September 22, 2022 — Last month, Dominion Energy asked the State Corporation Commission to reconsider a performance guarantee it attached to the utility’s proposed offshore wind project. The SCC agreed to revisit the matter and opened a response period — which garnered 13 responses from various groups.
Environmental nonprofit Clean Virginia is among the groups arguing that consumer protection is reasonable.
“It is the regulator’s job to balance monopoly profit motives by adopting common and reasonable standards that will protect Virginians,” Laura Gonzalez, Clean Virginia’s Energy Policy Manager said in a statement.
The organization’s filed response noted that projected profit from the wind project is more than enough to cover potential costs. The performance guarantee — which Dominion is asking regulators to reconsider — is meant to protect consumers from potentially absorbing additional costs if the turbines fail to perform as expected.