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2021 SESSION

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SB 1292 Electric utilities; overearnings, customer bill credits.

Introduced by: Jennifer L. McClellan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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.

FULL TEXT

• 01/12/21  Senate: Prefiled and ordered printed; offered 01/13/21 21102020D  pdf | impact statement

HISTORY

• 01/12/21  Senate: Prefiled and ordered printed; offered 01/13/21 21102020D
• 01/12/21  Senate: Referred to Committee on Commerce and Labor
• 01/25/21  Senate: Assigned C&L sub: Energy
• 02/01/21  Senate: Passed by indefinitely in Commerce and Labor (11-Y 3-N)