Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Power Up Virginia 500
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Power Up Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Advertisement

Header Primary Menu

  • Issues
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Power Up Virginia 500
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Power Up Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Home News Industries Energy/Green Dominion asks for approval to reduce fuel charge

Dominion asks for approval to reduce fuel charge

Published October 15, 2013 by Robert Powell, III

Dominion Virginia Power is asking the State Corporation Commission of Virginia (SCC) for approval to reduce its  fuel charge.

If approved, the lower fuel charge would lower the monthly bill of a typical residential customer using 1,000 kilowatt-hours of electricity by 3.3 percent, from $112.05 to $108.35, the company said.

The fuel charge pays for fuels including natural gas, coal and uranium used in power stations to produce electricity. The cost of fuel is charged on a dollar-for-dollar pass-through without any mark-up or profit to the company.

The company is requesting that more than $140 million be returned to customers as a result of the savings resulting from lower-than-expected fuel prices and mild weather.  Dominion Virginia Power spends nearly $2 billion annually on fuel and related expenses.

If the request is approved, Dominion’s overall electric rates will be reduced to virtually the same level they were more than five years ago, the company said. At that time,  portions of a 2007 law reregulating Virginia electric utilities went into effect.
The fuel charge comprises about 25 percent of a typical residential bill but substantially more for large industrial customers, meaning they could see significantly greater savings.  The remaining part of the bill covers operating and maintenance costs as well as investments in power stations, the transmission grid and other infrastructure to support reliable electric service for customers.

By state law, the company files a fuel case only once a year, normally around May 1. The fuel rate normally changes on July 1 each year.

Related Stories

Virginia Business logo

Governor unveils 2014 Virginia Energy Plan

Virginia Business logo

Dominion Virginia Power and SunEnergy1 to install largest solar facility in Hampton Roads

Virginia Business logo

Dominion Energy directs $1M to help small businesses, residents pay energy bills

Businesses can receive up to $1K to pay off accrued bills during pandemic

Trending

258 Va. companies make this year’s Inc. 5000

Chesapeake warehouse sells for $13.59M

Va. Beach honors Ramon W. Breeden Jr.

Caesars ups Danville casino investment to $650M

CarLotz to merge with San Francisco’s Shift

Sponsored Stories

Creating An Urban Destination in Chesapeake

5 surprising facts employers should know about voluntary benefits

What Supply Chain Problems should you be planning for in 2023?

Advertisement

Advertisement

Trending

258 Va. companies make this year’s Inc. 5000

Chesapeake warehouse sells for $13.59M

Va. Beach honors Ramon W. Breeden Jr.

Caesars ups Danville casino investment to $650M

CarLotz to merge with San Francisco’s Shift

Sponsored Stories

Creating An Urban Destination in Chesapeake

5 surprising facts employers should know about voluntary benefits

What Supply Chain Problems should you be planning for in 2023?

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2022 Virginia Business. All rights reserved.

Site Maintained by TechArk