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Dominion seeks rate increase to pay for burying power lines

Posted on Mar 23,2018
Filed Under Down In Richmond , Politics,

RICHMOND - Dominion Energy is seeking a rate increase to pay for burying power lines.

The state’s largest electric utility filed an application with state regulators Monday to approve part of a larger undergrounding project.

Dominion says the plan submitted Monday will add $1.98 a month to the average residential customer’s bill starting next year.

Lawmakers and Gov. Ralph Northam recently passed a law allowing the company to proceed with a 4,000-mile undergrounding project, which regulators estimate will eventually add about $5 a month to an average customer’s bill.

Experts have said the $2 billion project will translate to only a 0.00002 percent increase in reliability, but Dominion said the buried power lines will boost the state’s economy by limiting power outages.

Source Wtop

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