March 12, 2014
RICHMOND, Va. (AP) -- Virginia regulators have approved a request from Dominion Virginia Power to lower what it charges customers to recover its fuel costs early.
The State Corporation Commission says the move will trim a typical monthly bill for a residential customer using 1,000 kilowatt hours by $3.70 beginning Dec. 1.
Virginia law allows Dominion to bill its customers for the company's cost of the natural gas, coal, uranium and biomass used to generate electricity and the power the utility company buys.
Richmond-based Dominion is the state's largest utility with about 2.3 million customers.
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