Dominion rebuts claims in Schapiro column
The bill for a typical Dominion Energy Virginia residential customer is lower today than it was before the General Assembly acted in 2015 to boost solar development, increase aid to customers in need of help, and protect everyone from unexpected costs related to carbon reductions. This is just one of the errors that need to be corrected from Jeff Schapiro’s column, “Big win for one of Va.’s big boys.”
Schapiro’s problem stems from using an incorrect starting and ending point in assessing the impact of Senate Bill 1349. The legislation resulted in a rate reduction in the spring of 2015 — before the July 1, 2015 date Schapiro incorrectly cites as a starting point. This rate cut included requiring Dominion Energy to write off $85 million in uncollected fuel expenses from the 2015 Polar Vortex. In February 2015, Dominion’s typical residential bill was $115.95. As of this month, the corresponding figure is $115.65, not the $119.75 cited by Schapiro.
Schapiro also is mistaken in referring to the State Corporation Commission’s “centurylong” authority to order refunds. The SCC gained that authority as a result of 2007 legislation Schapiro criticized at the time. He also neglects to mention that here in Virginia the McAuliffe administration is developing its own carbon regulation.
Senate Bill 1349 has led to stable electricity bills, a burgeoning of the Virginia solar industry, and a best-in-the-nation energy assistance program. These are the facts, and unlike the errorridden column Schapiro wrote, they are indisputable.
SENIOR VICE PRESIDENT,
CHIEF LEGAL OFFICER,
Editor’s note: The figures cited in Jeff Schapiro’s Sept. 17 column were provided by the State Corporation Commission and were based on when the Virginia law in question took effect, July 1, 2015. Further, the SCC has always had the power to order refunds.