By Steve Haner
Citizens and groups who opposed the push to develop offshore wind under former President Joe Biden have now asked President Donald Trump to rescind even the wind projects already under construction.ย Dominion Energy Virginiaโs $10.7 billion project off Virginia Beach is among those they want to pause and possibly cancel. ย
The Thomas Jefferson Institute for Public Policy, an original opponent and continued skeptic of the Dominion project, did not sign the request, which you can read here.ย With the project close to halfway finished, according to the utility, the amount spent to date exceeds $6 billion and costs would continue even if pending supplier contracts were cancelled.ย Even a pause will add to costs.ย ย
At the time of Trumpโs executive order pausing permit reviews for future projects, many assumed projects already approved and underway would not be affected.ย That assumption is being tested. This could be very bad news for Dominionโs ratepayers, the reason for Thomas Jefferson Instituteโs reluctance to join the effort.ย ย
Under traditional rules for regulation of a monopoly provider like Dominion, the ratepayers could be on the hook for all those stranded costs. With the project cancelled it would be $6 billion for nothing.ย An independent look at the possible cost of closing the project is needed, probably from the State Corporation Commission.ย ย












