Effective January 1, 2009, electricity customers with annual demands more than five megawatts will continue to have the option to shop for competitive electricity supply, as well as two or more nonresidential retail customers that aggregate to reach five megawatts of load to become qualified to purchase electric energy from a Competitive Service Provider and petition, and receive approval from, the Virginia State Corporation Commission. In addition, individual retail customers regardless of customer class may purchase Electricity Supply Service provided 100 percent from renewable energy from a Competitive Service Provider if the Company does not offer an approved tariff for electric energy provided 100 percent from renewable energy.
Dominion Virginia Power welcomes Competitive Service Providers (CSPs) who are interested in the company's energy choice program. This site will provide you with the information you need to conduct business in our service territory.
Links to several related sites are provided for your convenience:
The Supplier Information Center serves as a resource for Competitive Service Providers (CSPs) and Aggregators who wish to conduct business in Dominion Virginia Power's service territory. CSPs and Aggregators must obtain a license from the Virginia State Corporation Commission prior to registering with Dominion Virginia Power.
Please select from the appropriate links below for more information.
Prior to submitting an application for registration with Dominion Virginia Power, an applicant must obtain either a Competitive Service Provider (CSP) license or an Aggregator License from the Virginia State Corporation Commission.
CSPs and Aggregators interested in participating in the Company's energy choice program must submit the appropriate registration documents in addition to other registration requirements detailed in Section 6.0 or 21.0 of the Competitive Service Provider Coordination Tariff. For each of the agreements and forms submitted, provide the requested information, endorse the signature areas by a qualified representative of the applicant, and mail the original, signed documents to:
U. S. Postal Delivery
Dominion Virginia Power
Dominion Virginia Power
S & P Type Model
Dominion Virginia Power’s credit estimate model serves to approximate the ratings that the evaluated entity would likely receive from Standard and Poor’s (AAA, AA, A, etc). This process is completed through selecting financial ratios the Company believes are most indicative of the credit quality, and also the S & P rating of the firm. The first ratio used is the funds from operations to debt ratio. This ratio describes what portion of the firm’s liabilities could be recovered from funds provided from the normal course of business over a twelve month period. The second ratio used is the funds from operations interest coverage ratio. This ratio describes how much in excess of the firm’s interest obligations is earned in the normal course of business. The third ratio is the total debt to total capital ratio. This ratio is used to provide a measure of the firm’s leverage. For a given downturn in business activity, a firm with higher leverage will have a greater probability of defaulting on their obligations than a less leveraged firm.
The Company’s method of calculation is to assign an S & P rating to each ratio calculated. This is done by matching the computed ratio to the average ratio of a firm’s peers in each S & P rating grade. The next step is to calculate the Company's rating estimate using a weighted average of all the ratings estimates. The ratio the Company believes is most indicative of credit quality is the funds from operations interest coverage ratio. This ratio receives a 40% weighting in the calculation. The Company believes the other two ratios are slightly less indicative of credit quality, they each receive a 30% weighting in the calculation.
A CSP registration application must include the following documents:
An aggregator registration application must include the following documents:
The application documents are also available from Supplier Relations by e-mailing us at ElectricSupplierRelations@dom.com.