Va. regulators deny Dominion's waiver request
RICHMOND (AP) - State regulators have denied Dominion Virginia Power's request to provide less financial information in an upcoming rate case, including whether its rates are designed to provide a fair profit for investors.
The State Corporation Commission ruled Friday against the waiver request by Dominion to provide fewer details about its finances as part of a 2015 biennial base rate review.
The company had argued that a new law that will freeze base rates in place through at least 2022 made some of its financial information irrelevant to this year's review.
But opponents said the company was trying to keep important details about its rates hidden.
Attorney General Mark Herring's office said the company's request was "inconsistent" with statements the company made when advocating for a rate review freeze earlier this year.
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