Introduced by: Dan I. Helmer | all patrons … notes | add to my profiles
SUMMARY AS INTRODUCED:
Electric utilities; period costs. Provides that in a triennial review proceeding, certain utility generation and distribution costs that are not proposed for recovery under various cost recovery mechanisms, at the State Corporation Commission’s discretion, may be attributed to the test periods under review and deemed fully recovered or, if the utility has earned below a certain threshold, may be deferred for recovery over future periods. Under current law, such attribution is required unless the utility has earned below a certain threshold, in which case deferred recovery of the costs is required. The provisions of the bill apply to the first triennial review of Dominion Energy Virginia conducted after January 1, 2021.