Critics challenge Dominion benefit claims

Why did company wait to pay its ratepayers?

Jerry Bellune
Posted 2/14/19

Dominion is telling its new customers here what a great deal they are giving them.

But the utility’s critics say there’s another side to the story they’re telling.

Dominion, which …

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Critics challenge Dominion benefit claims

Why did company wait to pay its ratepayers?

Posted

Dominion is telling its new customers here what a great deal they are giving them.

But the utility’s critics say there’s another side to the story they’re telling.

Dominion, which late last year finished buying Lexington County-based SCANA, listed these benefits:

• Residential electric customers’ bills for 1,000 kilowatt-hours a month will fall from $125.34 to $124.91.

• Natural gas customers will get $2.45 million in bill credits over 3 years for an average of $1.07 in 2019, 2020 and 2021.

The 2019 credit is in February bills. The 2020 and 2021 credits will be in each January bills.

The federal tax reform savings are $31.7 million less that state officials estimated they should be.

“If the rate impacts that Dominion is advertising are so great and something they are proud of,” said Tom Clements of the Friends of the Earth, “I challenge the company to list a ‘nuclear reactor construction’ line item on the monthly bill for as long as we’ll be paying for the abandoned project – about 3% of the bill for 20 years.

“The Public Service Commission unfortunately failed to require this, but the company can do it on its own.

“Georgia Power customers have such a line item on their bill – showing payment for the Vogtle reactor construction project – and we deserve no less here in South Carolina.”

Critics say that although Dominion has essentiality been running SCE&G since CEO Kevin Marsh retired under pressure last year, Dominion has waited until now to share its tax savings.

Georgia Power and Duke Energy voluntarily and quickly shared their tax refunds with ratepayers, SC Small Business Chamber CEO Frank Knapp, Jr. said.

“Dominion tried to delay using the tax refunds to help its Virginia customers but was forced by the regulators to pass on the refunds.”

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