SB 691 VA

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Introduced

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.

• David R. Suetterlein Republican · primary

1. Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26105322D · upper
2. Jan 14, 2026 Referred to Committee on Commerce and Labor · upper
3. Jan 29, 2026 Fiscal Impact Statement from State Corporation Commission (SB691) · upper
4. Feb 12, 2026 Senate committee offered · upper
5. Feb 12, 2026 Passed by indefinitely in Commerce and Labor (13-Y 2-N) · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Commerce and Labor Substitute · PDF
• Commerce and Labor Substitute · HTML
• Introduced · PDF
• Introduced · HTML