House Minority Leader Ward Armstrong (D-Henry) plans to introduce legislation that would place tighter restrictions on Appalachain Power Company and other utilities statewide.
Armstrong said it is the issue that dominated pre-session town hall meetings in his Southside district.
The legislative package includes four provisions:
- A measure that would place ApCo under full regulation by the State Corporation Commission, as it was prior to 1999.
- Required consolidation of rate increase requests; this would apply to all utilities statewide.
- An item that forbids any utility from charging rate increases until after it receives SCC approval. Under current law, companies can charge the increased rate before the state gives the okay.
- A measure that requires power companies to offer incentives — in the form of lower rates — to help the Commonwealth lure businesses to set-up shop in Virginia.
Armstrong said he plans to discuss the proposal with advisers to Gov.-elect Bob McDonnell (R) sometime this week.
A represenative from ApCo attended Monday’s press conference but left before speaking to the press.