SCC approves Dominion rate decrease

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The State Corporation Commission has approved reducing Dominion Virginia Power’s fuel rate on an interim basis after July 1.

Dominion requested the decrease in an April 30 filing.

The fuel rate is now 2.803 cents per kilowatt-hour, which means as reduction of $1.24 each for an average customer who uses 1,000 kilowatts of electricity.

A public hearing on the new rate will be held in Richmond on Sept. 8.

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