Big day for Dominion Virginia Power
- June 25, 2008
Dominion Virginia Power awaits two decisive votes.
The state Air Pollution Control Board could vote as soon as today on Dominion’s proposed 585-megawatt coal-fired plant in Wise County. The State Corporation Commission also is expected to vote soon on the power company’s proposed 18 percent rate hike to cover increased fuel costs.
Both the pollution board and SCC held public hearings yesterday. Local officials united in support of the proposed coal plant, saying it would be an economic boon for the county. Local citizens were more split on the idea, while environmentalists opposed it. For more on comments from the hearing, see the Bristol Herald-Courier’s story.
At the SCC’s hearing in Richmond, commission staff revealed that Dominion’s proposed 18.3 percent hike is likely not enough to cover increased increased fuel prices. Under state law, the power company could have asked for as much as a 22 percent increase to cover fuel costs. An 18.3 percent increase would raise an average customer’s monthly bill by $16.61. The commission could vote on Dominion’s proposal this week.
For more information on energy in Virginia, visit virginiabusiness.com.