Pursuant to House Joint Resolution 30 and Senate Joint Resolution 47 (“Joint Resolutions”) approved by the 2024 Session of the Virginia General Assembly, the State Corporation Commission (“SCC”) in collaboration with the Virginia Department of Energy (“Department”) shall conduct a study of performance-based regulation and alternative regulatory tools for investor-owned electric utilities (“Study”).

The study shall

(i) evaluate the potential of performance-based regulatory tools and alternative regulatory tools to modernize the legal or regulatory framework and

(ii) consider the long-term financial stability of investor-owned utilities and balance the interests of all stakeholders for the benefit of the Commonwealth.

Please see the attached Order Establishing Proceeding  for Case No. PUR-2024-00152 issued by the SCC on September 24, 2024. Pursuant to this Order, any interested person shall submit comments for consideration, on or before December 2, 2024. The notification shall include the name, address, email address, and phone number of interested person or entity. Please submit comments via this portal or via email to jonika.rathi@energy.virginia.gov.