SCC Approves Renewable Energy Portfolio Standard Plan for Dominion Energy Virginia

RICHMOND – The State Corporation Commission (SCC) approved the 2022 Renewable Energy Portfolio Standard (RPS) development plan for Dominion Energy Virginia for new solar, onshore wind, and energy storage resources. The company is required to submit an annual plan to the SCC to comply with the Virginia Clean Economy Act (VCEA).

For the limited purpose of filing its third annual RPS plan, the SCC found that Dominion’s plan is reasonable and prudent.

The SCC approved:

• Seven utility-scale solar generating facilities, totaling approximately 474 megawatts (MW) of capacity;
• A stand-alone energy storage resource, totaling approximately 15.7 MW;
• The costs for the above projects and related interconnection facilities;
• The costs of two distributed solar projects (including interconnection facilities), representing four distributed solar facilities totaling approximately 6 MW; and
• 13 Purchase Power Agreements for solar and energy storage resources, totaling approximately 270 MW of solar and 49 MW of storage.

The SCC also approved a revenue requirement of $89.154 million for the recovery of certain VCEA-related resources for the rate year of May 2023 through April 2024.

In its final order, the Commission stated, “… as discussed in prior RPS orders – [the SCC] is guided in these matters by the statutes and the record. The Commission has continued to exercise its delegated discretion in a manner that faithfully implements the VCEA’s carbon-reduction requirements, while best protecting consumers who expect and deserve reliable and affordable service.”

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Contact: Andy Farmer, 804-371-9141

Case Number PUR-2022-00124 – Application of Dominion Energy Virginia for approval of its 2022 RPS Plan

View Final Order