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Article: Dominion Reaches Comprehensive Proposed Settlement Agreement in Pending Virginia Rate Proceedings.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Agreement subject to State Corporation Commission approval - Virginia jurisdictional base rates would remain at pre-September 1 levels - Base return on equity set at 11.9 percent - $268 million of 2008 earnings would be returned to customers in 2010 - $129 million of prior-period FTRs and fuel expenses would also be credited to customer bills - Company affirms 2009 operating earnings guidance of $3.20 to $3.30 per share - Company affirms 2010 operating earnings outlook of $3.20 to $3.40 per share
RICHMOND, Va., Nov. 5 /PRNewswire-FirstCall/ -- Dominion announced today that it and the Office of the Attorney General of Virginia, Division of Consumer Counsel, ...