Dominion Energy residential customers in Virginia can expect a one-time bill credit in June to return savings from federal corporate income tax reform, according to a corporate press release issued on May 8.
The typical residential customer using 1,000 kilowatt-hours per month will see a credit of $33.27 next month, one of the largest in Dominion Energy Virginia’s history. Individual credits will depend on each customer’s historical energy usage.
This represents the third bill credit Dominion Energy customers have received over the past year. Along with the three credits totaling almost $71, the typical residential customer also saw more than $3.78 in rate cuts related to federal corporate income tax reform in the past year, the release stated. The credits and rate reductions carry out the requirements of the Grid Transformation and Security Act of 2018, including its directive that the full savings of federal tax reform be passed along to customers. ...
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