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Old 06-29-2011, 08:21 AM
 
24 posts, read 57,311 times
Reputation: 10

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"The average residential customer would see a monthly increase of $4.86 for 1,000 kilowatt hours of electricity to $108.77"
http://www.wvec.com/news/Starting-July-1-electric-bills-will-go-up-124637324.html

What did people think was going to happen when the EPA started revoking coal mine permits?
http://www.foxnews.com/politics/2011/01/17/obama-coal-crackdown-sends-message-industry/
The price had to go up...just like Obama said;

YouTube - ‪Obama: My Plan Makes Electricity Rates Skyrocket‬‏

All of this hoopla about granting new permits for coal mining and oil drilling is for show and him doing what he knows best; how to campaign. He'll never back off his position on that 'Dirty coal and oil'.


With Virginia generating approximately 40% of its power from coal, it was only a matter of time before customers were hit up for the increases.
http://www.eia.gov/coal/news_markets/spot.cfm


The proposed fuel rate is projected to capture costs not recovered in the last 12 months plus projected fuel costs for the next 12 months. The previous fuel rate is projected not to recover about $433 million in costs largely driven by extreme weather conditions, as winter weather was colder and summer weather was hotter than normal. Dominion has proposed splitting this amount and recovering it over the next two years.
Had the proposed Warren County Power Station been an operating power station during 2010, it would have significantly displaced required market purchases of energy, particularly at peak times associated with higher weather-driven customer demands, resulting in $122 million in fuel cost savings for our customers.
Dominion News
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