FOR IMMEDIATE RELEASE
Cassady Craighill, Clean Virginia Communications and Advocacy Director
August 18, 2020
BREAKING: Dominion Energy overcharged Virginians by $502.7 million since 2017
Legislative reform urgently needed during special session to respond to economic crisis and protect Virginia families and small businesses in 2021
Charlottesville — The State Corporation Commission (SCC) found that according to Dominion Energy’s own accounting, the monopoly has overcharged its customers by $502.7 million since 2017 — money collected from customers in excess of the monopoly’s authorized profit level, according to an annual report released today. Unless the General Assembly passes legislative reform during the special session, which begins today, the SCC will not have the full authority to refund this money to customers or lower base rates to prevent overcharges in the future.
“Virginians – particularly Black and Brown households – were already struggling with high energy burdens and rising electricity bills before the COVID-19 crisis and economic fallout. Lawmakers can easily soften the blow for families and small businesses by requiring Dominion Energy to shoulder its fair share of COVID-related utility debt from the half a billion dollars it has already taken from Virginians and return the rest of it to the people and businesses they overcharged,” said Clean Virginia Executive Director Brennan Gilmore.
The report’s findings include:
“The General Assembly must act immediately to protect Virginians, who especially during this economic crisis, simply cannot afford unfairly high electricity bills. Dominion has shown once again that it will employ every accounting trick possible to make the money it owes Virginians disappear,” Gilmore said. “In the face of an unprecedented economic and public health crisis, Virginians need a fair process determining the cost of their electricity bills more than ever. The General Assembly now has a singular chance to right the historic wrong of Dominion’s egregious overcharges and provide immediate relief for Virginians. This cannot wait.”