RD222 - Energy Conservation Efforts of Virginia’s Investor-Owned Public Utilities in 2024
Executive Summary: The Code of Virginia (§ 45.2-1712) requires each investor-owned public utility (IOU) that provides electricity service in the Commonwealth to prepare an annual report to the Virginia Department of Energy (Virginia Energy) delineating its efforts to conserve energy. In the report, each IOU is required to disclose its implementation of demand-side management (DSM) programs serving its customers, and its efforts to improve energy efficiency and conservation relating to its internal operations. These annual reports are to be submitted by November 1 of each year to the State Energy Office of Virginia Energy. The Division is required to compile the utilities’ reports and submit the compilation to the Governor and the General Assembly. For the year 2024, reports were received from Virginia Electric and Power Company (Dominion Energy, or Dominion), Appalachian Power Company (APCo), and Kentucky Utilities Company d/b/a Old Dominion Power Company (ODP) on or by November 1. Each report includes the respective IOU’s energy conservation efforts during the past year. The reports also include how the IOUs implement their demand-side management (DSM) programs including energy efficiency (EE) and demand response (DR). An electronic copy of each utility’s full report is attached. |