Tag: Dominion
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Dominion Wind Price Jumps to $11.5B, Trump Blamed
Dominion Energy Virginia now expects its offshore wind facility, which has returned to full construction activity off the coast of Virginia Beach, will cost $11.5 billion. That is up about $365 million from the last report. It really wasn’t that long ago that Bacon’s Rebellion was aghast that the price had reached $8 billion. Oh,…
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A Chance to Lower Electric Bills the General Assembly is Ignoring
by Steve Haner Ignore what they say. Watch what they do. The Virginia General Assembly could cut the bills of Dominion Energy customers a bit, but instead will give the company another ten years to take your money and spend it on someone else (after skimming off its healthy profit). A ten-year program using money…
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“Free” Heat Pumps the Rest of Us Will Pay For
by Steve Haner A free heat pump for thousands of Virginians who are now using oil or propane to heat their homes, paid for by Virginia’s general population of electricity ratepayers. That is the goal of legislation that passed its first hurdle in a House of Delegate subcommittee Tuesday on a bipartisan vote. House Bill 2 is the…
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Dancing on the Watery Grave of CVOW
By Steve Haner, As it becomes clear that the 90-day pause of the Dominion Energy Virginia offshore wind project is probably its final death rattle, the folks who encouraged the Trump Administration to kill it are looking to shift the blame to outgoing Virginia Republican Governor Glenn Youngkin. One of the organizations that filed a…
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Dominion Describes Efforts to Limit Turbine Radar Interference
By Steve Haner Dominion Energy Virginia’s team building its offshore wind facility spent years working with the U.S. Navy and the air defense agency NORAD on ways to mitigate the problems that would be caused by the 836-foot-tall turbines, reaching several agreements, the utility has told a federal court. The company – meaning ultimately the…
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The Losers in Wind Project Fight are the Ratepayers
By Derrick Max President Trump’s decision to suspend Dominion Energy’s massive Coastal Virginia Offshore Wind (CVOW) project is sure to stir up another gale of political fights across the Commonwealth. While some will hail it as a triumph for fiscal and national security; others will see it as an assault on clean energy. Both sides are worthy of debate before such projects are ever approved but are now…
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PJM Capacity Prices Tick Even Higher Into 2028
by Steve Haner The regional electric grid operator that serves Virginia held another of its periodic auctions to secure sufficient supply for the future last week and the price went up again, slightly higher than in last summer’s auction. Even worse news, PJM Interconnection fell short of securing its target amount needed to guarantee reliability. PJM…
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FLASH: Trump Administration Stops CVOW Construction Work
by Steve Haner I was wondering why Dominion Energy had not issued its quarterly report on the progress of its Coastal Virginia Offshore Wind (CVOW) project, or why when down there earlier this month, watching with binoculars from a high hotel room, I could see no sign of any activity on the construction site. Now we…
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The SCC Decides: Dominion’s Rates and Profits Go Up, New Rules on Data Centers
by Steve Haner, The massive data centers behind a growing energy crunch in Virginia will begin to pay substantially more for electricity in Dominion Energy’s territory, but not until 2027. The State Corporation Commission’s (SCC) approval of a new rate structure for the largest users will probably only intensify debates about what is their “fair…
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Gas Approval Infuriates a Huge Donor to Democrats, Elates Another
by Steve Haner, The State Corporation Commission (SCC) was able to approve Dominion Energy Virginia’s application for a needed natural gas generation facility because the Virginia Clean Economy Act (VCEA) includes a safety valve. If energy reliability is threatened, the prohibitions on natural gas at the heart of that law can be waived. One of…
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IRP Part 2: Dominion Bill Projections Just Keep Exploding
By Steve Haner, Two years ago, Dominion Energy Virginia predicted that by 2035 a residential customer using 1,000 kilowatt hours of electricity would pay $174 per month. That represented a 50% increase over the first 15 years of compliance with the Virginia Clean Economy Act. The current bill, just five years into the age of VCEA, is…
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A Million Reasons to Worry Either Way the Election Goes
By Steve Haner Democrat Jay Jones and Republican Jason Miyares have now both accepted more than $1 million each in campaign contributions from major players in Virginia’s energy wars. The job they both seek, Attorney General of Virginia, includes a duty to stand firm on behalf of Virginia’s energy consumers against the elephants in the…
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SCC Staff Sees Need for More Gas Because Wind Will “Collapse”
by Steve Haner The staff of the State Corporation Commission (SCC) has concluded that Dominion Energy Virginia cannot meet the energy demands of our data- center based digital economy with renewable energy projects alone, and “does not oppose” adding natural gas. “It is unlikely, in Staff’s opinion, that renewable energy development alone will suffice to…
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Once Divided, Data Giants Now United on Dominion Rate Proposal
By Steve Haner Several of the technology giants that own data centers in Virginia and are planning many more have settled their internal dispute over Dominion Energy Virginia’s proposal about how to charge them for electricity. The document laying out their new favored compromise was being prepared just as Bacon’s Rebellion last week highlighted their…
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Two Virginia Wind Energy Grants Cancelled by Trump’s DOT
by Steve Haner President Donald Trump’s war on the offshore wind industry has finally reached Virginia with the cancellation of two U.S. Department of Transportation grants intended to help develop Hampton Roads as a hub for that now-endangered industry. The decision was announced Friday. There still has been no attempt, and not even any public…