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SB 339

State Corporation Commission; cost allocation proceedings for certain electric utilities.

2026 Regular Session Introduced by Russet Perry

SB 339 modifies Virginia electric utility cost allocation proceedings before the State Corporation Commission, potentially streamlining rate-setting procedures that determine consumer electricity costs.

Fiscal Impact Statement from State Corporation Commission (SB339)
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Bill Summary · SB 339

Legislative bill overview

SB 339 modifies how Virginia's State Corporation Commission handles cost allocation proceedings for certain electric utilities. The bill establishes specific procedural requirements and timelines for utilities to present cost allocation methodologies during rate-setting proceedings. It affects how utilities justify their operational costs to regulators and customers.

Why is this important

Cost allocation directly impacts electricity rates that Virginia consumers pay. How utilities allocate costs across different customer classes (residential, commercial, industrial) determines whether rate burdens are distributed fairly. Changes to these procedures can accelerate or slow rate decisions, affecting both utility profitability and customer bills.

Potential points of contention

  • Utility burden vs. consumer protection: Streamlined procedures may advantage utilities in presenting their case, potentially leading to higher approved costs passed to consumers
  • Timeline impacts: Compressed or modified proceeding schedules could limit time for consumer advocacy groups and intervenors to fully analyze utility proposals
  • Cost allocation methodology: Different allocation approaches can significantly shift costs between customer classes, creating winners and losers among rate payers
  • Regulatory precedent: Changes to SCC procedures may affect how other regulated utilities (gas, water) conduct their own cost proceedings

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

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