CODE OF VIRGINIA

REGULATION OF RATES SUBJECT TO COMMISSION’S JURISDICTION (§ 56-581)

A. After the expiration or termination of capped rates except as provided in §
56-585.1, the Commission shall regulate the rates of investor-owned incumbent
electric utilities for the transmission of electric energy, to the extent not
prohibited by federal law, and for the generation of electric energy and the
distribution of electric energy to retail customers pursuant to § 56-585.1.

B. Beginning July 1, 1999, and thereafter, no cooperative that was a member of a
power supply cooperative on January 1, 1999, shall be obligated to file any rate
rider as a consequence of an increase or decrease in the rates, other than fuel
costs, of its wholesale supplier, nor must any adjustment be made to such
cooperative’s rates as a consequence thereof.

C. Except for the provision of default services under § 56-585 or emergency
services in § 56-586, nothing in this chapter shall authorize the Commission to
regulate the rates or charges for electric service to the Commonwealth and its
municipalities.

HISTORY: 1999, c. 411; 2000, c. 991; 2007, cc. 888, 933.