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July 1, 2026, to June 30, 2028, VEPGA Contract Overview
1
M E M O R A N D U M
TO: VEPGA Members
FROM: Steve Burr, Chair of VEPGA, John Lord, Vice-Chair of VEPGA
DATE: July 17, 2026
RE: July 1, 2026-June 30, 2028 VEPGA Contract Overview
Dear VEPGA Members:
We are pleased to report that the final agreement has been executed between VEGPA and
Virginia Electric and Power Company (“Dominion”), effective from July 1, 2026, through
June 30, 2028. This memorandum provides an overview of the contract updates and
highlights including the revenue requirement updates, non-revenue terms and conditions
enhancements, contract negotiation process and a brief summary of current and future
energy market trends that impacted the contract.
The following materials have been posted on the VEPGA website, linked here: Contract
Materials- July 1, 2026 to June 30, 2028 - VEPGA
Contract materials include:
• Executed Copy of the 2026-2028 Dominion Master Agreement
• Executed Copy of the 2026-2028 Dominion Master Agreement- Redlined Version
• Side Letter Agreement
• Combined Attachments- Terms and Conditions, Rate Schedules and Riders
• Combined Attachments- Terms and Conditions, Rate Schedules and Riders
Redlined Version
• 2026-2028 Contract Overview Memorandum
VEPGA was assisted in its contract negotiations by its consultants, Glenn Watkins
(Technical Associates, Inc.) and its legal team of Tim McCormick (Christian & Barton L.L.P .)
and Cliona Robb (Thompson McMullan P .C.). These consultants, along with the VEPGA
Chair and the VEPGA Vice-Chair, constituted the VEPGA Negotiation Team.
Summary and Overview
Although the VEPGA Negotiation Team successfully negotiated for a lower revenue
requirement than originally sought by Dominion, a significant increase to the revenue Jump to an indexed page (10 of 10)