First published this morning by the Thomas Jefferson Institute for Public Policy.
A group of Nantucket Island, Massachusetts residents have filed suit challenging the pre-construction environmental review on a massive offshore wind complex planned off its shores. The issues raised may have a direct impact on the similar wind energy project planned off Virginia Beach, which is only now beginning its environmental impact process.
A loose coalition of offshore wind opponents is forming from North Carolina to New England to the Great Lakes to question or challenge the expanding list of proposed projects. The Thomas Jefferson Institute for Public Policy has affiliated with the coalition, with our concerns over Dominion Energy Virginia’s proposed 5,280 megawatt project basically economic.
One of the key organizers of the broad coalition and this Nantucket lawsuit, David Stevenson of the Caesar Rodney Institute in Delaware, will be speaking at the Virginia Energy Consumer Conference on September 16 outside Richmond. Thomas Jefferson Institute is one of the three sponsors. The full conference will be available through streaming. Continue reading →
In pursuit of its goal to achieve net-zero carbon-dioxide and methane emissions, Dominion Energy will transform its fleet of more than 8,600 vehicles across 16 states. After 2030, all new vehicles purchased, from passenger cars to heavy-duty vehicles, will be powered either by electricity or alternative fuels, the company announced today.
No word on how much the initiative will cost, or what impact there will be on Virginia ratepayers. Continue reading →
All customers of Dominion Energy Virginia and Appalachian Power in Virginia will begin soon to pay an extra monthly charge related to the coming Percentage of Income Payment Program, the General Assembly’s new electricity cost subsidy for low-income residential customers.
The PIPP was initially created in the 2020 Virginia Clean Economy Act and then revised with a bill in 2021, but just when then bill subsidies begin is still to be determined. The Department of Social Services, which will determine eligibility, still needs to devise the program. No start date is specified in the law. Continue reading →
As of late 2020, Dominion Energy Virginia had forgiven $206 million in unpaid electric bills for customers financially stressed by last year’s COVID-19 pandemic and recession. Those unpaid bills are not being covered by any of the billions in federal COVID emergency funding, nor are stockholders eating a loss.
We, the other Dominion customers, will pay them. As reported last year, this was decided by the Virginia General Assembly. How it happens is about to unfold.
The $206 million figure is prominently featured in Dominion’s initial filing in its pending triennial financial review by the State Corporation Commission, which actually covers a four-year period ending with 2020. The amount of bill relief is directly deducted from any calculation of excess profits, dollars which otherwise might justify rebates or even a rate cut.
This will be the first official review of the company’s cost of service and earnings since 2015, the hiatus being another little gift to the Dominion stockholders from legislators. It is a long and sordid tale how we got here, too often told. Thanks to a bipartisan fondness among legislators for accounting rules that favor Dominion, there may no way the SCC can order the company to pay rebates to us or cut our rates, excess profits notwithstanding. Continue reading →
Acting on its own initiative, the State Corporation Commission has established a docket to consider the coming application from Dominion Energy Virginia for its massive offshore wind proposal, the centerpiece of Virginia Democrats’ plan to save us all from catastrophic climate change.
Earlier this month, the utility started the federal review process with a notice of intent to prepare an environmental impact statement for the project. The clock on the first round of comments to the Bureau of Ocean Energy Management runs out August 2.
If Dominion builds all future planned phases, a full 5,200 megawatts, the sticker price is more than $17 billion, which with profit and financing costs will ding customers in total $37 billion over a few decades. Continue reading →
Offshore wind turbines are works of engineering beauty. Soaring as high as the Washington Monument, they are a magnificent sight to behold, as I saw for myself on an excursion Wednesday to view Dominion Energy’s two experimental wind turbines up close. The towers are also very expensive — not just the two pilot turbines, which no one pretended at $300 million for the pair would produce economical electricity, but the fully built-out wind farm with 180 turbines at a cost currently estimated at $7.8 billion.
If the only cost you consider is the expense of erecting a turbine itself, offshore wind can look competitive with solar and combined-cycle natural gas. Dominion officials estimate their wind turbines will generate electricity at a cost of 8 cents to 9 cents per kilowatt hour. That’s less than the average rate of $10.83 cents per kilowatt hour Dominion charges its customers.
But the turbines don’t generate electricity in a vacuum. They are part of an electrical-generating system. And you can’t build a system around turbines that generate electricity only when the wind blows. Dominion must build a major transmission line to plug into the grid and maintain backup power sources to kick in when the winds fall still. Continue reading →
Dominion Energy spent $300 million to erect the two wind turbines now standing about 27 miles off the Virginia coast, a sum that could never be justified by the 12 megawatts of generating capacity they add to the grid— enough to power only 3,000 homes. The real benefit will come later, when Dominion builds a proposed 180-turbine wind farm expected to generate 2,640 megawatts of capacity, enough to power up to 600,000 homes, at a projected cost of $7.8 billion.
Thanks to the data gathered from the two experimental turbines, Dominion officials say it will need 40 fewer of the multimillion-dollar turbines than it had originally anticipated, a savings of hundreds of millions of dollars. Also, from the experience of leasing an expensive, hard-to-book installation vessel, Dominion is investing $500 million, risking shareholders’ money not ratepayers’ money, which will serve other East Coast windfarm projects as well as Dominion’s at a lower cost than chartering a European vessel.
Company officials say they have learned other odds and ends from the experimental turbines that will inform their safety and environmental efforts going forward. Continue reading →
An image of Hala Alaya’s answer to a question on Clean Virginia’s candidate questionnaire, released by it in response to her breaking of that pledge.
by Steve Haner
Prince William Democrat Hala Ayala, who had pledged not to accept campaign contributions from Dominion Energy Virginia and took money instead from its opponents, has now accepted $100,000 from the regulated monopoly. Heads are exploding.
Del. Haya Ayala, D-Prince William
The anti-Dominion activist group Clean Virginia had given her $25,000 in her bid for the Democratic nomination for lieutenant governor. Now is has announced it will dump $125,000 into a last-ditch digital campaign to defeat her in the June 8 primary. Early voting in the primary has been underway for weeks, however. Early voters upset by this cannot call their ballots back.
Two Virginia Democrats who have been loyal soldiers in the army to turn Virginia green as well as blue are under attack in the June 8 primary for the sin of accepting campaign donations from Dominion Energy. It doesn’t matter to the attacker – our old friend Clean Virginia — that Dominion is moving in lockstep with the Democrats to undermine Virginia’s reliable generation mix and replace it with expensive and unreliable renewable power.
The House Democratic Caucus is responding by attacking the “dark money billionaires” who are going after their colleagues. Who? By that they would have to mean that same Clean Virginia, funded mainly by the personal fortune of hedge fund mogul Michael Bills and his wife. The same two people who did more than anybody to give Democrats that majority in the first place.
More proof, in case you needed it, that it is not your enemies you need to watch in politics but your friends. The Democrats started to lose their grip on this state 20-30 years ago because in their lust for power they fell out among themselves, and here we go again. Bring popcorn.
The basics: Delegates Steve Heretick, D-Portsmouth and Candi Mundon King, D-Prince William, face primary challengers. The primary challengers have received major funding from something new called Commonwealth Forward PAC. But as The Virginia Star reported this morning, its money actually comes from Bills and Clean Virginia. Continue reading →
Source: “Electricity Sales Forecast for Virginia: 2020-2050”
Boom times ahead for electricity. Electricity demand in Virginia will grow 30%, give or take, over the next 15 years as more energy-consuming data centers are built and more Virginians drive electric vehicles, writes Bill Shobe, a University of Virginia professor who supports the transition to a net-zero-carbon electric grid, in a new report. Electricity use could grow by more than 78% by 2050, the state’s deadline for achieving net zero. The increase will occur despite gains in energy efficiency that have flattened electricity demand growth in recent years.
Where will all that power come from?
Relicensing the nukes. Dominion Energy’s four nuclear units at the Surry and North Anna power stations produce about one-third of the utility’s electricity. The units, originally designed to last 40 years, are licensed to operate another 20 years. Dominion is seeking regulatory approval to extend the licenses yet another 20 years. The Nuclear Regulatory Commission staff has recommended granting that approval for the two Surry units. But some environmentalists are opposed. Continue reading →
Virginia has collected its first wave of carbon taxes from the state’s electricity generators, costs which will eventually show up on future bills. The $43.6 million take just about doubles the revenue estimates used when participation in the Regional Greenhouse Gas Initiative was being approved by the Virginia General Assembly last year. Surprise! Continue reading →
Thousands have Virginians have fallen behind on their electric bill payments as they struggle through the COVID-19 epidemic. The General Assembly wants to help. So, in the budget compromise reached by the House of Delegates and the state Senate, Dominion Energy will be directed to forgive customers’ unpaid balances that were more than 30 days in arrears as of Dec. 31, 2020.
Who will pay for this? Not the Commonwealth of Virginia. The state may be awash in $2.4 billion in federal COVID relief funds plus $410 million in tax revenue over forecasts this year, but, no, legislators want to spend every dime.
And not Dominion Energy. The budget bill reaffirms the utility’s right to use the bill-forgiveness costs to offset earnings from 2017 to 2020 in the State Corporation Commission’s next review of its profits, reports The Virginia Mercury.
You, dear ratepayer, will pay the cost (unless you’re one of those who have fallen behind in your payments). With apologies to Jerry Reed, the politicians get the gold mine, and Virginia’s middle class gets the shaft. Continue reading →
Dominion Energy Virginia’s effort to force its ratepayers to finance a fleet of electric school buses has finally crashed, defeated by the House of Delegates for a third time in the final roll call of the 2021 General Assembly Saturday night. Continue reading →
Yesterday I highlighted a study by University of Virginia professor Bill Shobe purporting to show how Virginia can achieve a “zero carbon” economy by 2050. A key element for eliminating greenhouse gas emissions was re-licensing Virginia’s four nuclear power units — two at the North Anna power station and two at the Surry station — to provide reliable base-line capacity to offset the effects of intermittent power production from solar panels and wind turbines.
We cannot take it for granted, however, that Dominion Energy will win renewal of those licenses. The licenses for North Anna Units 1 and 2 expire in 2038 and 2040, at which time they will be 60 years old. Dominion would like to continue operating them for an additional 20 years. Foes of nuclear power hope to derail the renewal of the licenses for North Anna, which, located above a geologic fault line, shut down temporarily after a 2011 earthquake measuring 5.8 on the Richter scale.
Beyond Nuclear, the Sierra Club and the Alliance for a Progressive Virginia are seeking a formal hearing before an Atomic Safety and Licensing Board panel, according to The Central Virginian. The environmental groups say that because a new nuclear reactor at North Anna would have to meet a higher standard for withstanding an earthquake, an upgrade might be warranted for the two existingunits also.Continue reading →
The General Assembly session deadlines require final decisions on various revenue bills before the final budget bill is adopted, in theory keeping the two issues separate. What is good tax policy should not be driven by the need or greed of the appropriators. Continue reading →
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