by Steve Haner
Governor Abigail Spanberger (D) has proposed that the General Assembly return to the misguided practice of dictating by law a utility profit margin, overturning a bipartisan reform approved just three years ago. It is no different than her effort to end the bipartisan reforms against political gerrymandering and again put politicians in charge of that. ย
ย A profit cap on Dominion Energy Virginia is one of several aggressive proposed amendments she has offeredย to theย complex billย dealing with a host of energy regulations. She,ย andย the Assemblyโs leading Democrats and Dominionย Energyย face a three-way collisionย at the Reconvened Sessionย thisย Wednesday.ย
Inย focus isย the most written aboutย energy proposal of the session, which started as an innocuous proposal on utility spending for energy efficiency upgrades. By the end of the session it had taken on additional baggage, supposedly destined to โlower power billsโ by shifting additional costs onto Virginiaโs new favorite scapegoat, the data center industry. ย
Itย was one of theย nine bills Jefferson Forum identified lastย monthย as likely to increase future ratepayer electric costs. Looking at the fate of the other eight, seven of themย Spanbergerย signedย and one is the subject ofย aย technical amendment. The likely higher costs are still coming. Nothing that passed this year is going to add major new power generation within Virginia (balcony solar panels are window dressing).ย ย















