DOMINION REQUEST DENIED

State regulators have rejected a request from Dominion Energy Virginia to increase its rate of return on equity. The State Corporation Commission announced late last week, that it had turned down the utility’s proposal to set the profit rate for shareholders at 10.75 percent. The commission instead approved a rate of 9.2 percent, which is unchanged… saying the 9.2 percent rate was “fair and reasonable” and “consistent with the public interest.” Clean Virginia, an advocacy group, along with Attorney General Mark Herring, Walmart, and the US Navy had all opposed the increase.