S. Treasury
By Steve Haner When the General Assembly was briefed on the state’s financial status last week, the $412 million in unexpected revenue growth was dismissed as potentially misleading because of some new quirk in Virginia tax law called the Pass Through Entity Tax or PTET. PTET keeps coming up in these discussions. Approval of the…
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Youngkin Team Cautious Despite Revenue Surge
by Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. Virginia’s state budget grew 90% in the past decade, far faster than in previous decades. After adjusting for inflation and population changes, spending still jumped 4% each year, a high rate of compound real growth. At the same time, the…
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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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Miyares Seeks Dismissal of Suit to Save RGGI
By Steve Haner Attorney General Jason Miyares (R) is defending the Virginia Air Pollution Control Board’s decision to exit a multi-state carbon cap and tax compact as within the regulatory agency’s authority. He has also claimed to the circuit court hearing an appeal of that decision that the plaintiffs were not affected by the action…
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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…