Virginia · 2025 Regular Session · Bill
HB 2665: Electric utilities; rate caps, Commission on Electric Utility Regulation, utility rate reviews.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 2665 is a bill introduced in the Virginia House on January 15, 2025. According to its official title, it concerns: Electric utilities; rate caps, Commission on Electric Utility Regulation, utility rate reviews. Primary sponsor: Will Morefield (Republican). It lists 7 additional sponsors. Most recent recorded action (February 5, 2025): Left in Labor and Commerce.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Electric utilities; rate caps; Commission on Electric Utility Regulation; utility rate reviews. Requires the State Corporation Commission to establish capped rates for Appalachian Power. The bill requires the capped rates to be the rates in effect for each Phase I electric utility as of July 1, 2025. The bill authorizes the Commission to adjust such capped rates in connection with the electric utility's recovery of fuel and purchased power costs. The bill's capped rates expire on July 1, 2027. The bill requires the Commission on Electric Utility Regulation (the Commission) to review and make recommendations regarding certain petitions filed by Appalachian Power with the State Corporation Commission. For each such review, the bill requires the Commission to convene a subcommittee that includes one nonlegislative citizen member from each planning district commission within the Phase I Utility's service territory, each of whom is appointed by the relevant planning district commission. The Commission shall submit its recommendation to the State Corporation Commission no later than 90 days following the date such petition is filed. The bill prohibits the Commission from adopting any recommendation if a majority of the members of the subcommittee vote against the recommendation. The bill requires the State Corporation Commission to consider the recommendations of the Commission.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Republican 6
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Will Morefield | Primary sponsor | Republican | House | 43 |
| Jason Ballard | Co-sponsor | Republican | House | 42 |
| Travis Hackworth | Co-sponsor | Republican | Senate | 5 |
| Chris Obenshain | Co-sponsor | Not applicable (committee) | — | — |
| Eric Phillips | Co-sponsor | Republican | House | 48 |
| Todd Pillion | Co-sponsor | Republican | Senate | 6 |
| Sam Rasoul | Co-sponsor | Democratic | House | 38 |
| Bill Stanley | Co-sponsor | Republican | Senate | 7 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Labor and Commerce
- Referred to Committee on Labor and Commerce
- Presented and ordered printed 25105010D