Sign In
Free Newsletter
Krispy Kreme investor to acquire Roanoke’s Shenandoah Life in deal
JAB Holding Co., the Luxembourg-based holding company that owns a majority stake in Krispy Kreme doughnuts, plans to pay $3.1 billion to buy Prosperity Life Group, parent company of Roanoke-based Shenandoah Life Insurance, according to a filing made last month with the State Corporation Commission. Applications for approval of acquisition of an insurer typically take […]
Dominion Energy proposes hefty rate hikes
Fortune 500 utility Dominion Energy is proposing a fuel rate increase and additional base rate increases which, if approved, could raise monthly power bills for average residential customers by as much as $21.43 by 2027. The Richmond-based utility proposed new base and fuel rates in separate filings with the Virginia State Corporation Commission on Monday. […]
First of two new SCC judges sworn in
Samuel T. Towell, a former Virginia deputy attorney general and Smithfield Foods associate general counsel, was sworn in Wednesday as the Virginia State Corporation Commission‘s newest judge. The SCC governs utilities, state-chartered financial institutions, securities, insurance, retail franchising and the Virginia Health Benefit Exchange. Its three-judge panel had been short two judges sin[...]
After long delay, Va. lawmakers appoint two SCC judges
The Virginia General Assembly unanimously elected two attorneys to fill two vacancies on the Virginia State Corporation Commission on Wednesday, after more than a year of understaffing and partisan battles. State senators and delegates voted 40-0 and 98-0, respectively, to approve the nominations of Kelsey Bagot, a former legal adviser with the Federal Energy Regulatory […]
Dominion pitches new solar projects to SCC
Dominion Energy is pitching the State Corporation Commission on several solar projects that could generate enough carbon-free electricity to power nearly 200,000 homes. The projects, presented in the Fortune 500 utility’s fourth annual clean energy filing with the state, include six solar projects totaling 337 megawatts and 13 power purchase agreements totaling 435 megawatts with […]
Dominion proposes new solar, storage projects
Dominion Energy Virginia has proposed 23 new solar and energy storage projects that could power more than 200,000 Virginia homes at peak output. The utility provider proposed the projects in its third annual clean energy filing with the Virginia State Corporation Commission on Friday. If approved, they will provide more than 800 megawatts of carbon-free […]
Va. Credit Union loses bid to expand membership
The Virginia State Corporation Commission ruled Wednesday that the Chesterfield County-based Virginia Credit Union cannot expand its membership to the Medical Society of Virginia, possibly resolving a three-year battle between the credit union, the Virginia Bankers Association and several community banks in the state. The credit union issued a brief statement Wednesday: “We are disappointed [...]
Appalachian Power denied rate increase by SCC
A rate increase sought by Appalachian Power Co. has been denied by the State Corporation Commission. According to a statement issued by the SCC on Tuesday, Appalachian Power was seeking to increase rates by approximately $10 per month for a typical residential customer using 1,000 kilowatt hours of electricity. Appalachian Power earned profits that were […]
Oral arguments set for Virginia Credit Union, bank dispute
Oral arguments are set for Jan. 6 in a dispute between the Virginia Credit Union and seven small community banks and the Virginia Bankers Association (VBA) over the credit union’s offer to include the Medical Society of Virginia’s 10,000 members. A. Ann Berkebile, a senior hearing examiner at the State Corporation Commission, scheduled oral arguments […]
