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Renewable energy

Dominion Energy North Carolina's 2021 REPS Compliance Plan Update

Strategic Insights

— 1 min read

Dominion Energy North Carolina has filed a regulatory document with the North Carolina Utilities Commission, updating its 2021 Renewable Energy and Energy Efficiency Portfolio Standard (REPS) Compliance Plan. The plan outlines the company's compliance strategies for the 2021 calendar year and the subsequent two years. Dominion Energy has reviewed its 2021 REPS Plan and determined that certain information previously redacted as confidential can now be made publicly available.

Key Takeaways:

  • The Company has submitted its annual REPS Compliance Plan, covering the 2021 calendar year and the subsequent two years (2022-2023).
  • The plan outlines the Company's North Carolina REPS goals, including a 12.5% total REPS obligation for 2021, 2022, and 2023, with a solar set-aside target of 0.20% for each year.
  • The Company projects a poultry set-aside of 3.19% of 900,000 for each year of the planning period.
  • Information identifying renewable energy credit (REC) contract counter-parties and REC pricing for active REC contracts remains commercially sensitive and has been redacted from the public version of the plan.
  • The company has continued to designate this information as confidential trade secret information pursuant to N.C. Gen. Stat. § 132-1.2.
  • The Company's determination regarding disclosure of prior trade secret information in its historical 2021 REPS Plan does not constitute a waiver of its right to continue designating similar information as confidential trade secret information in future CEPS Compliance Plans and future historical CEPS Compliance Plan confidentiality reviews.
  • The plan also includes REPS compliance information for the Town of Windsor, a wholesale customer of the Company, for which DENC provides REPS compliance services.

Statistics:

  • The Company's total REPS obligation for 2023 is 12.5%.
  • The solar set-aside target is 0.20% for each year of the planning period.
  • The projected poultry set-aside is 3.19% of 900,000 for each year of the planning period.
  • The total swine set-aside is 0.07% for each year of the planning period.

Sources:

  • Virginia Electric and Power Company d/b/a Dominion Energy North Carolina's "2021 REPS COMPLIANCE PLAN".
  • North Carolina Utilities Commission's Rules (R8-67(b)).
  • N.C.G.S. § 62-133.8.

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