The benefit to customers in this settlement agreement totals around $1 billion. By law, we can only lower our base rates by $50 million, which comes out to about $0.90 per month, per customer. With more than $206 million already provided to forgive past due bills from 2020, under this agreement customers would get an additional $330 million in refunds and $309 million in reinvestments for offshore wind and grid transformation.

You will continue to receive safe, reliable, affordable and clean energy. You will also receive a refund of $67 on average and a monthly rate reduction of $0.90 on average. The refund will be spread over each bill until the end of 2023, but the bulk of the money will be refunded in the first six months. These figures are based on the typical residential customer, but the specific amounts may be different for you.

All customer classes will benefit from the refunds. Refunds will be based on each customer’s usage during the 2017-2020 review period.

Beginning as early as January, Virginia customers will receive a refund totaling $67 on average and a monthly rate reduction of $0.90 on average. These figures are based on the typical residential customer, but the specific amounts may be different for you. The refunds will be spread over each bill until the end of 2023, but the bulk of the money will be refunded in the first 6 months.

Yes. Refunds will be based on each customer’s generation usage during the 2017-2020 review period, despite any bill assistance they may have received. If you have a balance that you owe to Dominion Energy, the refunds will go towards paying down that balance.