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HB 1360

Investor-owned electric utilities; requirements in fuel factor proceedings conducted with SCC.

2026 Regular Session Introduced by Irene Shin and 1 co-sponsor

Virginia bill establishes procedural requirements for electric utilities filing fuel cost recovery cases with state regulators to ensure transparent rate justification.

Fiscal Impact Statement from State Corporation Commission (HB1360)
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Bill Summary · HB 1360

Legislative bill overview

HB 1360 establishes new procedural requirements for investor-owned electric utilities in Virginia when they file fuel factor proceedings before the State Corporation Commission (SCC). The bill specifies how utilities must present and justify fuel cost recovery requests during regulatory hearings.

Why is this important

Fuel factor proceedings directly affect electricity rates that residential and business consumers pay. By establishing transparency and procedural requirements, the bill aims to ensure utilities adequately justify fuel cost increases to regulators, potentially protecting ratepayers from unjustified rate hikes while allowing utilities fair cost recovery.

Potential points of contention

  • Industry compliance costs: Utilities may argue the new requirements impose administrative burdens and expenses that ultimately increase operational costs passed to consumers
  • Consumer advocate concerns: Consumer groups may contend the requirements don't go far enough to prevent utilities from recovering excessive or mismanaged fuel costs
  • SCC resource demands: The bill may require additional SCC staff and resources to properly evaluate enhanced utility filings, potentially delaying rate decisions

Compiled from official sources — confirm details with the bill’s official record.

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