RICHMOND — The State Corporation Commission (SCC) has approved a request by Dominion Virginia Power to construct and operate a 1,358 megawatt natural gas-fired power plant in Brunswick County. The SCC also approved a rate surcharge (Rider BW) effective September 1, to allow for timely recovery of project costs.
In approving the project, the Commission found that the company had, “established a need for the additional capacity and energy.” In satisfying the applicable statutory requirements, the Commission determined that “the facts supporting this finding include, but are not limited to, the reasonableness, prudence, and benefits associated with the chosen technology, fuel source, cost, fixed-price contracts, locations, natural gas pipeline expansion, economic development, tax revenues, and the company’s resulting fuel diversity.”
The estimated construction cost is approximately $1.27 billion, excluding financing costs. The rate rider is designed to produce $43.485 million over 12 months. The rider is subject to annual review and adjustments. The estimated initial impact of Rider BW is 81 cents on a typical monthly residential customer bill for using approximately 1,000 kilowatt-hours of electricity.
Case Number PUE-2012-00128
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