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

DateAction
01/12/2021Prefiled and ordered printed; offered 01/13/21 21102020D
01/12/2021Referred to Committee on Commerce and Labor
01/19/2021Impact statement from SCC (SB1292)

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