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Ratepayer advocates seek protections in offshore wind case [ABC News]

Southern Company (The) (SO) 
Last southern company (the) earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: ABC News
RICHMOND, Va. -- State regulators considering whether to approve Dominion Energy Virginia's plans for a nearly $10 billion offshore wind farm should implement protections to shield customers from possible cost overruns and other project risks, ratepayer advocates testified Tuesday.Noparty“Let's be honest — this is a $9.65B construction project where we will be digging 176 holes in the middle of the ocean. There are risks,” said Carrie Grundmann, an attorney representing Walmart in the proceedings.The SCC heard hours of testimony and cross-examination Tuesday at the start of a multiday evidentiary hearing. Dominion, which already has a two-turbine pilot project up and running, filed an application with the commission in November seeking approval and cost recovery for the commercial-scale project. It's part of an ongoing shift in the company's generation mix toward a greater proportion of renewables.Attorneys representing Dominion said Tuesday that the utility has met all statutory Show less Read more
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