SB1321 and SB1265 have both passed the Senate.
Protect Virginians from High Electric Bills Caused by Dominion Revenue Grabs
Oppose Dominion revenue grab and protect climate legislation from arguments that high bills are a result of climate legislation passed by Democrats.
BACKGROUND
Support SB1321, which restores State Corporation Commission ability to lower electric utility rates whenever it determines that projected revenues of Dominion Energy and Appalachian Power (APCO) will result in overcharging Virginians.This bill is simple, clean, concise and protects Dominion and APCO customers. Dominion and Republicans have consistently argued that high electric bills (and Virginia's are some of the highest in the nation) are a result of landmark climate and clean energy legislation patroned and passed by Democratic legislators in 2020 the Virginia Clean Economy Act (VCEA) and the Regional Greenhouse Gas Initiative (RGGI). They use these false talking points to argue for repeal of the VCEA and RGGI. High bills, however, are the result of systematic overcharges by Dominion as well as other legislative loopholes carved out by Dominion and APCO.
Oppose SB1265, a bill drafted by Dominion, that seeks to substantially increase guaranteed profit margin to please Wall Street investors, retain special cost riders (rate adjustment clauses or RACs) and keep a huge chunk of customer overcharges. This bill will raise costs to all Virginians and fuels the false narrative proffered by Dominion and Republicans that the rise in costs result from climate legislation – the VCEA and RGGI.
SB1321, SB1265
no longer
active
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