Bill > SB1243

This bill requires the State Corporation Commission (SCC) to review electric utility rates and customer classifications during a biennial proceeding for Phase I and Phase II Utilities between January 1, 2025 and July 1, 2027. In this review, the SCC will specifically examine whether the utilities are using rate structures and customer classifications that are reasonable. The terms "Phase I" and "Phase II Utility" are technical classifications defined in Virginia Code § 56-585.1, which typically relate to how electric utilities are regulated. While the government-provided summary suggested the bill would prohibit data center infrastructure costs from being passed to other customers, the actual bill text focuses more broadly on reviewing customer rate classifications. The bill gives the SCC discretion to determine what constitutes a reasonable customer classification, potentially opening the door for more targeted rate structures for specific types of utility customers like data centers.