This year, there have been a lot of conversations about what to do with this $300 million, as well as future overearnings—including grid modernization and investments in energy efficiency.
And while these bills include provisions to refund a portion of the money to customers, and potential investments in renewable energy, there is no regulatory oversight on how these clean energy investments are spent.
In other words, Dominion is proposing a blank check on a handshake agreement, with no watchdog role for the State Corporation Commission to oversee how much of Virginians’ money is spent by Dominion. If Dominion is going to keep their customers’ money, Virginians deserve more transparency.
As Virginia’s top corporate political donor, it's not surprising to know that Dominion’s allies in the General Assembly have skimped on consumer protections.
It is one thing to SAY you’re going to make these investments, but it’s another thing to be transparent with these investments. Actions speak louder than words.
Virginians overwhelmingly want a less expensive and cleaner grid—including a majority of Republicans. If these bills move forward, voters need to demand more oversight. In the absence of a full refund to customers, these bills should include the following provisions: