As of September 29, 2026, Virginia regulators approved Dominion Energy’s plan to use securitization to recover fuel costs, allowing the utility to issue bonds backed by future customer payments rather than collecting the full amount through electricity bills immediately. [1] The approach is intended to spread costs over time and reduce the near-term impact on customers, while allowing Dominion to recover expenses associated with supplying electricity. However, securitization does not eliminate these costs, as customers will repay the bonds over time through their bills, including financing costs. The latest approval follows a similar securitization in 2023, raising concerns among regulators and consumer advocates about repeated deferrals and the cumulative burden on customers. The decision comes amid greater volatility in wholesale electricity prices and fuel expenses, particularly during extreme weather, highlighting the challenge of balancing reliable power supply with affordable electricity rates.
Street Address
City, State, Zip
Phone Number
Your Custom Text Here