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Committee backs bill to allow utilities to recover certain water infrastructure costs
Summary
Senate Bill 850, modeled on the gas SAVE mechanism, would let water and wastewater utilities recover approved investments more predictably; the committee adopted a substitute and reported the bill after proponents said the change aids timely investment.
Senate Bill 850, presented to the committee as a water‑sector counterpart to Virginia’s existing SAVE mechanism for natural gas utilities, would authorize an eligible infrastructure replacement enhancement rider for water and wastewater utilities. Sponsors and utility representatives said the rider gives potential buyers and utilities clarity about cost recovery for capital projects that preserve water-system safety, reliability or compliance with state and…
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