Bill > SB104

This bill requires electric utilities designated as "Phase I Utility" and "Phase II Utility" (terms defined in Virginia law, generally referring to Appalachian Power and Dominion Energy Virginia) to provide more detailed information on customer electricity bills. Specifically, each residential customer bill must clearly list each "rate adjustment clause" that applies to their bill and the exact amount they are being charged due to that clause. Rate adjustment clauses are mechanisms that allow utilities to adjust rates for specific costs or investments, often requiring approval from the State Corporation Commission. The bill also mandates that these utilities maintain a publicly accessible website with further details about all approved rate adjustment clauses, including their purpose, whether they apply to residential customers, and if they include an authorized rate of return (meaning the utility can earn a profit on the investment covered by the clause). If any rate adjustment clauses have been combined with approval, they should be listed together in that combined form.

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https://lis.virginia.gov/bill-details/20261/SB104