The case against a Dominion rate hike

Posted 7/30/20

Do you think Dominion Energy deserves a rate hike 18 months after it bought SC Electric & Gas?

Do you think the often brainless Public Service Commission should give them a rate hike when …

This item is available in full to subscribers.

Subscribe to continue reading. Already a subscriber? Sign in

Get 50% of all subscriptions for a limited time. Subscribe today.

You can cancel anytime.
 

Please log in to continue

Log in

The case against a Dominion rate hike

Posted

Do you think Dominion Energy deserves a rate hike 18 months after it bought SC Electric & Gas?

Do you think the often brainless Public Service Commission should give them a rate hike when they already charge us among the highest electric rates in the country?

Of course not.

Many readers of this little newspaper have been abused enough by the charlatans who ran SCE&G and its Lexington County-based SCANA owners.

But that’s what Dominion is preparing to do next month.

There is good news. We found in information from the US Attorney’s office that Dominion has agreed to repay ratepayers $4 billion. We don’t know yet when or how it will be done.

We do know that our state lawmakers thought they were doing the right thing when they told the PSC to require Dominion to cut rates $15.

That may have reduced many home owners’ bills as much as $30 a month or $360 a year.

Figuring the $2 billion SCE&G over-charged 725,000 ratepayers for a failed nuclear plant, the average home owner probably lost about $2,800. At $360 a year per home owner, we need to keep that 15% rate cut in place for at least 6 more years.

Sierra Club attorney Bob Guild fought the SCE&G rate hikes. He said he expects Dominion to be a stronger adversary before the PSC than SCE&G. He said a rate hike during the covid-19 business closings will be hard for many outof-work people to afford.

“The company knows this is going to be an extraordinarily unpopular hit on electric consumers, particularly under the economic depression and conditions of a pandemic,” Guild said.

“They are sensitive and aware it’s going to be a major bloodbath to get through this.”

Let’s make sure it is. If you are a ratepayer, you can’t tell the PSC to do anything ... but your state lawmakers can.

Ask your representatives to tell the PSC no hikes now.

We welcome your thinking on this challenging subject. Please write JerryBellune@yahoo.com

Comments

No comments on this item Please log in to comment by clicking here