Category: Utilities
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PJM Probably Reached Record Demand Thursday
by Steve Haner A proprietary energy industry newsletter shared with Bacon’s Rebellion reports that the PJM Interconnection regional electricity grid probably set a summer record for demand on Thursday, July 2. The old peak of 165,563 megawatts in the 13-state region was seen in 2006. The system maintained its service by activating demand reduction programs forcing…
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Spanberger, Assembly Pass on Meddling With Dominion Sale
by Steve Haner The most important energy outcome of recent legislative wrestling over Virginia’s energy-focused state budget is what it didn’t include. Governor Abigail Spanberger (D) and the legislators did not meddle with the plan for Florida’s NextEra Energy to acquire Dominion Energy. The application for that transaction (it is not a merger, but…
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Thanks to Heat Wave, RGGI Will Bite Fast and Hard
by Steve Haner There is some irony in how Virginia will reenter the Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme on Wednesday just as a long and deep heatwave begins. It is safe to predict that every RGGI-covered coal and natural gas generation plant in the state will be running full tilt until next…
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Coop Customers (But Not NOVEC) May Now Get RGGI Rebates
by Steve Haner Governor Abigail Spanberger’s proposed amendment to the Regional Greenhouse Gas Initiative rebate system will give most but not all residential customers of Virginia’s rural electric cooperatives a shot at some cash back. The Northern Virginia Electric Cooperative is still in the RGGI wilderness. The feeding frenzy over the RGGI carbon tax dollars,…
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Assembly To Data Centers: “Here’s Your Hat, There’s the Door”
by Steve Haner The energy regulatory provisions buried in the final conference report on Virginia’s 2026-2028 budget, approved by the General Assembly Monday, are as complex and detailed as any of the energy bills reviewed earlier during the regular session. They are also just as damaging. The data center industry was a particular target. The…
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RGGI Rebates for Some Ordered in New Budget Language
The pending conference report on adopting a new Virginia state budget includes a process to rebate the cost of the Regional Greenhouse Gas Initiative’s carbon tax, but only to smaller customers and only if their utility is charging them for it directly. Larger energy users, especially the largest industrial, commercial and data customers, will still…
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Data Centers Will Pay Same Tax on Solar Power as on Coal
by Steve Haner The new energy tax being imposed on Virginia’s data center industry effective July 1, assuming the new state budget conference report passes next week, is totally ecumenical. The same tax is imposed on electrons from a solar panel or wind turbine as is imposed on electrons from coal. A data center that…
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Spanberger Administration Wants Your Energy Input
The Spanberger Administration is preparing to draft the state energy policy required by law and has created a public survey form to seek your individual or corporate input. You will find the survey form here. It is five pages, with not a lot of depth, but there are plenty of open panels to provide comments on…
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Why NextEra Wants to Buy Dominion, What it Gets
by Steve Haner Dominion Energy Virginia and NextEra Energy are expected to file the necessary Virginia application for the sale of Dominion to the Florida company soon, probably in early July. Under present Virginia law, the State Corporation Commission will have six months to say yea or nay. Readers should first understand this is an…
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Rebating Spanberger’s RGGI Tax Won’t Erase RGGI’s Cost Impact
by Steve Haner Virginia’s return to the Regional Greenhouse Gas Initiative (RGGI) will produce such an explosion of new tax revenue and will cause such major increases in consumer electricity costs, a political feeding frenzy is beginning to erupt over the money. A legislative study panel heavily controlled by Democrats who voted for Virginia’s return to RGGI…
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RGGI Will Cost Typical Dominion Customer $13 More Per Month
By Steve Haner, Dominion Energy Virginia is proposing to delay until March 2027 to bill its customers for the Regional Greenhouse Gas Initiative (RGGI) carbon allowances it must buy starting July 1. When the cost hits, however, it could be $13 a month or $156 per year for a typical residential customer. The final decision…
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With Tax Now $35 Per Ton, Are RGGI Rebates on the Way?
by Steve Haner The Regional Greenhouse Gas Initiative (RGGI) held its second 2026 carbon allowance auction last week and the bidding cleared at $35 per ton, the group announced Friday. That price was a 40 percent increase over the $25 per ton set for the carbon tax just three months earlier and was 78 percent higher…
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Gas Plant Approval’s Appeal Tests VCEA, Environmental Justice Law
by Steve Haner The ongoing fight over the future of natural gas power generation in Virginia has now moved to the Virginia Supreme Court, with environmental activists asking that court to reverse the State Corporation Commission’s (SCC) decision from six months ago approving a new gas project in Chesterfield County. The National Association for…
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Will Dominion Sale Solve Virginia’s Growing Energy Challenges?
by Steve Haner Assuming Dominion Energy Virginia is indeed absorbed into an expanded NextEra Energy, the more things change the more they may stay the same. The average consumer might see no real difference in their service or their cost. This step was probably inevitable. Credit (or blame) the massive electricity demand growth facing Virginia,…
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Assembly and Spanberger Made Zero Progress on Virginia Energy Challenges
by Steve Haner In advance of the 2025 election, the Jefferson Forum outlined in this June commentary the energy challenges facing Virginia. New Governor Abigail Spanberger (D) and the General Assembly have now concluded work on the 2026 energy legislation and Virginia has made zero progress – and may be losing ground. Ignore the political posturing coming…