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AG: ENERGY LAW COSTS VA. POWER, APCO CUSTOMERS $1 BILLION-PLUS TOO MUCH
By PETER BACQUÉRichmond Times-Dispatch 11/29/2012The customers of Virginia’s two largest electric companies will pay over $1 billion more than necessary for new power plants and renewable energy programs under the state’s utility regulation law, according to a report by Attorney General Ken Cuccinelli. Bonuses, called “adders,” allowed by Virginia’s electric utility law cost customers of Dominion Virginia Power and Appalachian Power far too much for the benefits they produce, Cuccinelli said.