A state senator is proposing what sounds like a good deal for consumers – an 8-year freeze on rates charged by Virginia’s largest electric company.
Frank Wagner says he introduced the measure so Dominion Power wouldn’t pass the costs of meeting clean air requirements on to its customers, but Attorney General Mark Herring says the measure might actually deprive consumers of rebates. Mike Kelly speaks for the attorney general.
Regulating utilities in Virginia is a complicated job, and making sense of the rules requires expertise that few voters have, so it’s no surprise that citizens hoping to stop Dominion’s Atlantic Pipeline were alarmed by a bill that would change the way gas companies recoup their investment in pipelines.
Dominion wrapped up a dozen public open houses this week – events designed to explain a natural gas pipeline it hopes to build from the fracking fields of West Virginia to markets in Virginia and North Carolina.
The road to the Augusta Expo Center was lined with lawn signs – some reading Protect Our Water – No Pipeline, and No Pipeline on our Farms and Forests, while other signs promised Safe Energy, Energy Jobs and Energy Independence. Inside, however, there appeared to be consensus.