The Virginia Supreme Court on Thursday upheld a state law that suspends regulatory review of electric rates.
The court ruled 6-1 in favor of a 2015 law shields utilities from giving refunds or having to lower their rates and prevents them from raising their base rates for several years.
The legal challenge was mounted by the Old Dominion Committee for Fair Utility Rates and the Virginia Committee for Fair Utility Rates, which represent large industrial customers of Appalachian Power Co. and Dominion Energy, respectively.
