VirginiaWater utilities; prohibition of multiple rate increases within 3-year period for water utilities.
What it does
Water utilities; prohibition of multiple rate increases within three-year period for water utilities. Prohibits a public utility authorized to furnish water or water and sewer service from filing an application for a rate increase more frequently than once in any three-year period. The bill provides exceptions to such prohibition for the utility to file an application (i) for a decrease in rates; (ii) limited to a rate adjustment clause, rider, or surcharge; (iii) for a temporary emergency increase in rates; or (iv) for an increase upon a finding by the State Corporation Commission that extraordinary circumstances exist.
More detail
The provisions of the bill do not become effective unless reenacted by the 2027 Session of the General Assembly.
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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
- Apr 8Acts of Assembly Chapter text (CHAP0390)Latest
- Apr 8Approved by Governor Abigail Spanberger-Chapter 390 (effective 7/1/2026)Became Law
- Apr 6Fiscal Impact Statement from State Corporation Commission (HB422)
- Mar 31Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 31Enrolled Bill communicated to Governor on March 31, 2026Minor
- Mar 31Signed by SpeakerMajor
- Mar 30Signed by PresidentMajor
- Mar 30Bill text as passed House and Senate (HB422ER)Major
- Mar 30EnrolledMinor
- Mar 11Passed Senate (28-Y 12-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Vote recorded Passage R. Result: pass.Upper
- Mar 11Read third timeMinor
- Mar 10Passed by for the day (Voice Vote)
- Vote recorded Constitutional reading dispensed (on 2nd reading). Result: pass.Upper
- Mar 10Constitutional reading dispensed (on 2nd reading) (37-Y 0-N 0-A)
- Mar 10Rules suspended
- Mar 9Reported from Commerce and Labor (14-Y 1-N)Minor
- Vote recorded Reported from Commerce and Labor. Result: pass.Upper
- Feb 5Referred to Committee on Commerce and LaborMinor
- Feb 5Constitutional reading dispensed (on 1st reading)
- Feb 4Read third time and passed House (69-Y 29-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 3Engrossed by House - committee substituteMajor
- Feb 3committee substitute agreed toMajor
- Feb 3Read second timeMinor
- Feb 2Fiscal Impact Statement from State Corporation Commission (HB422)
- Feb 2Read first timeMinor
- Jan 29Committee substitute printed 26106002D-H1Major
- Vote recorded Reported from Labor and Commerce with substitute. Result: pass.Lower
- Jan 29Reported from Labor and Commerce with substitute (15-Y 7-N)Minor
- Jan 27Subcommittee recommends reporting with substitute (6-Y 1-N)Major
- Vote recorded Subcommittee recommends reporting with substitute. Result: pass.Lower
- Jan 27House subcommittee offered
- Jan 19Fiscal Impact Statement from State Corporation Commission (HB422)
- Jan 19Assigned HCL sub: Subcommittee #3Minor
- Jan 12Referred to Committee on Labor and CommerceMinor
- Jan 12Prefiled and ordered printed; Offered 01-14-2026 26103989DIntroduced