Comment
0
Tweet
0
Print
RSS Feeds

SCC approves Dominion fuel rate increase

Thursday - 6/27/2013, 8:10pm  ET

RICHMOND, Va. (AP) -- Dominion Virginia Power customers will pay more starting July 1.

The State Corporation Commission said Thursday that it has approved a new fuel rate requested by Virginia's largest utility. The SCC says the monthly bill for a residential customer using 1,000 kilowatt-hours of electricity will increase by about $2.36, or about 2.2 percent.

The fuel rate is the portion of the electric bill that pays for the cost of fuel used to generate electricity. Dominion is authorized by law to a dollar-for-dollar recovery but is not allowed to make a profit on the recovery of fuel expenses.

Dominion has about 2.3 million customers in Virginia.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.