This is how lawmakers, regulators and Dominion Energy abuse the ratepayers.”

Brace yourself. Dominion Energy is going to ask for millions of dollars more from its 725,000 ratepayers.
The Virginia-based utility whose SC headquarters is in Cayce believes state law allows it to charge even more for its $9 billion failed nuclear project its predecessors at SC Electric & Gas managed to foul up.
Dominion is already pocketing a 9.9% profit on the last rate increase for money to pay off its $5 billion share of the failure over the next 20 years.
Is it criminal for a company to profit on a failed project that will never lower our rates? 
It should be but Dominion says state law allows it.
On a call with investors, Dominion Energy CEO Tom Farrell said they will ask the PSC to raise rates in May, energy expert Rod Funderburk of Resource Supply Management learned. 
Farrell told investors that Dominion Energy makes less than it is entitled to under state law.
If granted, Dominion’s new rates would begin in 13 months. 
How much it will ask for has not yet been disclosed.
“We just have to wait and see what the request looks like,” said Ron Aiken of the state’s watch dog Office of Regulatory Staff.
Ratepayers have paid $2 billion and are still paying for the project for another 20 years.
Why? Because our lawmakers’ and regulators’ allegiance is to the utilities, not the voters.
Last week the Energy and Policy Institute reported Dominion and other big utilities use charitable donations for political purposes to get what they want.
Between 2013 and 2017, they estimated Dominion Energy gave $105,972,472 to charity.
They checked IRS and the Federal Energy Regulatory Commission records and found the money comes from ratepayers. 
Regulators say the millions must legally come out of the 10.25% profit in every rate hike.
Dominion can’t put $105 million openly in their rate request. But it’s OK for ratepayers to pay since it comes from profits.
Are you ready to call for an end to regulated monopolies?
Won’t competition be better?
– JerryBellune@ yahoo.com