This document contains the combined reports ("Report") of the Virginia State Corporation Commission ("Commission") pursuant to Chapter 1193 of the 2020 Virginia Acts of Assembly.(*1)

The key highlights of this report include:

• In its second DSM application pursuant to the VCEA, Dominion filed for, and received approval of, nine energy efficiency programs. In addition to its application, Dominion also presented a long-term plan to comply with the total energy savings targets in the VCEA and Dominion's investment levels in the GTSA.(*2)

• In its second DSM application pursuant to the VCEA, APCo filed for, and received approval of, one energy efficiency program. Additionally, APCo filed for, and received approval of, permission to move to a biennial filing cadence for its energy efficiency activities.

• The calendar year 2022 is the first year that the energy efficiency targets will be in effect. As such, the Commission will not receive data related to the utilities' achievement of such targets until the 2023 evaluation, measurement, and verification ("EM&V") reports are received and reviewed. The Commission expects to be able to provide additional data related to the feasibility of achieving these energy efficiency goals in future reports.

• Based on DEV's and APCo's filings with the Commission, both utilities expect to meet the energy savings targets in 2022 on a "net" basis.

A glossary of terms is provided in Appendix 1.
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(*1) Virginia Clean Economy Act ("VCEA"), 2020 Va. Acts chs. 1193, 1194. The VCEA explicitly references Phase I and Phase II utilities. For purposes of this report, the Commission will focus on Appalachian Power Company ("APCo") as a Phase I utility and Dominion Energy Virginia ("DEV" or "Dominion") as a Phase II utility. The Commission further notes that it has approved a requirement for Kentucky Utilities d/b/a Old Dominion Power Company ("KU/ODP") to file a comprehensive Demand-Side Management ("DSM") plan and surcharge by June 1, 2023. Kentucky Utilities Company d/b/a Old Dominion Power Company - For an Adjustment of Electric Base Rates, Case No. PUR-2021-00171, Doc. Con. Cen. No. 220540073, Final Order (May 5, 2022). KU/ODP's plan is required to target at least a 0.02% decrease in total jurisdictional sales.
(*2) Grid Transformation and Security Act ("GTSA"), 2018 Va. Acts of Assembly, ch. 296. The GTSA set investment levels of $140 million for a Phase I Utility, and $870 million for a Phase II Utility, to design, implement, and operate energy efficiency programs over the period beginning July 1, 2018, and ending July 1, 2028. This requirement is currently codified as part of § 56-596.2 C of the Code of Virginia ("Code").