Dominion Seeks Rate Freeze Against Opposition on Many Fronts - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Dominion Seeks Rate Freeze Against Opposition on Many Fronts


RICHMOND, Va. (AP) - Virginia's biggest electric utility wants to weaken state oversight of its rates, saying the move will help protect its customers from possible steep increases in their electric bills brought on by federal efforts to curb carbon emissions.

Dominion Virginia Power is supporting a bill by Virginia Beach Republican Sen. Frank Wagner to freeze its base rate through 2020 by exempting the company from its biennial rate review by the State Corporation Commission.

Critics of the bill include the attorney general's office, some business groups and environmentalists. They say it hurts consumers and amounts to a giveaway to Dominion.

Proponents say the bill will help avoid the premature closing of several coal-powered plants and provide stable rates for consumers.

The bill is set for its first hearing Thursday morning.

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