August 24, 2022 — A ratepayer protection that state regulators included in a recent order approving Dominion Energy Virginia’s application to build and recover the costs of a massive offshore wind farm will force the utility to scrap the project, Dominion said in a filing this week.
The State Corporation Commission granted approval this month for the 176-turbine, multibillion-dollar project off Virginia Beach. Dominion immediately raised concerns about the commission’s inclusion of a performance guarantee for the wind farm and in a petition Monday asked the regulators to reconsider that element of their order.
Dominion “shares the Commission’s concern, as expressed in the Final Order, that the Project be constructed and operated in a way that reasonably mitigates risk for its customers. The Commission’s unprecedented imposition of an involuntary performance guarantee condition on its approvals, however, is untenable,” the filing said. “As ordered, it will prevent the Project from moving forward, and the Company will be forced to terminate all development and construction activities.”