Dominion Energy requests to raise prices, what this could cost you - Cleveland 19 News
Dominion Energy requests to raise prices, what this could cost you
CLEVELAND, Ohio (WOIO) - Dominion Energy has filed a request to raise prices in 2025 and beyond. The Ohio Consumers’ Counsel says the request is for a 30% hike.
The request, which was filed with the PUCO on October 31, 2023, could see annual bill increases of around $100 for natural gas customers. According to the Ohio Consumers’ Counsel, Dominion is also asking for “add-on monthly charges (riders) of $8.78 per month this year, increasing to as much as $29.69 per month in 2032″.
Dominion Energy would need to get this hike approved by the Public Utilities Commission of Ohio (PUCO). According to Ohio Consumers’ Commission Public Affairs Liaison J.P. Blackwood, that decision is going to be done by the PUCO looking at how much it costs for Dominion Energy to operate, to ensure they aren’t over charging.
Customers of Dominion Energy can file an online comment for the PUCO to look at while evaluating at the link here.
Dominion Energy says that this price hike would be the first in 16 years, and is needed due to rising costs:
“During that time, Dominion Energy Ohio has invested more than $4 billion in its system infrastructure, of which roughly $1 billion has yet to be recovered in natural gas distribution rates. This investment in infrastructure, which includes replacement of pipelines, meters, and other operational assets, has increased our property taxes and other expenses as well. In addition, since our last rate case was filed in 2007, operating and maintenance costs, such as labor, material, and construction expenses, have risen substantially,” Dominion Energy said, “We made a commitment in 2020 to file a natural gas distribution rate case to reflect our costs to deliver gas to customers and to recover the costs associated with operating and maintaining our equipment that allows us to provide service to customers in a safe manner that is reliable, efficient, and environmentally responsible”.
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