More Fun From VA: Cucinelli, Utilities Working Hard To Repeal State Renewable Energy Incentives

RICHMOND, Va. (AP) — Virginia Attorney General Ken Cuccinelli and the state's largest electric utilities are proposing to repeal financial incentives for using renewable energy after a report last year found that the millions of dollars in bonuses haven't yielded the intended environmental gains and have contributed to increases in customer bills.

Under the agreement announced Tuesday by the attorney general's office, Dominion Virginia Power and Appalachian Power would no longer be eligible to receive the bonuses called "adders" for using sources of renewable energy or building new power plants that use fossil fuels. Incentives will still remain for nuclear and offshore wind, but the bonuses would be reduced.

The agreement does not, however, repeal the state's voluntary goals that utilities have 15 percent of their generation coming from renewable sources by 2025. And utilities can still seek to recover the costs related to reaching those goals, officials said.

The move would save Dominion customers $38.5 million and Appalachian Power customers $7.75 million annually through 2025, the attorney general's office said.

Ed. - IOW, it would save Dominion's 5 million customers an average of about 65 cents per month. Ooh.

EDIT

http://www.sfgate.com/news/science/article/Repeal-of-Va-renewable-energy-incentives-proposed-4195803.php