Phase II Utility; rates, terms, and conditions of services, certain customers.

Plain English Breakdown

The official source does not specify the exact impact on customer bills or how much the charge will be.

Setting Rates for Certain Utility Customers

This law requires Dominion Energy Virginia to establish rates, terms, and conditions that require customers in the GS-5 rate class to pay a minimum generation charge equal to 100% of their contracted electric demand.

What This Bill Does

• Requires Dominion Energy Virginia to establish rates, terms, and conditions for its customers within the GS-5 rate class by January 1, 2027.
• These rules must include a minimum generation charge equal to 100% of each customer's contracted electric demand.

Who It Names or Affects

• Dominion Energy Virginia
• Customers within the GS-5 rate class

Terms To Know

Phase II Utility

A utility company that provides electricity and is defined in a specific part of Virginia's laws.

GS-5 rate class

A group of customers who pay for electricity based on certain rules set by the State Corporation Commission.

Limits and Unknowns

• The exact impact on customer bills is not specified.
• It does not specify how much the charge will be, only that it must cover 100% of each customer's electric demand.

Official Summary Text

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.

Current Bill Text

A BILL to require a Phase II Utility to establish certain rates, terms, and conditions for certain customers.

Be it enacted by the General Assembly of Virginia:

1.
§ 1.
That

notwithstanding
any contrary provision of
the S
t
ate Corporation Commission's
final order in Case No. PUR-2025-00058
,

by January 1, 2027
,

a Phase II Utility, as that term is defined in subdivision A 1 of §
56-585.1
of the Code of Virginia,
shall
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
such
final order,
that require
each
such customer to pay
a minimum generation charge
equal to

100 percent of such customer
'
s contracted
electric
demand.