A new report came out yesterday confirming what people all across Virginia already know: Dominion Energy has stacked the deck against consumers. And the General Assembly happily passed the laws (written by Dominion lobbyists) that now prevent us from getting a fair shake.
The State Corporation Commission (SCC) found that in 2018 Dominion Energy pocketed $277.3 million in overearnings — money collected from customers in excess of the monopoly’s allowed profit level — according to a report released today. Due to legislation backed by Dominion lobbyists in 2015 and 2018, the SCC cannot compel the monopoly utility to refund this money to customers or lower base rates to prevent overearnings in the future. The SCC’s report also found that household customers’ bills will increase by $32.60 a month in the next four years.
“Virginians are already overburdened by their energy bills and this report shows why — Dominion overcharged consumers in Virginia by $277.3 million last year and a whopping $1.3 billion since 2015. Given that one in ten evictions in Virginia are for delinquencies under $340, it is clear our energy bills play a part in this yet Dominion wants to increase its profit levels and our monthly bills even more,” Gilmore said. “This latest attempt to increase its rate of return is a greedy money grab by Dominion that has nothing to do with energy investments that would improve the lives of Virginians struggling to pay high energy bills.”
How does Dominion get away with this, year after year? One reason is clear: they donate millions of dollars to political campaigns. My opponent, for example, has taken more than $31,000 from Dominion Energy (and another $20,000+ from Appalachian Energy).
We deserve elected officials who will fight for our communities, not simply vote for laws that benefit corporations who write the biggest check.
Our campaign has publicly pledged not to take any contributions from publicly-regulated utilities like Dominion Energy and Appalachian Energy. That means we rely on individual people like you to help us raise the necessary fund for campaign essentials: like yard signs, postcards and postage, and a living wage for our small campaign staff.
I'll be out knocking doors in Franklin County all today and tomorrow, reaching rural voters at their doors in areas that have been ignored for far too long. Your support allows me to get out there, and I appreciate it.
With much gratitude,
PS -- Thank you to everyone who participated in our donation matching challenge last week. We raised just over $600 in three days, $500 of which will be doubled by a generous donor. Woot!