Virginia
FERC spent June 4-5 looking into resource adequacy across the markets it regulates.
FERC rejected the formula rates and hypothetical cost structure proposed for the Valley Link portfolio of transmission projects but granted it incentives.
Dominion Energy reported that Coastal Virginia Offshore Wind has already seen slight cost impacts from President Trump's tariffs, which could grow as the project is still on track for completion in 2026.
FERC heard details about recent reliability incidents caused by data centers tripping offline in Virginia and Texas and NERC's efforts to address them.
Dominion Energy Virginia asked for its first base rate increase since 1992 in the face of inflation and load growth in its territory.
Dominion Energy CEO Bob Blue discussed continued growth in data center demand, offshore wind and the firm's Connecticut nuclear plant during the company's Q4 earnings call.
A band of incumbent utilities has collected case studies that they say demonstrate the need to instate or maintain the right of first refusal for the good of grid expansion.
Dominion Energy reported that its Coastal Virginia Offshore Wind project will cost 9% more than initially expected, thanks to higher-than-expected PJM network upgrade costs.
Virginia legislators introduced a series of bills they hope to pass in a short session this year aimed at addressing demand growth from data centers through cost allocation of utility rates, increased transparency in planning and tying tax incentives to efficiency requirements.
The Virginia State Corporation Commission spent a full day looking at how growing demand from data centers is impacting the commonwealth's electric grid and rates.
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