RICHMOND, Va. (AP) — Dominion Virginia Power wants to provide less financial information to state regulators, including whether its rates are designed to provide a fair profit for investors.
The state’s largest electric utility recently filed a waiver request with the State Corporation Commission as part of a 2015 biennial review of its base rates.
The company said a new law, which will freeze base rates in place through at least 2022, makes the information irrelevant to this year’s review.
But opponents say the company is trying to keep important details about its rates hidden from public view.
Attorney General Mark Herring’s office said the request is “inconsistent” with statements company president Robert M. Blue made regarding transparency earlier this year when lawmakers agreed to freeze future rate reviews at Dominion’s behest.