VirginiaHB8922026 Regular SessionHouseWALLET

Electric utilities; integrated resource plans; SCC to investigate electric load forecasts.

Sponsored By: Irene Shin (Democratic)

Signed by Governor

Summary

Electric utilities; integrated resource plans; State Corporation Commission to investigate electric load forecasting practices. Requires Dominion Energy to provide information related to forecasting its compliance with renewable energy portfolio standards in its integrated resource plan submitted to the State Corporation Commission, excluding information related to accelerated renewable energy buyers or customers purchasing electricity from a licensed supplier. The bill also directs the Commission to initiate a proceeding no later than March 1, 2027, to investigate electric load forecasting practices by Dominion Energy, Appalachian Power Company, and electric distribution cooperatives.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

State reviews utility electricity demand forecasts

The State Corporation Commission must start one electricity demand forecast investigation by March 1, 2027. It covers Virginia's Phase I and Phase II utilities, electric distribution cooperatives, and utility forecasting services performed for cooperatives. The Commission must review materials submitted to PJM, the regional grid operator, and assess forecast accuracy, consistency, and transparency. It must check whether forecasts incorporate risk-reducing terms, including financial commitments and minimum demand obligations from large electricity customers. It may require anonymized data so a contracted outside reviewer can reproduce forecasts and find potentially duplicated demand data. Confidentiality protections must protect location-specific and customer-specific information. The Commission must coordinate with PJM to ensure fair, accurate regional planning without counting demand twice. The law does not specify a household rate or bill change.

Utilities must plan for reliable power

Virginia utilities must link electricity demand forecasts to plans for reliable service at reasonable long-term prices. Plans must cover existing and planned power plants, power purchases, cost-effective demand reduction, and energy storage. Their supply mix must meet expected demand after demand reductions and limit reliance on any single fuel or resource. Plans may consider low-cost short-term or spot-market power, but must reasonably assess price and supply risks. Plans must follow state energy policies and forecast compliance with renewable energy requirements. Those forecasts must exclude requirements tied to contracted accelerated renewable energy buyers and customers buying power from licensed suppliers. Utilities must also provide information the State Corporation Commission requests about meeting their retail power supply duties. The law does not set household electricity rates.

Sponsors & Cosponsors

Sponsor

  • Irene Shin

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 369 • No: 272

House vote • 4/22/2026

House concurred in Governor's recommendation

Yes: 63 • No: 33

Senate vote • 4/22/2026

Senate concurred in Governor's recommendation

Yes: 21 • No: 18

House vote • 3/14/2026

Conference report agreed to by House

Yes: 61 • No: 34

Senate vote • 3/14/2026

Conference report agreed to by Senate

Yes: 21 • No: 18

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: 18

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: 5

Senate vote • 3/2/2026

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

Yes: 8 • No: 5

House vote • 2/11/2026

Read third time and passed House

Yes: 63 • No: 32

House vote • 2/5/2026

Reported from Labor and Commerce with substitute

Yes: 15 • No: 7

House vote • 2/3/2026

Subcommittee recommends reporting with substitute

Yes: 6 • No: 3

Actions Timeline

  1. Senate concurred in Governor's recommendation (21-Y 18-N 0-A)

    4/22/2026Senate
  2. House concurred in Governor's recommendation (63-Y 33-N 0-A)

    4/22/2026House
  3. Acts of Assembly Chapter text (CHAP1077)

    4/22/2026Governor
  4. Reenrolled bill text (HB892ER2)

    4/22/2026House
  5. Reenrolled

    4/22/2026House
  6. Approved by Governor-Chapter 1077 (effective 7/1/2026)

    4/22/2026Governor
  7. Signed by President

    4/22/2026Senate
  8. Signed by Speaker

    4/22/2026House
  9. Governor's recommendation adopted

    4/22/2026Governor
  10. Fiscal Impact Statement from State Corporation Commission (HB892)

    4/13/2026House
  11. Governor's recommendation received by House

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

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

    3/31/2026House
  14. Signed by Speaker

    3/31/2026House
  15. Bill text as passed House and Senate (HB892ER)

    3/30/2026House
  16. Enrolled

    3/30/2026House
  17. Signed by President

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

    3/14/2026Senate
  19. Conference report agreed to by House (61-Y 34-N 0-A)

    3/14/2026House
  20. Conference Report released

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

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

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

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

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

    3/12/2026Senate

Bill Text

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