This report will provide an annual update from Virginia Electric and Power Company d/b/a Dominion Energy Virginia (the “Company") regarding its implementation of a pilot program for municipal net energy metering (“Pilot Program"), as required by Section XI. of the Guidelines for Municipal Excess Renewable Generation Pilot Program (the “Municipal Pilot Guidelines").(*1) The Municipal Pilot Guidelines were established pursuant to Chapters 746 and 747 of the 2019 Virginia Acts of Assembly and codified as § 56-585.1:8 of the Code of Virginia (the “Code").(*2) The Municipal Pilot Guidelines were subsequently amended pursuant to Chapter 388 of the 2022 Virginia Acts of Assembly. On May 16, 2023, in Case No. PUR-2022-00211, the State Corporation Commission of Virginia (the “Commission") issued an Order Revising Guidelines to adopt the revised Municipal Pilot Guidelines.

The revised Municipal Pilot Guidelines will govern the Pilot Program for the treatment of any Municipal Customer-Generator’s excess generation, as envisioned by the Code and as described in the Commission’s May 16, 2023 Order Revising Guidelines. The revised Municipal Pilot Guidelines are attached hereto as Appendix A.