Bill
Bill > SB503
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Phase II Utility; rates, terms, and conditions of services; certain customers. Requires Dominion Energy Virginia to establish rates, terms, and conditions for the provision of generation and distribution services for its customers within the GS-5 rate class, as established by final order of the State Corporation Commission, that require each such customer to pay a minimum generation charge equal to 100 percent of such customers' contracted electric demand.
AI Summary
This bill requires Dominion Energy Virginia, a "Phase II Utility" (a term defined in Virginia law as a utility that has undergone a specific regulatory process), to set new rates, terms, and conditions for its customers in the "GS-5 rate class" by January 1, 2027, overriding any conflicting rules from a specific State Corporation Commission order (Case No. PUR-2025-00058). Specifically, these new rules must ensure that each GS-5 customer pays a "minimum generation charge" that is equal to 100 percent of their "contracted electric demand," meaning they will be charged for the maximum amount of electricity they have agreed to have available, regardless of how much they actually use.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Continued to next session in Commerce and Labor (15-Y 0-N) (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/SB503 |
| Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (SB503) | https://lis.blob.core.windows.net/files/1098841.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/SB503/text/SB503 |
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