Parker Michels-Boyce

Dominion Energy requested the State Corporation Commission to recover an additional $922 million in fuel costs, citing extreme power demands and national gas price rises. The company proposes securitizing these unrecovered funds over 7 to 10 years, reducing the estimated monthly increase from $21 to about $8. Environmental advocates criticized this request, stating that Dominion has a history of underestimating its fuel costs and requiring new long-term financial arrangements.