
By Steve Haner
You will be shocked to learn that we customers of Dominion Energy Virginia did not pay it enough money in 2019. The shareholders did not get the profit margin they were due, the utility reported to the State Corporation Commission, which subsequently reported it to us on August 18.

Weโve entered the realm of energy comedy. The utility accounting process now mirrors the famous movie โThe Producers,โ with the goal being to book little or no actual profit so high rates can be maintained or even made higher. There is honest accounting, show-biz accounting, but for real whiz bang results there is utility accounting.
The SCCโs annual report to the General Assembly on utility accounting, now including projections of future rate costs, normally comes out closer to September. I was tipped to expect it early by a Dominion big wig, which should have told me it was a report they wanted publicized. This is Dominion playing the long game, preparing for the 2021 showdown on its rates and profits in a formal SCC audit and rate case.
The rules for this long game have been rigged in the utilityโs favor over several years by a compliant General Assembly. This is not news to Baconโs Rebellion readers. But here we go again.ย (more…)














By Dick Hall-Sizemore
