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Tentative settlement reached in Dominion rate review

Dominion Energy office on Hydraulic Road in Charlottesville (FILE)
Dominion Energy office on Hydraulic Road in Charlottesville (FILE)(WVIR)
Published: Oct. 19, 2021 at 9:49 AM EDT
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RICHMOND, Va. (AP) — Virginia’s largest electric utility has reached a settlement agreement with regulators and other parties in an ongoing rate case that if approved would provide one-time refunds to customers and a rate reduction going forward.

Dominion Energy Virginia announced the development late Monday afternoon in the rate case that kicked off in the spring. The company said in a news release that the proposed settlement would result in $330 million in one-time refunds on customer bills, amounting to about $67 for a typical residential customer.

The State Corporation Commission can now accept, reject or modify the agreement.

Copyright 2021 Associated Press. All rights reserved.

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