‘AEP Accountability Act' fails to pass Virginia General Assembly
ROANOKE, Va. (WFXR) – An electric utilities proposal before the General Assembly that would have allowed AEP customers greater freedom to choose service providers in the state of Virginia has failed.
Proposal SB1281, known as the AEP Accountability Act, was sponsored by Virginia State Senator Travis Hackworth (R) of District 5 and would have allowed any customers of a Phase I Utility using 1,000kWh/month exceeding 125% of the statewide average to purchase energy from any licensed supplier in the Commonwealth. Additionally, it would have decreased the allowed period for customers switching to a competing supplier from being barred as a returning as a customer from 5 years to 90 days.
AEP is seeking grants for small advanced nuclear sites in Virginia
On Tuesday, January 28, Sen. Hackworth released a statement on social media that said,
'I am deeply disappointed in the vote to defeat my commonsense legislation to allow greater freedom for Appalachian Power customers. The people in Southwest Virginia are hurting. We need relief and we need it now.
This afternoon, I proposed a limited pilot program that would allow local governments to aggregate their locality's customers together and select a licensed supplier to provide their power generation. This pilot program would provide meaningful relief.
But, at the end of the day, I don't care what the relief looks like. It just needs to happen. This fight isn't over.
Appalachian Power needs to listen to the cries of their customers and work with us to bring their rates down to the levels of their competitors.'
The proposal was 'passed by indefinitely' in committee indicating it failed in an 8Y – 7N vote.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 days ago
- Yahoo
Leadership Changes Announced At American Electric Power Company (NasdaqGS:AEP) To Support Long-Term Strategy
American Electric Power Company recently announced executive leadership changes, including the appointments of Rob Berntsen and Johannes Eckert to key roles. Despite this news, AEP's share price remained flat over the past week amidst a shifting market context influenced by global events and anticipation of the Federal Reserve's interest rate decision. As stock markets experienced slight upticks, with the Dow and S&P 500 posting gains, AEP's market performance was consistent with broader trends, neither contributing significantly to nor deviating from the relative market stability observed during the period. We've discovered 2 risks for American Electric Power Company (1 is significant!) that you should be aware of before investing here. Explore 24 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent executive leadership changes at American Electric Power Company could influence the company's strategic plans and potentially refine its focus on regulatory and investment initiatives. While short-term share price movement remained stagnant following the announcement, AEP has achieved a significant total return of 50.81% over the past five years, illustrating the company's potential for consistent shareholder returns over longer periods. Over the past year, AEP matched the US Electric Utilities industry's return of 15.8%, indicating its competitive performance within its sector. Considering the company's future growth strategies, the leadership changes could play a role in solidifying regulatory activities and capital investment plans, which are vital for the anticipated revenue and earnings growth. Despite recent stability in share price, analysts have set a price target of approximately US$109, slightly above the current share price of US$107.44, suggesting anticipation of modest growth in value. The leadership team's effectiveness in implementing AEP's growth strategies could thus impact both revenue forecasts and the achievement of these targets. As the company maneuvers through regulatory risks and capital requirements, the updated management structure might influence its ability to optimize earnings growth. Gain insights into American Electric Power Company's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:AEP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
7 days ago
- Yahoo
2025 Virginia June 17 Primary Election
ROANOKE, Va. (WFXR) – Primary elections in Virginia are tomorrow on June 17, and all 133 Virginia counties and cities will have a Democratic primary, but only 31 will have a Republican primary. On the ballot this year in Virginia are Democratic Party primaries for lieutenant governor and attorney general, as well as primaries for both Democratic and Republican nominees for House of Delegates seats and local races. Spanberger in Norfolk to announce plan to lower Virginia energy costs Since only one gubernatorial candidate for each party qualified for the ballot, there will be no primary election for governor. Only those House of Delegates districts where more than one candidate qualified for the ballot will have a primary election. Important dates for the June 17 election cycle: June 17 – ELECTION DAY June 20 – All mailed ballots must be received by the general registrar's office by noon. June 23 – Deadline for the local electoral board to certify provisional ballots. July 1 – State Board of Elections certifies results. Is the GOP ticket unified in Virginia ahead of November? A full list of candidates in all 2025 races can be found online. Virginia Dept. of Elections: Candidates & Referendums. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
12-06-2025
- Yahoo
Spanberger proposes extra time on evictions and to decrease homelessness
ROANOKE, Va. (WFXR) – One of the issues in this year's gubernatorial race is the lack of affordable housing in the commonwealth to meet the demand. Abigail Spanberger released a housing plan a housing plan in which she believes will decrease the rate of homelessness and evictions by increasing the time that landlords have to wait before they can evict from five days to two weeks. 'Your Local Election HQ' on Spanberger said, 'Among the proposals in my agenda is lengthening that time frame from a missed payment to eviction proceedings to ensure that somebody can get the next paycheck and to be able to get back on their feet if there was some other unexpected expense.' Republican candidate Winsome Earle-Sears did not respond to requests for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.