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Va electric bills up since deregulation ended

Friday - 11/23/2012, 7:14am  ET

STAUNTON, Va. - A report by the State Corporation Commission says electric bills in Virginia have increased since the state ended utility deregulation five years ago.

The News-Leader ( http://bit.ly/Wn7s3C) reports much of the increase involves fuel and transmission costs and those for new generating plants that are typically passed on to consumers.

The commission has approved about $1.3 billion of additional revenue since 2007 for Dominion Virginia Power. A residential customer using 1,000 kilowatt-hours of electricity each month has seen bills rise 18 percent, or $16.63, in the past five years to $107.23.

The commission says average bills for customers of Shenandoah Valley Electric Cooperative have fallen 5 percent since 2007, while bills for BARC Electric Cooperative customers have risen slightly.

The commission's review was ordered by the Legislature.

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Information from: The Daily News Leader, http://www.newsleader.com


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)