Frank W Wagner

What to watch: The fight over Virginia's electric rates

Virginia's General Assembly is in the middle of a contentious fight over electric rates that could impact monthly utility bills for most businesses and residents.

A bipartisan group of lawmakers led by Republican Sen. Frank Wagner and Democratic Sen. Dick Saslaw is set to unveil utility-backed legislation tomorrow overhauling how the state regulates electric monopolies. The legislature is considering other regulation bills, some not as industry friendly, as well.

It could all result in the biggest impact on Virginians' wallets the General Assembly makes this year. If nothing is passed, customers of Dominion Energy — the state's largest utility — could be on the hook for...