RICHMOND – The State Corporation Commission (SCC) is offering an opportunity for members of the public to hear presentations regarding personal motor vehicle (auto) and homeowners insurance rates in Virginia. The presentations will be held on Thursday, October 24, 2024, at 9:30 a.m. in the Commission's Courtroom C, located on the second floor of the SCC’s headquarters at 1300 East Main Street in Richmond. The presentations also will be broadcast online through a live webcast available through the SCC’s website.

These presentations – from a sampling of auto and homeowners insurers representative of those doing business in Virginia – will address the following:

• Trends affecting rates in Virginia;
• How rates in Virginia compare to rates in other states;
• The outlook for future rate changes;
• Steps being taken or anticipated to control or mitigate rate increases, and
• Options that are available to policyholders to lower rates.

In addition, the SCC’s Bureau of Insurance (Bureau) will provide an overview of its role in the rate process and review for auto and homeowners insurance rates and information regarding the market for these types of insurance in Virginia.

To listen to the presentations, visit Virginia SCC - Webcasts on the day of the presentations.

When considering purchasing auto and homeowners insurance, the Bureau encourages Virginians to shop around and compare costs, additional coverage options, deductibles, limits and any applicable exclusions. The Bureau offers a variety of resources regarding auto and homeowners insurance on its website – including online tools to help Virginians shop for and compare auto and homeowners insurance premiums – at Virginia SCC - Property & Casualty.

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Contact: Katha Treanor, 804-371-9141

INS-2024-00088 - SCC Ex Parte: 2024 State of the Market Presentations as Directed by the Commission 

RICHMOND – The State Corporation Commission has scheduled a technical conference to explore the effects of the increasing number of large-use retail electric customers on Virginia’s utilities, ratepayers and power grid.

The December 16, 2024, proceeding will consider current and future challenges presented by the growth of such “hyperscale” power users across the Commonwealth. Large power users such as data centers could bring an “unprecedented” amount of new load for electric utilities, creating complications and risks the utilities have not previously encountered, the Commissioners said. 

The technical conference is intended to identify potential frameworks that facilitate service; address risks and issues of the increased usage; are just and reasonable to current and future customers; and meet current Virginia statutes. In addition, this proceeding may examine, to the extent relevant, issues related to the co-location of generation resources at new large-use customer load sites.
The Commission also identified three main questions to be addressed: 

1. Should the Commission establish a tariff framework and terms of service for these large-scale customers?
2. Should certain transmission costs be directly assigned to a new large-use customer class?
3. Should certain generation costs be directly assigned to a new large-use customer class?

Anyone interested in participating as a panelist should submit a self-nomination by email to tech-conf-PUR-2024-00144@scc.virginia.gov no later than October 22, 2024. All submissions should refer to Case No. PUR-2024-00144. Following the technical conference, it is the Commission's intent to invite all interested persons to submit post-technical conference comments addressing some or all of the issues raised during the technical conference.

The technical conference will be open to the public and streamed as a webcast.

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Contact: Greg Weatherford, 804-371-9141

PUR-2024-00144-Scheduling-Order-and-Notice