Tag: Dominion. RGGI
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SCC Staff Offers Grim Predictions on Virginia Clean Energy Law
by Steve Haner Dominion Energy is likely to miss its Virginia Clean Economy Act targets, and in a decade, the financial penalties of that law will begin to pile up on the company’s ratepayers, a State Corporation Commission (SCC) staff assessment has concluded. “…despite building 17.5 gigawatts (“GW”) of solar and 3.4 GW of wind,…
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Dominion Says VCEA Compliance Means Many New Nukes
By Steve Haner, If or when Dominion Energy Virginia complies with the Virginia Clean Economy Act (VCEA) and closes its hydrocarbon generation units, the best way to power Virginia will be a truly massive amount of new nuclear power. That comes from the latest iteration of Dominion’s ever-adjusting integrated resource plan (IRP), filed with the…
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RGGI Tax Appears on Dominion Bills in September
by Steve Haner In a polite but clear “the emperor has no clothes” message, a member of the State Corporation Commission has questioned the need to impose a carbon tax to cut carbon emissions from electric generation by 30%, when the General Assembly has passed another law requiring a 100% reduction with no tax. Judge…
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RGGI Carbon Tax Hits Dominion Bills Next Summer
By Steve Haner Beginning August 1 of next year, Dominion Energy Virginia proposes to begin to collect the Regional Greenhouse Gas Initiative carbon tax from its customers, collecting $168 million during the first year through yet another of those proliferating rate adjustment clauses (or “RACs”). It will get it by charging a flat $.002388 per…
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Energy “PIPP” Proposal Just the TIP of an Iceberg
By Steve Haner As the State Corporation Commission prepares to set up Virginia’s first electricity cost shifting program, using a tax on all electric bills to provide discounts to low-income customers, advocates are already pushing to expand and enrich it. An expert hired by an environmental group argues in testimony that the General Assembly erred…
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This is the Green New Deal Economy. Enjoy.
By Steve Haner If all else fails in achieving your green energy dreams, you can always hope for a depression. In Italy, the COVID-19 depression has already dropped electricity demand by about 18-21%, as reported recently by Utility Dive. The regional transmission organizations around the United States are seeing declines, as well, and I’ve been…
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DEQ Pushes Back on RGGI Costs; Meeting Set
Virginia’s Air Pollution Control Board will meet April 19 to consider the next regulatory step to limit CO2 emissions from Virginia electricity plants through membership in the Regional Greenhouse Gas Initiative. The agenda packet for the meeting, on-line here, contains more than 330 pages on the complicated issue, probably the best point counterpoint discussion on…
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Updates: IRP Amendments, Utility Tax Cuts
Dominion Files IRP Amendments, Cost Scenarios Requested by SCC Late last week Dominion Virginia Power filed a summary of amendments and additions to its rejected Integrated Resource Plan, along with a legal memorandum arguing with the SCC over what parts of the 2018 Ratepayer Bill Transformation Act are mandates. Dominion, of course, uses its name for…
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RGGI Debate Continues With New Comment Period
The clock is ticking toward a March 6 deadline if you are burning with a desire to comment on the latest version of Virginia’s proposed Regional Greenhouse Gas Initiative regulation. Perusing the hundreds of comments from the 2018 round of comments, there may not be much to add. If you liked the first version, you’ll…