Details for Dominion Energy Services

Updated

NOTICE TO THE PUBLIC OF AN APPLICATION BY VIRGINIA ELECTRIC AND POWER COMPANY, FOR REVISION OF RATE ADJUSTMENT CLAUSE: RIDER GV, GREENSVILLE COUNTY POWER STATION CASE NO. PUR-2019-00086 Virginia Electric and Power Company d/b/a Dominion Energy Virginia ("Dominion") has applied for approval to revise its rate adjustment clause, Rider GV. Dominion requests a total revenue requirement of $136.855 million for its 2020 Rider GV. A Hearing Examiner appointed by the Commission will hear the case on November 7, 2019, at 10 a.m. Further information about this case is available on the State Corporation Commission's website at: http://www.scc.virginia.gov/case. On May 31, 2019, Virginia Electric and Power Company d/b/a Dominion Energy Virginia ("Dominion" or "Company"), pursuant to § 56-585.1 A 6 of the Code of Virginia, filed with the State Corporation Commission ("Commission") an annual update of the Company's rate adjustment clause, Rider GV ("Application"). Through its Application, the Company seeks to recover costs associated with the Greensville County Power Station ("Greensville County Project" or "Project"), a 1,588 megawatt nominal natural gas-fired combined-cycle electric generating facility and associated transmission interconnection facilities located in Greensville County, Virginia. In Case No. PUE-2015-00075, the Commission approved Dominion's construction and operation of the Greensville County Project and also approved a rate adjustment clause, designated Rider GV, for the Company to recover costs associated with the construction of the Project. The Greensville County Project began commercial operations in December 2018. In this proceeding, Dominion has asked the Commission to approve Rider GV for the rate year beginning April 1, 2020, and ending March 31, 2021 ("2020 Rate Year"). The two components of the proposed total revenue requirement for the 2020 Rate Year are the Projected Cost Recovery Factor and the Actual Cost True Up Factor. The Company is requesting a Projected Cost Recovery Factor revenue requirement of $136,997,000 and an Actual Cost True Up Factor revenue requirement of ($142,000). Thus, the Company is requesting a total revenue requirement of $136,855,000 for service rendered during the 2020 Rate Year. Dominion notes that it calculated this revenue requirement using an updated lead/lag study and requests that the issue be litigated in the Rider GV docket, rather than the Rider B, R, S, and W dockets filed simultaneously. For purposes of calculating the Projected Cost Recovery Factor in this case, Dominion utilized a rate of return on common equity ("ROE") of 10.75%, for which the Company has requested Commission approval in Case No. PUR-2019-00050. For purposes of calculating the Actual Cost True Up Factor, the Company utilized an ROE of 9.2% for the period of January 1, 2018, through December 31, 2018, as approved by the Commission in its November 29, 2017 Final Order in Case No. PUR-2017-00038. If the proposed Rider GV for the 2020 Rate Year is approved, the impact on customer bills would depend on the customer's rate schedule and usage. According to Dominion, implementation of its proposed Rider GV on April 1, 2020, would increase the bill of a residential customer using 1,000 kilowatt hours per month by approximately $0.41. The Company indicates it has calculated the proposed Rider GV rates in accordance with the same methodology as used for rates approved by the Commission in the most recent Rider GV proceeding, Case No. PUR-2018-00084, though certain parameters have changed because of competitive market conditions and the option for Large General Services customers to select a competitive service provider. Interested persons are encouraged to review the Application and supporting documents for the details of these and other proposals. TAKE NOTICE that the Commission may apportion revenues among customer classes and/or design rates in a manner differing from that shown in the Application and supporting documents and thus may adopt rates that differ from those appearing in the Company's Application and supporting documents. The Commission entered an Order for Notice and Hearing that, among other things, scheduled a public hearing on November 7, 2019, at 10 a.m., in the Commission's second floor courtroom located in the Tyler Building, 1300 East Main Street, Richmond, Virginia 23219, to receive testimony from members of the public and evidence related to the Application from the Company, any respondents, and the Commission's Staff. Any person desiring to testify as a public witness at this hearing should appear fifteen (15) minutes prior to the starting time of the hearing and contact the Commission's Bailiff. The Commission also granted Dominion's request to litigate any issues related to the Company's updated lead/lag study in this docket, Case No. PUR-2019-00086. The public version of the Company's Application, as well as the Commission's Order for Notice and Hearing, are available for public inspection during regular business hours at each of the Company's business offices in the Commonwealth of Virginia. Copies also may be obtained by submitting a written request to counsel for the Company, Lisa S. Booth, Esquire, Dominion Energy Services, Inc., 120 Tredegar Street, Richmond, Virginia 23219. If acceptable to the requesting party, the Company may provide the documents by electronic means. Copies of the public version of the Application and other documents filed in this case also are available for interested persons to review in the Commission's Document Control Center located on the first floor of the Tyler Building, 1300 East Main Street, Richmond, Virginia 23219, between the hours of 8:15 a.m. and 5 p.m., Monday through Friday, excluding holidays. Interested persons also may download unofficial copies from the Commission's website: http://www.scc.virginia.gov/case. On or before October 31, 2019, any interested person wishing to comment on the Company's Application shall file written comments on the Application with Joel H. Peck, Clerk, State Corporation Commission, c/o Document Control Center, P.O. Box 2118, Richmond, Virginia 23218-2118. Any interested person desiring to file comments electronically may do so on or before October 31, 2019, by following the instructions on the Commission's website: http://www.scc.virginia.gov/case. Compact discs or any other form of electronic storage medium may not be filed with the comments. All such comments shall refer to Case No. PUR-2019-00086. On or before August 30, 2019, any person or entity wishing to participate as a respondent in this proceeding may do so by filing a notice of participation. If not filed electronically, an original and fifteen (15) copies of the notice of participation shall be submitted to the Clerk of the Commission at the address above. A copy of the notice of participation as a respondent also must be sent to counsel for the Company at the address set forth above. Pursuant to Rule 5 VAC 5-20-80 B, Participation as a respondent, of the Commission's Rules of Practice and Procedure ("Rules of Practice"), any notice of participation shall set forth: (i) a precise statement of the interest of the respondent; (ii) a statement of the specific action sought to the extent then known; and (iii) the factual and legal basis for the action. Any organization, corporation, or government body participating as a respondent must be represented by counsel as required by Rule 5 VAC 5-20-30, Counsel, of the Rules of Practice. All filings shall refer to Case No. PUR-2019-00086. On or before September 25, 2019, each respondent may file with the Clerk of the Commission, and serve on the Commission's Staff, the Company, and all other respondents, any testimony and exhibits by which the respondent expects to establish its case, and each witness's testimony shall include a summary not to exceed one page. If not filed electronically, an original and fifteen (15) copies of such testimony and exhibits shall be submitted to the Clerk of the Commission at the address above. In all filings, respondents shall comply with the Commission's Rules of Practice, including 5 VAC 5-20-140, Filing and service, and 5 VAC 5-20-240, Prepared testimony and exhibits. All filings shall refer to Case No. PUR-2019-00086. All documents filed with the Office of the Clerk of the Commission in this docket may use both sides of the paper. In all other respects, all filings shall comply fully with the requirements of 5 VAC 5-20-150, Copies and format, of the Commission's Rules of Practice. The Commission's Rules of Practice may be viewed at http://www.scc.virginia.gov/case. A printed copy of the Commission's Rules of Practice and an official copy of the Commission's Order for Notice and Hearing in this proceeding may be obtained from the Clerk of the Commission at the address above. VIRGINIA ELECTRIC AND POWER COMPANY

1300 East Main Street, Charlottesville, VA 22902

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