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