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Tentative settlement reached in Dominion rate review

Dominion Energy office on Hydraulic Road in Charlottesville
Dominion Energy office on Hydraulic Road in Charlottesville(WVIR)
Published: Oct. 18, 2021 at 9:47 PM EDT
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RICHMOND, Va. (AP) - Virginia’s largest electric utility has reached a settlement agreement with regulators and other parties in an ongoing rate case that if approved would provide one-time refunds to customers and a rate reduction going forward.

Dominion Energy Virginia announced the development late Monday afternoon in the rate case that kicked off in the spring.

The company said in a news release that the proposed settlement would result in $330 million in one-time refunds on customer bills, amounting to about $67 for a typical residential customer.

The State Corporation Commission can now accept, reject or modify the agreement.

(Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)

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