Methodology
Study used conservative assumptions, excluded fuel.
CEA based estimate of residential customer savings for SCC-imposed cap period (1998-2001) on August 1998 settlement order.
CEA created two models to forecast base rate revenues that would have been collected from Dominion Virginia Power residential customers from 2002-2007 in the absence of the Act’s cap.
- Both models used Dominion-specific variables and national macroeconomic variables.
- Each model produced two revenue forecasts.
- Baseline: slow recovery from recent recession.
- Slow growth: slower recovery.