Northam announces compromise on electric rate overhaul
Feb 05, 2018 - Associated Press Financial Wire
RICHMOND, Va. (AP) - Virginia Gov. Ralph Northam is endorsing a major overhaul of electricity regulations that's been sought by utilities, despite warnings from the state's attorney general that customers will end up paying more than they should.
Northam's statement Monday says he supports legislation imposing new limits on the ability of state regulators to adjust rates.
Dominion Energy and Appalachian Power say the legislation is needed to help improve the state's electric grid.
Northam says he worked with the utilities and others to improve the legislation, boosting energy-efficiency programs and adding customer protecti...
Sign up today to gain access to 5 free articles a month from over 200 top subscription outlets.
Are you ready to take your business development to the next level with RelSci Professional?
Nurture your network with daily alerts that notify you when your relationships make news
Map your relationships to any target or prospect to identify a warm introduction
Access unlimited deep dossiers on over 8 million decision makers
Best of all, you can try out all these powerful business development tools absolutely free for 30 days!
Check out News Home to stay on top of the people and organizations you care most about.