RICHMOND, Va. (AP) — Dominion Energy has long had unrivaled success at getting friendly legislation through the Virginia General Assembly, a political advantage that by some counts has been worth billions of dollars in profits. The parent company of the state's largest electric utility has massive sway in crafting Virginia's energy laws, including legislation passed earlier this year that likely eliminated any chance of the company having to lower electric rates that regulators have routinely found to be too high. But that political prowess is now being cheered by unlikely sources: Dominion's would-be competitors. Independent retail energy companies that buy and sell electricity say Dominion's success at shaping the state's energy policy has led to higher-than-necessary prices, unhappy customers and new opportunities for other energy companies. "The market has caught up to them," said Leonard Pulley, the owner of retail energy company EA Power Solutions. Retail giant Walmart recently informed state regulators that it wants to buy electricity from someone besides Dominion and Appalachian Power, the state's second largest utility.
Rivals See Opening In Dominion Energy's Political Success
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Mon, 04/23/2018 - 11:57am
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