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Dominion Energy Inc.

09/30/2020 | Press release | Distributed by Public on 09/30/2020 14:21

Dominion Energy West Virginia Files Required Regulatory Review of Gas Rates

- Rate change supports continued investment in safe, reliable and efficient service for DEWV's 111,000 customers

Clarksburg, W.Va. (Sep. 30, 2020) - Dominion Energy West Virginia (DEWV) filed an application today with the Public Service Commission requesting an increase to its base rates for natural gas service. In its 2018 pipeline replacement and expansion program (PREP) case, DEWV committed to filing a base rate case in 2020.

'For generations, DEWV customers have depended on us to provide affordable, safe and reliable natural gas service to their homes and businesses,' said Jim Eck, Vice President & General Manager, West Virginia Distribution. 'We do not take this responsibility lightly and this adjustment to our base rate is key to our continued ability to deliver on this commitment and expectation.'

If the base rate increase is approved, the monthly bill for a typical residential customer who uses on average, 6.5 mcf per month, would increase by $8.58. The $12.17 gross monthly bill increase reflected in the filing is due to the partial offset and simultaneous change in the PREP rate, the other main component of customers' monthly bills. It is expected that the commission will suspend the new rates by procedural order and thus new base rates would be effective in July 2021.

Since the last rate review, the company has made significant investments in assets and operating resources to serve an expanding customer base; maintain the safety, reliability and efficiency of its system; and meet increasingly stringent reliability, security and environmental requirements. Approximately one third of the base rate increase relates to DEWV's recent acquisition of natural gas gathering pipeline facilities in order to preserve and improve reliable natural gas service to nearly 10,000 of its existing farm tap customers - an acquisition previously approved by the Public Service Commission in May 2020. The proposed base rate adjustment is consistent with increases that other West Virginia gas utilities have experienced over the last decade. Natural gas continues to be an affordable energy option for West Virginians.

'This rate change reflects wise and prudent investments DEWV has made over the last decade while looking to the future as we sustain our legacy of service in the Mountain State,' Eck said.

Per requirements of the Public Service Commission of West Virginia, Dominion Energy has noticed its rate case filing in local newspapers, issued the standard Tariff 8 Form, provided information directly to customers through bill inserts and included FAQs on the company website at: https://www.dominionenergy.com/west-virginia/rates-and-tariffs.

About Dominion Energy
More than 7 million customers in 20 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.com to learn more.

For further information: Neil Durbin, (216) 780-0172, email: [email protected]minionenergy.com