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Expect to get some credit back on your Dominion Power bill soon

Posted at 5:31 PM, Nov 23, 2015
and last updated 2015-11-24 17:23:52-05

If you're a Dominion Virginia Power customer, expect to pay a little less on your bill in the next few months.

The State Corporation Commission has found that Dominion Power earned above its legal limit in 2013 and 2014. They've been ordered to refund $19.7 million back to its customers.

This is part of the Virginia State Corporation Commission's regular biennial review of the company's earnings.

They say, on average, Dominion Power earned about 10.89 percent on its generation and distribution services.

The authorized rate of return is 10 percent, but they are allowed to keep additional earnings up to 10.7 percent.

This refund will come as a rate credit on bills over the next six months. But on average, customers should only expect to save about $4 - $5 total, or less than $.75 per bill.

These credits are expected to appear on bills no later than February 2016.

"Unfortunately that seems to always be the way it works. Most of these big lawsuits you get a $1.50 or $2.00," says Dominion Power customer Bob. "It's not the money, it's the fact that at least somebody is doing some accountability I suppose."