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 are as follows:

• In its sixth Demand-Side Management (“DSM") application pursuant to the VCEA, Dominion filed for seven new demand response programs, and two new energy efficiency programs. All Company proposals were approved by the Commission. In its application, Dominion also presented its progress towards achieving the energy efficiency savings goals of the VCEA and the required proposed investment levels of the Grid Transformation and Security Act (“GTSA").(*2)

• In its fourth EE-RAC petition pursuant to the VCEA, APCo filed for six new energy efficiency programs, extension of five energy efficiency and demand response programs, enhancements to an energy efficiency program, increased funding for its low-income weatherization programs, and two new marketing services. This case is still pending before the Commission.(*3)

• In Dominion’s 2025 DSM proceeding, the Commission evaluated Dominion’s performance in meeting the 2024 energy savings target pursuant to Code § 56-596.2. Dominion had total combined net savings of 1,275,955 megawatt-hour (“MWh") in 2024, which represents 1.9% of 2019 total annual sales(*4) and is less than Dominion’s 2024 total annual savings target of 3.75%, or 2,558,675 MWh.

• APCo had a total combined net savings of 375,658 MWh in 2025, which represents 2.6% of 2019 total annual sales,(*5) and is more than APCo’s 2025 total annual energy savings target of 2.0%, or 289,041 MWh.

• Calendar year 2025 was the fourth year in which the VCEA’s energy efficiency targets were in effect pursuant to Code § 56-596.2. The Commission received data related to Dominion’s pursuit of such targets in Dominion’s DSM application, as noted above, and in both Dominion and APCo’s evaluation, measurement, and verification (“EM&V") reports.(*6)

• The Commission has approved new energy efficiency targets for both Dominion and APCo for calendar years 2026-2029 as part of Case Nos. PUR-2023-00227 and PUR-2024-00134. Dominion’s targets are 3%, 4%, and 5% for 2026, 2027, and 2028 respectively, and APCo’s targets are 3%, 3.5%, and 4% for 2026, 2027, and 2028 respectively.(*7)

• A number of initiatives are underway related to energy efficiency and demand response, including the introduction of a new cost benefit test model in 2029, a study of energy efficiency potential in Virginia, and the introduction of virtual power plants to the Commonwealth, among other new DSM-related legislation.

A glossary of terms is provided in Appendix 3.
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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 in 2023, Kentucky Utilities d/b/a Old Dominion Power Company (“KU/ODP") filed a comprehensive Demand-Side Management (“DSM") plan targeting at least a 0.02% decrease in total jurisdictional sales. The Commission, having not reached a majority decision in the matter, did not issue an order approving or rejecting KU/ODP’s application. Application of Kentucky Utilities Company d/b/a Old Dominion Power Company for Implementation of a Demand-Side Management Program and Cost-Recovery Adjustment Clause, Case No. PUR-2023-00096, 2024 S.C.C. Ann. Rept. 173, Order Closing Case (March 12, 2024).
(*2) Application of Virginia Electric and Power Company For approval of its 2025 DSM Update pursuant to § 56-585.1 A 5 of the Code of Virginia, Case No. PUR-2025-00210, Doc. Con. Cen No. 25120040, Final Order (Aug 3, 2026) (“Dominion 2025 DSM Final Order").
(*3) Petition of Appalachian Power Company, For approval to continue a rate adjustment clause, the EE-RAC, and for approval of new energy efficiency programs pursuant to §§ 56-585.1 A 5 c and 56-596.2 of the Code of Virginia, Case No. PUR-2026-00031, Doc. Con. Cen. No. 260340028, Petition (Mar. 3, 2026) (“2026 EE-RAC Petition").
(*4) Dominion’s 2019 Retail Sales were approximately 68,231,332 MWh.
(*5) APCo’s 2019 Retail Sales were approximately 14,452,000 MWh.
(*6) APCo filed its most recent EM&V Report on May 1, 2026, in Case No. PUE-2014-00039 (“APCo 2026 EM&V Report"). Dominion filed its most recent EM&V Report (“Dominion 2026 EM&V Report") on June 15, 2026, in Case No. PUR-2023-00217. Please note that the 2026 Dominion EM&V Report contains data on the 2025 program year, and the APCo 2026 EM&V report contains data on the 2025 program year. The public version of documents filed with the Commission may be located on the Commission’s website, scc.virginia.gov/case-information, by clicking “Docket Search," then clicking “Search by Case Information," and entering the appropriate case number in the appropriate box.
(*7) Additionally, pursuant to Code § 56-596.2:2, the Commission established annual energy efficiency targets for programs targeting low-income, elderly, disabled, or veterans of military service for Dominion for the period 2025 through 2027. See Commonwealth ex rel. State Corporation Commission, Ex Parte: In the matter of establishing energy efficiency savings targets for Virginia Electric and Power Company pursuant to VA Code section 56-596.2 B 3 and 56-596.2:2, Case No. PUR-2023-00227, 2025 S.C.C. Ann. Rept. 157, Final Order (Feb. 27, 2025)