Booming demand for electricity meant Dominion Energy’s Virginia utility revenue rose 30.5% in the first half of the year, but the price it paid for the fuel and imported electricity to supply customers rose twice as fast, the company’s latest financial report shows.
While a somewhat colder winter than normal and a warmer than normal spring and early summer were factors, the biggest impact was more customers using more power — with still more big users lining up to come.
Developers and data center operators joining the queue to connect to Dominion’s Virginia grid since Jan. 1 say they want 5,300 megawatts of electricity.
Read the full story in the Richmond Times-Dispatch.
