VA · electric · PUR-2025-00058

Dominion Energy Virginia — 2025 general rate case

Closed case·Complete·Authorized

Dominion Energy Virginia Dominion Energy, Inc.Virginia State Corporation CommissionOfficial docket not linkedUpdated Jul 22, 2026View sources

Bottom line

The order provides two years of base-rate visibility, authorizes a 9.8% ROE, and moves very large customers into a separate rate class with minimum-demand protections.

Case summary

The SCC authorized base-rate increases of $565.7 million for 2026 and a further $209.9 million for 2027, below Dominion's requests of $822 million and $345 million. The order also created the GS-5 class for customers with demand of at least 25 MW.

Latest development: Dominion Energy Virginia GS-5 rate class
Next event: No scheduled event

Case stage

Regulatory process

complete

Filed
Mar 31, 2025
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
Nov 25, 2025
Rates effective
Jan 1, 2027

State rules

Base-rate reviews and adjustment mechanisms in Virginia

This docket is a full base-rate review. Selected charges can change on separate schedules without reopening every issue in this case.

Full base-rate review

Triennial review

The SCC reviews Phase I electric rates every three years under the statutory review framework.

Rate period: Three successive 12-month test periods ending before the review year.

Governing rule ↗

Between full reviews

Rate adjustment clauses

Project- and rider-specific

Virginia law permits separate rate adjustment clauses for approved generation, grid, environmental, and other investments. These riders operate independently from base rates and are reviewed in their own proceedings.

Governing source ↗

Fuel factor

Separate periodic filing

The fuel factor passes prudently incurred fuel and purchased-power costs through a separate SCC proceeding instead of waiting for the next base-rate review.

Governing source ↗

View the full Virginia regulatory framework →

Commission decision

Economics

Utility request and Commission-authorized outcome.

Metric	Utility request	Authorized outcome	Like-for-like difference
Annual revenue increase	$822M Annual utility request	$565.7M Prior authorized observation · Nov 25, 2025	+$256.3M
Rate base	Not available Not captured in current case sources	Not available Authorized value not captured	—
Return on equity	10.4% Prior authorized observation · Mar 31, 2025	9.8% Prior authorized observation · Nov 25, 2025	+60 bps
Common equity ratio	Not available Not captured in current case sources	52.04% Prior authorized observation · Nov 25, 2025	—
Residential bill impact	Not available Not captured in current case sources	Not available Authorized value not captured	—

Utility context

Prior authorizations, mechanism values, actuals, and company projections are shown separately because they are not default like-for-like case comparisons.

Rate base

company projected · Virginia base-rate jurisdiction only; excludes separately disclosed transmission and rider rate base. · Dec 31, 2025

$14,500M

Full docket record

5 events · 4 documents · 4 citations

View record

Last updated: Jul 22, 2026
Docket reviewed: Jul 22, 2026
Economics reviewed: Jul 22, 2026
Official documents: 4
Evidence citations: 4

Docket history

Material filings, hearings, orders, and effective dates.

Not scheduled
GS-5 implementation
official commission · conditional
Mar 31, 2025
Biennial review application filed
official commission · completed
Nov 25, 2025
Final order issued
official commission · completed
Jan 1, 2026
First-year rates became effective
official commission · completed
Jan 1, 2027
Dominion Energy Virginia GS-5 rate class
official commission · completed

Documents

Docket and evidence documents linked to this proceeding.

SCC Data Center Initiatives — Dominion customer safeguards

evidence · primary · Mar 5, 2026

Open document ↗

SCC final order in Dominion's 2025 biennial review

evidence · primary · Nov 25, 2025

Open document ↗

SCC creates GS-5 class for large-scale energy users

evidence · primary · Nov 25, 2025

Open document ↗

SCC order for notice and hearing

evidence · primary · Apr 30, 2025

Open document ↗

Citations

Field-level excerpts and review metadata supporting material facts.

SCC Data Center Initiatives — Dominion customer safeguards

commission press release · Mar 5, 2026

SCC creates GS-5 class for large-scale energy users

commission press release · Nov 25, 2025

SCC final order in Dominion's 2025 biennial review

commission order · Nov 25, 2025

SCC order for notice and hearing

commission order · Apr 30, 2025

Raw observations

Stage-preserving economics and party positions as published in the canonical record.

Metric	Stage	Party	Period	Value
Large Load Credit Collateral	mechanism authorized	Virginia State Corporation Commission	—	Up to 60% of minimum charges over the contract term The obligation applies to new customers without sufficient credit that contract for service on or after January 1, 2027.
Large Load Eligibility Threshold	mechanism authorized	Virginia State Corporation Commission	—	25 MW or more
Large Load Exit Fee	mechanism authorized	Virginia State Corporation Commission	—	Not identified in reviewed SCC summaries
Large Load Generation Resource Costs	mechanism authorized	Virginia State Corporation Commission	—	Not identified in reviewed SCC summaries
Large Load Infrastructure Cost Responsibility	mechanism authorized	Virginia State Corporation Commission	—	Separate cost allocation and interconnection review The SCC required separate GS-5 rates and further review of Dominion's large-load interconnection process and cost-allocation proposals.
Large Load Minimum Contract Term	mechanism authorized	Virginia State Corporation Commission	—	At least 14 years
Large Load Minimum Payment	mechanism authorized	Virginia State Corporation Commission	—	85% T&D · 60% generation demand
Annual revenue change	authorized	party-commission	—	$565.7M
Annual revenue change	utility request	party-utility	—	$822M
Common equity ratio	authorized	party-commission	—	52.04%
Return on equity	authorized	party-commission	—	9.8%
Return on equity	utility request	party-utility	—	10.4%