VirginiaUtility ownership deals could reopen recent rate cases
If a utility ownership deal is filed within two years of a rate increase order, the Commission could review deal-related changes that may affect rates.
What it does
A proposed utility ownership deal filed within two years after a rate increase order could lead to a focused review of whether the deal affects rates. The utility may have to file supporting cost and revenue studies.
Argument forCustomers could get a focused review of whether a utility deal changes costs or savings that affect rates.
Argument againstA reopened case could delay a proposed rate change, and utilities may have to prepare extra cost and revenue studies for the review.
More detail
The Commission may reopen a recent rate increase case after a utility ownership deal is proposed. This applies when an application to acquire or give up control of a public utility is filed within 24 months after a final order in a rate increase case. The Commission may act on its own or after an interested person petitions it. The review is limited to material effects directly tied to the deal; unrelated issues cannot be reconsidered. The utility must file cost, revenue, and other materials the Commission requires for the review. The Commission must issue a final order within nine months after reopening the case, unless it extends that time for good cause.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 21Continued from last sessionLatest
- Jan 29Continued to next session in Labor and Commerce (Voice Vote)
- Jan 27Subcommittee recommends continuing to (Voice Vote)
- Jan 22Fiscal Impact Statement from State Corporation Commission (HB420)
- Jan 19Assigned HCL sub: Subcommittee #3Minor
- Jan 12Referred to Committee on Labor and CommerceMinor
- Jan 12Prefiled and ordered printed; Offered 01-14-2026 26103998DIntroduced
Economy & Jobs