Virginia Electric & Power Co

What This Utility Data Tells You

Virginia Electric & Power Co is an investor-owned utility operating in North Carolina under EIA identifier 19876. It reports service to approximately 2,625,896 customer accounts and generated about $8.87 billion in annual electric revenue, with a service footprint spanning 500 ZIP codes. Because it is investor-owned, the state public utility commission oversees its rate cases and reliability performance rather than a local board.

In 2023, the average Virginia Electric & Power Co customer experienced 141.1 minutes of power interruptions, a measure known as SAIDI, or System Average Interruption Duration Index. That lands within the usual 120–180 minute national benchmark band, roughly on par with typical U.S. distribution-utility performance. SAIFI, the average number of outage events per customer, was 1.18 for the same period, so customers statistically faced roughly 1 distinct interruption that year. Strip out major event days (hurricanes, ice storms) and SAIDI falls to 130.1 minutes; the difference from the headline 141.1 shows how much of the outage total came from weather rather than everyday grid issues.

With 4 consecutive years of EIA data (2020–2023), Virginia Electric & Power Co's reliability record can be judged on trend rather than one isolated year. SAIDI dropped from 428.3 to 141.1 minutes across that span, a direction regulators and prospective customers tend to watch closely.