Dominion Energy Virginia made $277 million in excess profits last year, according to a just-released State Corporation Commission report. Instead of returning the excess earnings to rate payers, the utility will apply those funds toward construction of a demonstration wind-turbine project off the coast of Virginia Beach and upgrades to smart meters in concert with its sweeping overhaul of the electric grid.
Normally, Steve would write about the latest report about Dominion over-earnings, but he’s on vacation. And I’ll be out of the office all day. So, I’ll just throw open the topic to general discussion in the comments.