Friday morning on The Tennessee Star Report, host Leahy welcomed Wall Street guru Liz Peek to the newsmaker line to breakdown the economy, consumer confidence, federal spending, rising debt, job layoffs, and political gridlock.Read More
The State Corporation Commission approved a Dominion Energy request to increase the fuel factor charged to consumers, leading to $14.93 increase on an average monthly bill. In May, the utility requested the increase citing increased fuel costs.
In its order, the SCC said, “[T]he Commission notes its awareness of the ongoing rise in gas prices, inflation, and other economic pressures that are impacting all utility customers. We are sensitive to the effects of rate increases, especially in times such as these. The Commission, however, must follow the laws applicable to this case, as well as the findings of fact supported by the evidence in the record. This is what we have done herein.”Read More
As the supply chain crisis continues to worsen, Americans can expect to pay higher energy costs in order to maintain heating in the coming winter, says Secretary of Energy Jennifer Granholm.
In an interview with CNN’s Dana Bash on Sunday, Granholm said “this is going to happen…it will be more expensive this year than last year.”
While Granholm claimed that “we are in a slightly beneficial position…relative to Europe,” she nonetheless admitted that the United States has “the same problem in fuels that the supply chains have, which is that the oil and gas companies are not flipping the switch as quickly as the demand requires.”Read More