Virginia Headlines
AOBA Intervenes in Dominion Virginia Power Rate Case
The State Corporation Commission (SCC) is expected to approve a proposed Dominion Virginia Power fuel rate increase that will raise AOBA members' utility bills between 30 and 40 percent. At a public hearing June 24, SCC judges expressed concern for the impact of the steep rate hike, but noted that legislation passed in 2007 essentially allows the utility to recover 100 percent of fuel costs. AOBA did secure a concession from Virginia Power that it will not seek interest or carrying charges for deferred increases. AOBA members Akridge and Cafritz Company submitted testimony urging the SCC to seek legislation restoring its authority to conduct a holistic review of the company's rates.
