Electric utilities; overearnings, customer bill credits. (SB1292)
Introduced By
Sen. Jennifer McClellan (D-Richmond)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Electric utilities; overearnings; customer bill credits. Requires the State Corporation Commission to direct that 100 percent of the amount of a utility's earnings above a certain threshold be credited to customers' bills. Under current law, the Commission is required to direct that 70 percent of such overearnings be credited to customers' bills. The provisions of the bill apply to the first triennial review of Dominion Energy Virginia conducted after January 1, 2021. Read the Bill »
Status
01/12/2021: Awaiting a Vote in the Commerce and Labor Committee
History
| Date | Action |
|---|---|
| 01/12/2021 | Prefiled and ordered printed; offered 01/13/21 21102020D |
| 01/12/2021 | Referred to Committee on Commerce and Labor |
| 01/19/2021 | Impact statement from SCC (SB1292) |
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