DominionNorth Carolina Power is seeking relief from state-imposed conditions tied toits 2005 integration into PJMInterconnection LLC, arguing that the move has provided "significantoverall economic benefit" to its retail customers.
TheDominion Resources Inc.utility entered into an agreement with PJM and Progress Energy Carolinas Inc.,now Duke Energy Progress LLC,as part of its plans to transfer operational control of its transmissionfacilities into PJM. The North Carolina Utilities Commission then imposedcertain regulatory conditions to "ensure that DNCP's customers were heldharmless from the integration and that they did not bear a net cost due to thecompany's participation in PJM," according to regulatory filings.
DominionNorth Carolina Power, known legally as VirginiaElectric and Power Co., contended in a July 8 application that itis now time to be "relieved of the burden" of complying with theseconditions and is also seeking relief from the conditions tied to its jointsettlement with PJM and Duke Energy Progress. (Docket Nos. E-22 Sub 418; E-22Sub 532; E-22 Sub 533; and E-22 Sub 519)
Dominionwitnesses submitted testimony outlining how PJM membership has providedoperational and financial benefits for customers that far outweigh the costs ofintegration. Dominion's witnesses noted that by joining a regional transmissionorganization, rather than operating as a separate control area, the company hasexperienced fuel savings directly passed on to customers, as well as capacitycost and transmission-related savings.
Thefiling is made in connection with Dominion North Carolina Power's requestfiled at the end of March.
DukeEnergy Progress is a subsidiary of DukeEnergy Corp.