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July 1, 2026, to June 30, 2028, VEPGA Contract Overview
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Dominion’s actual fuel expenses. VEPGA’s fuel rates will be adjusted upward to
recover this deferred amount starting next year.
• The deferred costs mentioned above are the minimum 12% increase next year that
has been communicated to members by VEPGA and does not include other costs,
such as fuel factor increases and RGGI rider.
• VEPGA members can also anticipate the potential for additional increases in the
fuel factor.
Virginia Reentering RGGI Market
• The Virginia General Assembly has directed that the Commonwealth reenter the
Regional Greenhouse Gas Initiative (“RGGI”). This will result in a significant new
rider, starting in 2027.
• RGGI rider becoming effective will further increase rates for the 2027-2028 rate year
Merger Potential Impacts
• As noted above, Dominion has announced a potential merger with NextEra –
valued at $67 billion. Such a transaction would need to be approved by the SCC
and would likely be closely scrutinized.
• If there is a refund or revenue credit offered as part of the transfer approval case,
VEPGA members would receive a similar credit. The likelihood of such a refund
or revenue credit is unknown.
PJM Market Outlooks
• Recent news reports indicate that PJM forecasts continued high prices for
generation capacity.
VEPGA’s Critical and Continued Mission
As the energy sector continues to evolve VEPGA remains committed to its core mission of
providing long-term electricity contracts at the most cost-effective rate possible to save
money for local governments and their taxpayers.
If you have any questions or need additional information, please contact VEPGA
Secretary/Treasurer Sandy Harrington at sharrington@vml.org. Jump to an indexed page (10 of 10)