Dominion Energy’s latest long-term energy plan projects major investments in new power generation and infrastructure over the next two decades as Virginia’s electricity demand grows, driven in part by data centers.
The company’s Integrated Resource Plan projects that residential customers could see their monthly electric bills increase by more than $100 over the next 20 years.
The report factors in a range of future expenses that could affect customer bills, including fuel costs, power generation, transmission infrastructure and environmental compliance.
At the same time, Dominion plans to significantly expand its power system to meet growing electricity demand.
Dominion’s preferred plan includes more than 39 gigawatts of new power generation and storage capacity.
“More than three-fourths of which is carbon-free solar, offshore wind, energy storage and advanced nuclear technology,” a Dominion Energy Spokesperson told CBS 6.
The plan carries a total modeled portfolio cost of more than $183 billion, including more than $91 billion in construction investments, according to the report.
“Our plan reinforces the need to expand and diversify our power generation fleet to maintain the reliability of the grid,” a Dominion spokesperson said.
As Virginia’s data center industry continues to expand, some ratepayers have blamed the industry’s growing electricity demand for contributing to higher bills.
“The Company has seen unprecedented levels of growth in both the size and number of requests for delivery points in the last several years, including the significant increase in volume and increased size from large-load customers,” the filing states.
As of February 2026, approximately 25,000 megawatts of large-load delivery point requests have been received with projected connection dates through December 31, 2031.
“Those requests continue to grow,” the filing states.