Bill > SB960

This bill directs the State Corporation Commission (SCC), a regulatory body overseeing utility services in Virginia, to conduct a review of electric utility rates during a biennial (occurring every two years) proceeding between January 1, 2025 and July 1, 2027. Specifically, the SCC will examine whether electric utilities (referred to as Phase I and Phase II Utilities, which are technical classifications defined in existing Virginia law) are using customer rate classifications that are reasonable. The bill requires the commission to evaluate if creating new or separate customer classifications, particularly those related to data centers, are fair and appropriate. While the government summary suggests a focus on potentially unfair cost subsidization between data centers and other customers, the bill text focuses on the technical process of reviewing customer rate classifications, leaving the detailed determination of "reasonableness" to the SCC's discretion during the review process.

Budget and Finance, Business and Industry

https://lis.virginia.gov/bill-details/20251/SB960