Regulatory Alert: At the end of last month, Dominion Virginia Power (Dominion) submitted its 2014 Integrated Resource Plan (the 2014 IRP), which covers the period 2015 through 2029, to the Virginia State Corporation Commission (SCC) for review. Virginia law requires that these plans should, among other things, reflect a diversity of electric generation supply and cost-effective demand reduction contracts and services so as to reduce the risks associated with an over-reliance on any particular fuel or type of generation demand and supply resources and be consistent with Virginia’s energy policies set forth in Section 67-102.
The SCC will review the 2014 IRP and make a determination as to whether the 2014 IRP is reasonable and is in the public interest. The SCC has not yet issued a procedural order in this case, and we will update this Alert as soon as that happens. We are paying particular attention to this integrated resource plan proceeding in light of the Environmental Protection Agency’s June issuance of a Clean Power Plan, pursuant to draft rule 111(d), which would require a significant reduction in carbon emissions from existing sources of power generation.
GreeneHurlocker works with many clients operating in areas that may be impacted by the 2014 IRP proceeding. Please contact one of our energy lawyers if you have questions about the 2014 IRP, the EPA’s Clean Power Plan or any other issues relating to Virginia energy regulation.