Dominion Power overcharged its customer $524 million, according to this article. The commission staff found that Dominion had earned much more than it needed in order to make a reasonable profit in 2008. They determined that the company's return on average equity, a measure of profitability, was 19.12 percent last year. Dominion should be earning … Continue reading What to do with Dominion’s $524M overcharges
Day: December 22, 2009
Norfolk council: Does money grow on trees?
The economy is in the tank. Norfolk is facing a $39 million shortfall. The light rail starter line is 41% over budget, requiring an additional $38 million to $40 million to complete this once-again delayed project. The Commonwealth is facing a $4.2 billion revenue shortfall, a significant portion of which will be borne by the … Continue reading Norfolk council: Does money grow on trees?