Electric utility restructuring; rates for customers receiving default service rates. (HB2784)

Introduced By

Del. Harvey Morgan (R-Gloucester)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Electric utility restructuring; capped rates; default service rates. Provides that effective January 1, 2008, the rates for customers receiving default service will be determined by the State Corporation Commission based on the cost of service under the provisions of Chapter 10 of Title 56. The measure also clarifies that the Electric Utility Restructuring Act's provisions do not modify or impair the terms of orders approving the divestiture of an electric utility's generation assets. Currently the Act provides that through December 31, 2010, default service rates are a utility's capped rates, and that thereafter default service rates for utilities (other than distribution cooperatives) will be based on prices in competitive regional markets. Read the Bill »


Bill Has Failed


01/10/2007Prefiled and ordered printed; offered 01/10/07 070143428
01/10/2007Referred to Committee on Commerce and Labor
01/16/2007Impact statement from SCC (HB2784)