Table 5.6.A. xls format Electric Power Monthly

Table 5.6.A. Average Retail Price of Electricity to Ultimate Customers by End-Use Sector, by State, September 2009 and 2008
(Cents per kilowatthour)
Census Division
and State Residential Commercial1 Industrial1 Transportation[1] All Sectors
Sep-09 Sep-08 Sep-09 Sep-08 Sep-09 Sep-08 Sep-09 Sep-08 Sep-09 Sep-08
New England 17.68 18.14 15.23 15.63 13.3 13.25 7.06 22.83 15.63 16.08
Connecticut 20.31 20.26 16.65 16.53 14.72 14.13 9.9 -- 17.86 17.6
Maine 15.38 16.19 11.97 13.17 8.78 11.17 -- -- 12.19 13.48
Massachusetts 17.28 17.86 15.69 15.86 14.36 14.26 5.13 9.44 15.76 16.24
New Hampshire 16.07 16.27 13.86 14.83 12.54 13.82 -- -- 14.51 15.16
Rhode Island 16.14 18.13 14.13 15.17 13.55 13.74 -- -- 14.83 16.07
Vermont 15.36 15.16 13.04 12.77 9.43 9.07 -- -- 12.9 12.5
Middle Atlantic 16.22 16.28 14.09 14.93 8.42 8.65 12.62 14.82 13.76 14.14
New Jersey 16.79 17.12 14.48 15.96 12.29 12.1 16.5 19.1 15.1 15.93
New York 19.74 19.94 16.46 17.62 10.09 11.97 13.76 16.36 16.86 17.8
Pennsylvania 11.99 11.81 9.66 9.49 7.14 6.94 7.57 7.94 9.62 9.37
East North Central 11.44 10.92 9.14 9.03 6.59 6.64 9.65 8.9 9

check the rates of dominion compared to other states for the most part you are getting a very good deal. Look to the north if you think you are paying to much.

The question assumes that raising capital will be harder if DOM lowers rates. It also assumes their response is fact rather than opinion.

Dominion Power should have lowered their rates last winter when the price for energy dropped by 50%. They were still charging their customers at higher rates based on higher energy rates. When the energy prices dropped, they should have lowered their rates at that point instead of waiting for the government to step in and force them to. They only got in trouble because they got greedy and were trying to get approval to raise their prices again - even though they were still overcharging their customers.

They are not a reputable company - they are a bunch of thieves who would rob the public blind if the government were not watching over their shoulders.

Good businesses like Dominion Resources do what is necessary to operate in the black. In light of the current economic conditions, I believe DOM-R is doing what is best for their own fiscal health as well as ours. The government should stop trying to tinker with well oiled companies that provide us good service at a reasonable cost. There are no windfall profits here, just good business practices in hard times. This is a solid company not looking for a government handout; leave it alone!

This is why businesses don't run by popular opinion and government that do operate so poorly. If you don't provide a good return and can't interest investors, the whole business stagnates or degrades. There will be no ability to cover the expanding population. Of course then people will complain about "crumbling infrastructure" and "how could this have happened?"

While Dominion Power (DP) should be managing finances in such a way as to not overcharge its customers, raising capital is a necessary function of a successful business. By raising capital, DP can upgrade technologies which allows them to improve production of power, streamline services, and research alternatives. These efforts, if properly implemented, should result in a more efficient process that costs the customer less and a cleaner power producing process.