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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>84410</law_id><section_number>56-585.1:13</section_number><catch_line>Recovery of costs associated with investment in transportation electrification</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>56-585.1:16</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="56">Public Service Companies</unit><unit label="chapter" level="2" order_by="1" identifier="23">Virginia Electric Utility Regulation Act</unit></structure><text>
						<section><p>Beginning July 1, 2021, any approved costs of any investor-owned <span class="dictionary">electric utility</span> associated with investment in transportation <span class="dictionary">electrification</span>, other than those costs approved prior to July 1, 2021, shall be recovered only through the utility&#x2019;s <span class="dictionary">rates</span> for generation and distribution, shall not be recovered through a <span class="dictionary">rate</span> adjustment clause pursuant to subdivision A 6 of &#xA7;&#xA0;<a class="law" title="Generation, distribution, and transmission rates after capped rates terminate or expire" href="/56-585.1/">56-585.1</a>, and shall not be eligible for a customer credit reinvestment offset pursuant to subdivision A 8 d of &#xA7;&#xA0;<a class="law" title="Generation, distribution, and transmission rates after capped rates terminate or expire" href="/56-585.1/">56-585.1</a>. To the extent that the provisions of this section are inconsistent with the provisions of &#xA7;&#xA0;<a class="law" title="Generation, distribution, and transmission rates after capped rates terminate or expire" href="/56-585.1/">56-585.1</a>, the provisions of this section shall control.</p></section></text><history>2021, Sp. Sess. I, c. 268.</history><metadata></metadata></law>
