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Does the Company include the cost of RECs from the renewable energy generation that Dominion owns?

When evaluating the Net Present Value (NPV) of an individual project, the analysis focuses on the full set of value streams the project produces. From an NPV perspective, the treatment of RECs is intended to capture their economic value, regardless of whether the RECs are sold into the market or effectively retained and used for mandatory RPS Program compliance on behalf of customers.

At the portfolio level, REC purchases reflect the difference between the RECs produced by the Company’s owned and contracted for generation fleet and the number of RECs needed to meet applicable compliance requirements.

Other Stakeholder Questions and Answers

• PJM and FERC are both considering policies to require the major new load from data centers to be “bring your own generation,” that the data centers provide themselves off grid. There may be a significant shift of new load off grid provided on site by other sources. How can you predict this in the IRP?
• Energy efficiency appears to be a prescribed parameter in recent IRP cycles. Going forward, could energy efficiency become a changeable planning parameter, or will it remain prescribed?