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Dominion rate adjustment takes effect

Saturday - 3/31/2012, 9:33am  ET

RICHMOND, Va. (AP) - Dominion Virginia Power customers can expect to see a slight increase on their next bill.

The utility says an annual rate adjustment to pay for power-plant financing costs kicks in April 1. The typical bill for customers using 1,000 kilowatt-hours will increase by 43 cents, to $109.90. That's less than a 1 percent increase.

Most of the increase is attributed to the Warren County Power Station, a 1,300-megawatt natural gas-fired plant that was approved this year by the State Corporation Commission and is projected to start operating by late 2014.

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