Dominion Power Seeks To Increase Rates

Nope, it’s not just water. From the Times Dispatch: With tens of millions of dollars likely at stake, the rate case has large implications for the company’s financial well-being, Virginia’s energy security and customers’ pocketbooks. Rate cases establish the regulated utility’s allowable profit and are different from the annual adjustments for fuel costs, such as the 18 […]

March 30, 2009; 4:13 PM • by Oregon Hill

Nope, it’s not just water.

From the Times Dispatch:

With tens of millions of dollars likely at stake, the rate case has large implications for the company’s financial well-being, Virginia’s energy security and customers’ pocketbooks.

Rate cases establish the regulated utility’s allowable profit and are different from the annual adjustments for fuel costs, such as the 18 percent increase last summer.

The electric utility company will seek a “modest” rate increase, according to Thomas F. Farrell II, Dominion Resource Inc.’s chairman, president and chief executive officer.

Perhaps we will see more people partake in EarthHour next year.

Keep in mind, Oregon Hill desires better service already. Right now we have problems with under voltage on our lines. We better get what we pay for in the future.

One former Oregon Hill resident, Chris Maxwell, has made energy a recent topic on his WRIR radio show, Homespun C-Span.