By George Copeland, Jr.
Capital News Service
RICHMOND — A senator’s repeat attempt to prohibit campaign donations from Dominion Energy and other regulated monopolies was struck down by a Senate committee Tuesday.
Senate Bill 10 would have banned candidates from soliciting or accepting donations from any public service corporation, and any political action committees those corporations created and controlled. The Senate Privileges and Elections Committee effectively killed the bill by Sen. Chap Petersen, D-Fairfax, on a 12-2 vote. Sens. Amanda Chase, R-Chesterfield, and Creigh Deeds, D-Bath, opposed.
Petersen’s bill, co-patroned by Sen. Jeremy McPike, D-Prince William, was nearly identical to legislation the Fairfax lawmaker filed last year.
“Sen. Petersen will continue the fight to keep monopoly money out of Virginia politics,” said Alex Parker, the senator’s political director.
In his statement to the committee, Petersen said he sought the ban because of the electricity-rate freeze approved by the General Assembly in 2015 that resulted in “transferring several hundred million dollars in wealth from rate-payers to the profits, the shareholders of these companies.” On Monday, Petersen’s attempt to roll back the freeze, which applied to Dominion and Appalachian Power Co., also failed in committee — though the issue could be pushed in legislation by other lawmakers this session.
“I felt like one of the root causes why my legislation was not successful, why we passed these underlying bills, was money had corrupted the process,” Petersen said.
Petersen didn’t name any specific corporations during his statement, but the legislation’s largest impact would have been on the role of Dominion, the largest corporate donor to Republican and Democratic legislators, governors and other elected officials in Virginia.
Several committee members critiqued Petersen’s bill and its potential effects. Petersen himself admitted the bill wasn’t perfect, and was resigned to its failure. But he also made clear that he believed the legislation had broad public support. Recalling a 2017 town hall meeting where he discussed the bill, Petersen said, “It remains the only time that I’ve been in politics, 20 years, that I’ve gotten a standing ovation.”
He added, “Until you take the money from public service corporations out of this body, you will continue to get flawed legislation like the rate freeze.”