2/8/23

The Democratic-controlled Virginia Senate has passed legislation that would adjust the way state regulators set and oversee Dominion Energy’s electric rates and return on equity.

The bill that cleared the Senate in a 27-13 bipartisan vote differs substantially from a companion House measure.

That means the legislation is likely headed to a conference committee, which is a small group of lawmakers who would seek to resolve the differences.

Dominion has sought such a change, saying it would help keep the company competitive as it seeks to raise money for the billions worth of renewable energy projects it has committed to building.