WebDec 17, 2024 · The 2024 Grid Transformation and Security Act established a mechanism which allows utilities to offset costs for future projects by tapping into over-earnings. … WebMar 31, 2024 · Triennial review process part of customer-focused regulatory framework ... That $26 million is proposed for reinvestment in renewable generation, as part of the Customer Credit Reinvestment Offset ("CCRO") mechanism defined by Virginia law, if … • Company picks up 25,000th customer appliance for recycling CAYCE, S.C. …
Dominion Energy Announces Third-Quarter 2024 Earnings
WebApr 9, 2024 · Dominion consultant John Reed describes this tool — called a customer credit reinvestment offset, or CCRO — as “akin to using money in the bank to pay cash up front for a home or a car rather than choosing to finance that purchase over time through a mortgage or car loan.” But the mechanism has been controversial since its inception ... WebOct 18, 2024 · The agreement also stipulates the use of $309 million in revenue to offset the cost of the 12-MW Coastal Virginia Offshore Wind pilot project in Virginia Beach … enchanted floral garden vinyl tablecloth
VA HB2049 BillTrack50
WebMar 27, 2024 · Electric utilities; customer credit reinvestment offsets. Eliminates customer credit reinvestment offsets under which a utility is allowed, upon request, to reduce or eliminate amounts of overearnings that otherwise would be required to be credited to customers by applying a customer credit reinvestment offset for expenses on new … WebBased on 12 documents. Offset credit means a tradable compliance instrument issued or approved by ARB that represents a GHG reduction or GHG removal enhancement of … WebMyers said a lower return on equity would mean bigger refunds for customers or a larger pot of dollars for what is known as “customer credit reinvestment offsets” — a wonky term for projects ... dr brian klatt orthopedic surgeon