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Stock impact report

Dominion rate hike would raise customers' bills while allowing higher profits [Yahoo! Finance]

Dominion Energy, Inc. (D) 
Last dominion energy, inc. earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: dominionenergy.com/investors
Company Research Source: Yahoo! Finance
The proposal from Dominion Energy could generate about $322 million more in annual revenue for the company, according to a filing with the S.C. Public Service Commission . Members of the commission will decide later this spring whether to approve the rate increase, including the higher earnings Dominion is seeking. Dominion representatives say the ability to earn more is needed to increase returns for shareholders, recoup costs and continue improving its system. “We must rely on investors to provide the capital necessary to build, maintain and operate our service infrastructure for our customers,” wrote Rhonda O'Banion, a Dominion spokesperson, in an email. “Our ability to provide a fair and reasonable return to investors is essential to the financial health of our company and, in turn, our ability to make the investments necessary to support reliable electricity service to our customers and future economic development in our state.” While regulators allow Dominion shareholders Show less Read more
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