76677456-235.6Virginia Decodedhttps://vacode.org2016Public Service CompaniesHeat, Light, Power, Water And Other Utility Companies GenerallyServices, Rates, Charges, EtcOptional performance-based regulation of certain utilities1996, c. 350; 2006, c. 574; 2007, cc. 888, 933.http://law.lis.virginia.gov/vacode/56-235.6/56-234.2Review of rates/56-234.2/56-235.2All rates, tolls, etc., to be just and reasonable to jurisdictional customers; findings and conclusions to be set forth; alternative forms of regulation for electric companies/56-235.2/56-585.1Generation, distribution, and transmission rates after capped rates terminate or expire/56-585.1//56-235.6/56/10/2/56-235.656-235.1056-235.956-60056-60156-60256-60356-60456-60556-60756-60956-61056-611The Commission shall approve such performance-based ratemaking methodology if it finds that it: (i) preserves adequate service to all classes of customers ( including transportation-only customers if for a gas utility); (ii) does not unreasonably prejudice or disadvantage any class of gas utility or electric utility customers; (iii) provides incentives for improved performance by the gas utility or electric utility in the conduct of its public duties; (iv) results in rates that are not excessisectionBB1The Commission shall use the annual review process established in § 56-234.2 to monitor each performance-based form of regulation approved under this section and to make any annual prospective adjustments to revenues or prices necessary to reflect increases or decreases in any index adopted for the implementation of such performance-based form of regulation.sectionDD1