Utility Dive•8 days ago
Dominion seeks higher ROE, rate hike in South Carolina starting in July
Key Takeaway
Dominion's proposed rate hike and projected long-term demand growth signal rising electricity costs and significant future generation opportunities for IPPs in South Carolina.
AI Summary
- •Dominion Energy proposes a 12.7% residential rate hike in South Carolina, effective July, alongside a request for a higher Return on Equity (ROE).
- •The utility projects a consistent 1.2% annual electric demand growth in its service territory for the next two decades.
- •This signals a rising cost environment for large power consumers in South Carolina and potential opportunities for IPPs to meet future demand.
Topics
capacity-marketdatacenterinterconnectpolicyppa