Virginia · 2026 Regular Session · Bill
SB 691: State Corporation Commission; Phase I Utility biennial rate review, reports.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 691 is a bill introduced in the Virginia Senate on January 14, 2026. According to its official title, it concerns: State Corporation Commission; Phase I Utility biennial rate review, reports. Primary sponsor: David Suetterlein (Republican). It lists 3 additional sponsors. Most recent recorded action (February 12, 2026): Passed by indefinitely in Commerce and Labor (13-Y 2-N).
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.
State Corporation Commission; Phase I Utility; biennial rate review; reports. Directs the State Corporation Commission to adhere to certain requirements and consider certain enumerated factors in its 2026 review of the rates, terms, and conditions for the provision of generation and distribution services by Appalachian Power. The bill prohibits the Commission from approving a rate of return on common equity that is greater than the rate of return approved by the Commission as part of Appalachian Power's preceding biennial rate review unless Appalachian Power demonstrates that such increase is the approach to maintaining reasonable access to capital that results in the lowest cost to customers. The bill directs the Commission to conduct reviews of Appalachian Power's terms of service and rates for electric transmission and efforts to address rising costs of severe weather events. The bill also directs the Office of the Attorney General to conduct a study of the methods used to determine the cost of equity capital for investor-owned utilities.
Sponsors
Sponsors by party (alphabetical): Republican 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David Suetterlein | Primary sponsor | Republican | Senate | 4 |
| Mitchell Cornett | Co-sponsor | Republican | House | 46 |
| Joe McNamara | Co-sponsor | Republican | House | 40 |
| Todd Pillion | Co-sponsor | Republican | Senate | 6 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in Commerce and Labor (13-Y 2-N)
- Senate committee offered
- Fiscal Impact Statement from State Corporation Commission (SB691)
- Referred to Committee on Commerce and Labor
- Prefiled and ordered printed; Offered 01-14-2026 26105322D