Sen. Frank Wagner is the chief sponsor of legislation that would weaken state oversight of Dominion Virginia Power's rate setting. The move could help the utility giant's bottom line and its shareholders, of which Wagner is one.[...] As a regulated monopoly, Dominion has a strong interest in staying on good terms with state lawmakers. The utility is the biggest corporate donor to state political campaigns and is the most generous gift-giver to state lawmakers. [...] most lawmakers who own the company's stock did vote for the legislation.
All the get rich land development schemes that characterize Richmond City high finance remind one of the common flights of fancy on The Honeymooners. One difference, though: Mayor Jones is banking with other people's money and trust. After making an effort to gain clarity on the DPVA's financial health, there is nothing to show but despair. Appropriate since Jones and his recent predecessors as Chair have all left the political party borrowing against time while concealing the bottom line. Requests for financial statements have been ignored, so the depth of the hole remains closely held. Miraculously, during six years with a Democrat in the White House and in a state with two Democratic United States Senators plus the election of Democrats to all three statewide executive offices in the past year, time has run out on the Party's mortgage.
A big portion of the DPVA party leadership's responsibility is to provide the hired staff with sufficient resources to run a statewide political party. But Jones, who fought through charges that he doesn't represent the party's principles of equality and equal rights to gain the position of Chair, has been an absentee landlord. The infrastructure, physical and fiscal, has continued to decay since his ascension to the post. He has consistently missed meetings and party conference calls. E-mails go unanswered. The excuse is always that his responsibilities as a pastor and Mayor consume his time. Those responsibilities did not preclude him from interfering in an intra-party state Senate primary race (his influence proved ineffective). Now he's on the verge of missing the payment on the DPVA's "digs" on Franklin Street in Richmond.