Testimony: Dominion Virginia made well above fair profit

Dominion Energy Virginia
Posted at 8:26 PM, Sep 20, 2021
and last updated 2021-09-20 20:26:24-04

RICHMOND, Va. -- Virginia's State Corporation Commission staff has testified that Dominion Energy earned more than $1.1 billion above a fair profit from its in-state customers in four years.

The Richmond Times-Dispatch reports the staff testimony was filed in an ongoing review of the utility’s books.

However, because of several state laws friendly to the utility and its stockholders, its customers won’t be able to get nearly that much back in refunds as a result of Dominion’s ongoing triennial review by the commission.

The commission staff says that under current law, customers should get a refund of $312 million.

The CBS 6 Problem Solvers are Working For You.

Contact the CBS 6 Problem Solvers

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.