Virginia · 2026 Regular Session
Water utilities; prohibition of multiple rate increases within three-year period for water utilities. Prohibits a public utility authorized to furnish water or water and sewer service from filing an application for a rate increase more frequently than once in any three-year period. The bill provides exceptions to such prohibition for the utility to file an application (i) for a decrease in rates; (ii) limited to a rate adjustment clause, rider, or surcharge; (iii) for a temporary emergency increase in rates; or (iv) for an increase upon a finding by the State Corporation Commission that extraordinary circumstances exist. The provisions of the bill do not become effective unless reenacted by the 2027 Session of the General Assembly.
Acts of Assembly Chapter text (CHAP0390) (2026-04-08)