                                 CODE OF VIRGINIA

RECOVERY OF COSTS ASSOCIATED WITH INVESTMENT IN TRANSPORTATION ELECTRIFICATION
(§ 56-585.1:13)

Beginning July 1, 2021, any approved costs of any investor-owned electric
utility associated with investment in transportation electrification, other than
those costs approved prior to July 1, 2021, shall be recovered only through the
utility&#8217;s rates for generation and distribution, shall not be recovered
through a rate adjustment clause pursuant to subdivision A 6 of § 56-585.1, and
shall not be eligible for a customer credit reinvestment offset pursuant to
subdivision A 8 d of § 56-585.1. To the extent that the provisions of this
section are inconsistent with the provisions of § 56-585.1, the provisions of
this section shall control.

HISTORY: 2021, Sp. Sess. I, c. 268.