RICHMOND—
The State Corporation Commission has approved a settlement that's expected to lower electric bills for
Dominion Virginia Power customers.The SCC said Thursday that total savings will be about $726 million. A residential customer using 1,000 kilowatt-hours of electricity will pay about $10 a month less than they've been paying under an interim rate increase that took effect in September.
In addition, customers will receive about $154 million in refunds.
Dominion had sought a base rate increase that would have raised a monthly bill to $116.27. The typical customer paid $108.36 under the interim rates, and the SCC action trims that to $99.07.
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