VirginiaHB4292026 Regular SessionHouseWALLET

Electric utilities; definitions, integrated resource plans, report.

Sponsored By: Destiny LeVere Bolling (Democratic)

Signed by Governor

Summary

Electric utilities; integrated resource plans. Makes various changes related to the content and process for an integrated resource plan (IRP) developed by an electric utility that provides a forecast of its load obligations and a plan to meet those obligations. The bill (i) extends the planning timeframe from 15 to 20 years; (ii) requires Appalachian Power to file an IRP by removing an exception from the definition of "electric utility"; (iii) changes the frequency with which a utility is required to file an IRP from biennially to triennially; (iv) requires utilities to consider the use of grid-enhancing technologies as alternatives to new transmission infrastructure, and when new transmission lines are envisioned, to provide the reasons grid-enhancing technologies are not sufficient to defer or eliminate the need for new transmission infrastructure; and (v) requires utilities to consider the use of surplus interconnection service, as defined in the bill, to add new electric generation projects and energy storage resources to the grid. The bill requires that the current stakeholder review process for integrated resource plans be facilitated by a third-party facilitator selected by the State Corporation Commission and compensated by the utility. The bill requires, as part of the stakeholder review process, the utility to provide stakeholders with reasonable access to the same modeling software, modeling assumptions, modeling inputs, and data used by the utility to evaluate supply and demand resources in its integrated resource plan to enable stakeholders to create modeling scenarios for the utility's consideration during the development of its integrated resource plan. The bill requires the State Corporation Commission to (a) establish guidelines that ensure that utilities develop comprehensive integrated resource plans and provide meaningful public engagement and maximum transparency during the planning process; (b) conduct a proceeding by July 1, 2027, and at least once every five years thereafter, to identify and review each of its existing orders relevant to integrated resource plans to determine if such orders remain necessary and effective and are not overly burdensome; and (c) convene a work group to make recommendations on the required guidelines. As introduced, this bill was a recommendation of the Commission on Electric Utility Regulation. This bill is identical to SB 249.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 0 benefits, 0 costs, 4 mixed.

Electric utilities face broader planning rules

More investor-owned electric utilities serving Virginia retail customers must prepare plans for future power needs. Plans must compare at least three scenarios, name one preferred plan, and identify least-cost options. Every scenario must meet required energy-saving targets, and at least one must exceed them. Plans must include carbon costs at least as high as the State Corporation Commission’s carbon pricing benchmark. They must combine power supply, transmission, local grid planning, storage, and demand-reduction measures while supporting reliability and reasonable prices. Required modeling covers batteries, managed electric vehicle charging, and vehicles supplying power back to the grid. Plans must consider data center efficiency and special rates, use diverse resources, and explain technology deployment limits. When planning new infrastructure, utilities must explain why grid upgrades, including advanced wires, cannot avoid or delay new transmission construction. Modeling must support regional and location-specific data unless disclosure creates a security risk. These are planning rules, not guaranteed household bill savings.

Public gains access to utility planning

Utilities must hold yearly public stakeholder reviews led by a third party chosen by the State Corporation Commission. Utilities pay for the facilitator and outreach. Stakeholders get reasonable access to the same planning software, assumptions, inputs, and data the utility uses. Utilities can require confidentiality agreements and deny access to stakeholders who refuse to sign. Stakeholders must submit their planning scenarios and supporting materials by June 1. A stakeholder work group must recommend planning guidelines by March 1, 2027. Its work covers model sharing, training, software licensing, utility experts, and public colleges helping stakeholders with modeling. The Commission must adopt regulations reflecting those recommendations by September 1, 2027, while supporting meaningful public participation and transparency.

Utilities face regular power plan deadlines

Under the law’s utility classes, Phase II utilities begin filing updated plans in 2027; Phase I utilities begin in 2028. Updated plans are due October 15, then every three years. The filing schedule also ties updated plans to the year before a utility’s biennial rate review. Each utility must submit an annual October 15 update explaining changed assumptions and their effects on its latest approved plan. Filing under this framework replaces the separate filing otherwise required under the prior planning rule. After notice and an opportunity to be heard, the State Corporation Commission has nine months to decide whether a plan is reasonable and serves the public interest. The Commission must begin reviewing planning-related orders by July 1, 2027, and at least every five years afterward.

Utilities must disclose power plant retirement studies

Each power plan must include retirement studies for utility-owned Virginia facilities that release carbon dioxide from burning fuel. Utilities must disclose study results, retirement factors, and expected retirement years to specified local governments and state entities. Public disclosure follows applicable disclosure law. The studies do not themselves require plants to close.

Sponsors & Cosponsors

Sponsor

  • Destiny LeVere Bolling

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 322 • No: 188

Senate vote • 3/14/2026

Conference report agreed to by Senate

Yes: 21 • No: 18

House vote • 3/14/2026

Conference report agreed to by House

Yes: 72 • No: 24

Senate vote • 3/12/2026

Senate insisted on substitute Block Vote

Yes: 40 • No: 0

House vote • 3/11/2026

Senate substitute rejected by House

Yes: 0 • No: 99

Senate vote • 3/10/2026

Passed Senate with substitute

Yes: 21 • No: 19

Senate vote • 3/10/2026

Commerce and Labor Substitute agreed to

Yes: 0 • No: 0

Senate vote • 3/9/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote • 3/9/2026

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote • 3/6/2026

Reported from Finance and Appropriations

Yes: 10 • No: 4

Senate vote • 3/2/2026

Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations

Yes: 8 • No: 6

House vote • 2/11/2026

Read third time and passed House

Yes: 84 • No: 13

House vote • 2/5/2026

Reported from Labor and Commerce with substitute

Yes: 17 • No: 5

House vote • 2/3/2026

Subcommittee recommends reporting with substitute

Yes: 9 • No: 0

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0607)

    4/13/2026Governor
  2. Approved by Governor-Chapter 607 (effective 7/1/2026)

    4/13/2026Governor
  3. Fiscal Impact Statement from State Corporation Commission (HB429)

    4/6/2026House
  4. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/31/2026Governor
  5. Enrolled Bill communicated to Governor on March 31, 2026

    3/31/2026House
  6. Signed by Speaker

    3/31/2026House
  7. Bill text as passed House and Senate (HB429ER)

    3/30/2026House
  8. Enrolled

    3/30/2026House
  9. Signed by President

    3/30/2026Senate
  10. Conference report agreed to by Senate (21-Y 18-N 0-A)

    3/14/2026Senate
  11. Conference report agreed to by House (72-Y 24-N 0-A)

    3/14/2026House
  12. Conference Report released

    3/14/2026
  13. House Conferees: LeVere Bolling, Shin, O'Quinn

    3/12/2026House
  14. Conferees appointed by House

    3/12/2026House
  15. House acceded to request

    3/12/2026House
  16. Senate insisted on substitute Block Vote (40-Y 0-N 0-A)

    3/12/2026Senate
  17. Conferees appointed by Senate

    3/12/2026Senate
  18. Senate Conferees: Surovell, Rouse, Obenshain

    3/12/2026Senate
  19. Senate requested conference committee

    3/12/2026Senate
  20. Senate substitute rejected by House (0-Y 99-N 0-A)

    3/11/2026House
  21. Passed Senate with substitute (21-Y 19-N 0-A)

    3/10/2026Senate
  22. Commerce and Labor Substitute agreed to

    3/10/2026Senate
  23. Engrossed by Senate - committee substitute

    3/10/2026Senate
  24. Read third time

    3/10/2026Senate
  25. Passed by for the day Block Vote (Voice Vote)

    3/9/2026Senate

Bill Text

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