Another Blank Check?

Once again, Dominion Energy is asking legislators to write them a blank check, payable by everyday Virginians. For context, Dominion successfully lobbied in 2015 for a government handout of over $300 million a year. The utility monopoly said they needed to comply with carbon regulations that are no longer being enforced by President Trump. But instead of refunding their customers their money, Dominion wants to keep the money anyway.

Write your lawmaker now!

HB1558, SB966 and SB967.

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.

More Dominion accountability means more clean energy for Virginia. It’s as simple as that.

Fight for Transparency.

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:

  1. The State Corporation Commission (SCC) has full oversight over the appropriate size of the dollars Dominion spends on proposed investments in clean energy and energy efficiency.
  2. Dominion should provide an itemized list of their planned investments, instead of a backroom handshake agreement. Ratepayers shouldn’t give Dominion a blank check.
  3. Rate reductions should resume soon, rather than in 2024 as currently proposed.