Dominion Va. Power To Raise Rates Jan. 1 | WAMU 88.5 - American University Radio

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Dominion Va. Power To Raise Rates Jan. 1

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Dominion Virginia Power will raise their rates by 4.6 percent on Jan. 1. The company's chief executive says even with the increase, Dominion's rates remain below the national average and almost 30 percent below average for utilities on the East Coast.

He says the increase is necessitated by almost $8 billion worth of new power stations, transmission lines and other upgrades planned over the next five years aimed at meeting growing demand for power.

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