Power Companies Fight For Legislation, With Customers Paying The Price
Across the country, electric utilities have worked the levers of power to win favorable treatment from state policymakers. This week, a Richmond Times-Dispatch and ProPublica investigation found that Dominion Energy, Virginia’s largest public utility, successfully lobbied to reshape a major climate bill to cover its massive offshore wind project. The move shifted risk from the company’s shareholders to its ratepayers. As a result of the legislation, a typical residential customer’s bill is projected to increase by nearly $30 per month over the next decade. Dominion says its wind project is necessary to meet the state’s new renewable energy goals. >click to read< 12:37
Leave a Reply