November 2008 - The Virginia State Corporation Commission approved voluntary renewable energy options for customers of Dominion Virginia Power and the Appalachian Power Company, a subsidiary of American Electric Power. Customers of both utilities will now have an option to buy renewable energy certificates (RECs) to cover either a portion or the total amount of electricity that they consume.
Dominion customers will have the option to purchase an amount of renewable energy equivalent to their entire monthly electricity consumption, or to purchase renewable energy in 133 kWh blocks at a cost of 1.5¢/kWh above the standard rate, or $2.00 per block. Similarly, Appalachian Power customers will be able to utilize the 100% option or choose instead to buy 100 kWh. The two utilities will purchase renewable energy certificates (RECs) from a variety of renewable energy resources. Included among the sources used to supply its program, Appalachian Power will purchase RECs from the Summersville hydroelectric plant in West Virginia.
The Commission also found that the two utilities failed to meet Virginia’s statutory definition for a 100% renewable energy offering. Under Virginia law, the finding means that competitive electric suppliers can continue to offer renewable energy in the state.
News Release — SCC Approves Renewable Energy Options for Dominion Virginia Power and Appalachian Power
News Release — 3Degrees Partners With Dominion Virginia Power To Launch New Utility Green Pricing Program
Virginia SCC Contact: Ken Schrad, 804-371-9141
June 2008 - Dominion Virginia Power, a subsidiary of Dominion, asked the Virginia State Corporation Commission (SCC) for permission to offer its customers two new options to purchase renewable energy. Pending SCC approval, residential and business customers would be able to purchase renewable energy starting in January 2009 through their monthly bills in two ways.
The first option to purchase renewable energy would allow customers to offset 100% of their electrical usage with electricity generated from renewable energy sources. Payments under this option would be calculated each month based on customers' electrical usage. Under the second option, customers would be able to purchase smaller increments of renewable energy each month (e.g., 100 kWh), allowing their monthly premium for the renewable energy to be a fixed dollar amount of their choosing.
Under both options, Dominion would purchase renewable energy certificates (RECs) in order to provide customers a means of directly supporting production of renewable energy. The RECs would be procured from renewable energy sources, such as wind, biomass, geothermal, and hydro-electric resources.
News Release - Dominion Seeks SCC Permission to Offer New Renewable Energy Options
Dominion Virginia Power Contact: David Botkins, (804) 771-6115