What is ‘performance-based regulation’, and how can it lower utility bills?

By: Shannon Heckt

Outlets: Virginia Mercury

Published: February 23, 2026

Words: 738

Last Updated: 2 weeks, 4 days ago

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Lawmakers are advancing legislation that could lay the groundwork for future bills aimed at pushing major utilities to lower costs, reduce outages and improve customer service through a model known as “Performance Based Regulation.”

Senate Bill 251, sponsored by Sen. Scott Surovell, D-Fairfax, and House Bill 903, sponsored by Del. Rip Sullivan, D-Fairfax, would direct the State Corporation Commission to establish a study group to determine how to implement regulatory changes designed to …

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