Dominion Virginia Power customers and others who want to comment on the company’s proposed fuel rate increase may do so during a public hearing scheduled for 10 a.m. Tuesday, June 24, in Richmond.
Dominion has proposed to raise its fuel rate on July 1, which would boost bills by $16.61, or about 18 percent, for households using 1,000 kilowatt hours of electricity per month.
The "fuel factor" represents the company’s cost to buy fuel to run power plants and is passed directly to customers with no markup.
The State Corporation Commission will hold the hearing at its offices, and those who wish to make comments in writing must submit those by June 19. For more information, call 800-552-7945 or visit www.scc.virginia.gov/newsrel/e_dvpff_08.aspx.
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time to regulate the fuel industry
Perhaps Va. Power should get together with other power companies and lobby congress to regulate the oil and gas industry. Utility companies must apply for any increase in their rates. Gasoline has become so important to the day to day functioning of our economy it should be regulated as well. We need gas to get to and from work and to move goods and services in the same way that we need electricity and natural gas to provide power to homes and businesses. It would be interesting to see the utility companies band together and go after the oil companies. Maybe congress would wake up and actually do something to control the price gouging.