RICHMOND (AP) -- Virginia regulators have approved a request from Dominion Virginia Power to lower what it charges customers to recover its fuel costs early.
The State Corporation Commission says the move will trim a typical monthly bill for a residential customer using 1,000 kilowatt hours by $3.70 beginning Dec. 1.
Virginia law allows Dominion to bill its customers for the company's cost of the natural gas, coal, uranium and biomass used to generate electricity and the power the utility company buys.
'By state law, we make an adjustment once a year to reflect rising or falling fuel prices. This year, since the fuel prices have fallen significantly, we asked for a second, out-of-cycle adjustment to help our customers,' spokeswoman Bonita Billingsley-Harris told WVEC.com.
She said the typical residential bill of 1,000 kilowatt-hours a month is 16 percent lower than the U.S. average and 22 percent lower than the East Coast average.
Richmond-based Dominion is the state's largest utility with about 2.3 million customers.