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Utility Regulation

The 2007 General Assembly passed legislation (Senate Bill 1416 and House Bill 3068) re-establishing retail rate regulation for most of the electricity customers in the Commonwealth.

Electricity customers with annual demands greater than five megawatts will continue to have the option to shop for competitive electricity supply. In addition, retail customers may purchase electricity supply from 100 percent renewable sources from competitive suppliers if their local utility company does not include renewable energy as a source of generation.

The 2007 legislation continued the policy to allow retail customers of Virginia’s two largest gas companies, Columbia Gas and Washington Gas Light, to select other companies to provide their gas supply service.

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