Dominion filed a settlement agreement proposing an alternative to the performance requirement ordered by the SCC for the Coastal Virginia Offshore Wind project.

The Virginia Corporation Commission approved Dominion Energy’s OSW project, but the utility’s CEO said the capacity performance guarantee is “disappointing.”

The Virginia SCC approved a $78.7 million rate hike for Dominion’s offshore wind project, though they warned that ratepayers face the risk of cost overruns.

Dominion's OSW project won support from political leaders while SCC staff called for ratepayer protections and residents sought new transmission routing. 

Dominion Energy announced during its first-quarter earnings call that it had filed with the Virginia SCC to suspend its rider through RGGI.

By 2030, Dominion's generation in South Carolina will be coal-free, while it will “have only two remaining facilities in Virginia,” CEO Robert Blue said.

Dominion Energy said the cost of its Coastal Virginia Offshore Wind project has increased by more than 20% to $9.8 billion.

Siemens Gamesa Renewable Energy announced that it will establish a new plant for offshore wind blades at the Portsmouth Marine Terminal in Virginia.

Dominion will use the Portsmouth Marine Terminal for staging and pre-assembly of the Coastal Virginia Offshore Wind project foundations and turbines.