Dominion Power raises fees in Virginia
Dominion Virginia Power is seeking approval for three rate hikes, in times when rising fuel costs are taking a toll, reports the Washington Post.
The power company currently services 2.3 million customers in Virginia. If Virginia regulators accept, the typical customer’s monthly bill will increase by about $12.76, with the first of the three hikes beginning July 1–the other two will go into effect, September 1 and April 1.
The hikes will cover the cost of increasing fuel prices, upgrading equipment, and building a new power plant near northern Virginia.
“The filings also recognize the need to recover higher fuel costs used to generate electricity, both because of rising fuel prices and the effect of last year’s hotter-than-normal summer and colder-than-normal winter. To reduce the impact to customers who are already dealing with higher gasoline prices at the pump, we are proposing to spread this increase over the next two years,” said Paul D. Koonce, Dominion Virginia Power’s chief executive officer, in a press release.
Dominion has asked regulators to split the July 1 hike, which will be an $8.17 increase on the typical customer, over a two-year period. July would see a $4.08 increase, with the other half taking place in July 2012.
READ THE FULL STORY at the Washington Post
Some tips on reducing energy costs from Dominion Virginia Power:
Tip of the Day: Postpone doing laundry and dish washing until nighttime to avoid peak-electric use hours. #energy
Tip of the Day: Cook on the grill to keep cooking heat outside. When using the stove, vent cooking heat outside with a range hood. #energy
Tip of the Day: When you’ll be away from home for more than 4 hours, raise the thermostat a few degrees. #energy
Tip of the Day: Installing a programmable thermostat to lower temp automatically can save you up to $250/year. #energy
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