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
    • Startups
    • 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
    • 2022 Virginia Business Political Roundtable
    • 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
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 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
    • Startups
    • 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
    • 2022 Virginia Business Political Roundtable
    • 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
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Industries Energy/Green SCC denies Walmart’s efforts to purchase third-party power

SCC denies Walmart’s efforts to purchase third-party power

Published February 26, 2019 by Jessica Sabbath

The Virginia State Corporation Commission (SCC) on Monday denied Walmart’s request to purchase power from third-party suppliers.

The retailer had requested permission to leave utility companies Dominion Energy Virginia and Appalachian Power Co. to purchase power elsewhere.

The SCC determined Walmart’s departure would harm Dominion and APCo’s residential and small-business customers, who do not have the legal right to leave utilities to seek lower rates. The commission said the retailer’s departure would increase prices $65 million for Dominion customers and $4 million for APCo customers during the next 10 years.

In considering Walmart’s request, the commission said it also considered monthly bill electric bill increases during the past 10 years, which rose by $48, or 73 percent, for APCo customers, and $26, or 29 percent, for Dominion customers.

The SCC also said customer rates are likely to increase because of requirements of Senate Bill 966, which overhauled the state’s utility regulations. Provisions under that law automatically granted some large-demand customers of Dominion the right to a 2 percent cut, which shifts costs to smaller businesses and residential customers, the commission said in a release.

The commission stated: “In conclusion, given the context of a decade of rising rates and the likelihood of even higher rates in the future, we do not find it consistent with the public interest for captive customers who do not have the legal ability to obtain lower rates — predominantly residential and small business — to suffer from the cost-shifting identified [in this case] by enabling a large-demand customer to seek its power supply elsewhere…”

A new provision of the law allows single customers that use more than 5 megawatts of power to leave the utility system to purchase power from a third-party vendor. The law allows customers, subject to commission approval, to aggregate demand from multiple retail locations to meet that 5-megawatt threshold.

Walmart applied to aggregate the power of 140 locations that use Dominion power and 44 locations that use APCo. In its initial filing, Walmart said the total would make up 70.52 megawatts of power.

In February 2018, the SCC approved the first request to seek approval to purchase third-party approval under the same provision. Reynolds Group Holdings asked to aggregate six locations to meet the threshold. Those six locations aggregated 10.12 megawatts.

Related Stories

Virginia Business logo

New business-oriented group sponsored by pipeline developers supports Atlantic Coast Pipeline

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

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Rivers Casino Portsmouth opens to big crowds

Va. bill aims to reduce mental health stigma for health care workers

Framatome CEO retiring; CFO to be promoted

Former EAB buildings in Henrico sell for $5.35M

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Rivers Casino Portsmouth opens to big crowds

Va. bill aims to reduce mental health stigma for health care workers

Framatome CEO retiring; CFO to be promoted

Former EAB buildings in Henrico sell for $5.35M

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

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 © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk