# Virginia HB903: Electric utilities; performance-based regulatory framework.

Virginia HB903, Electric utilities; performance-based regulatory framework., is a 2026 Regular Session House bill sponsored by Richard C. "Rip" Sullivan, Jr. (Democratic); status signed, last action 2026-04-13 (Acts of Assembly Chapter text (CHAP0701)); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/VA-HB903-2026
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB903
- State: Virginia
- Session: 2026 Regular Session
- Title: Electric utilities; performance-based regulatory framework.
- Status: signed
- Chamber: House
- Introduced: 2026-01-13
- Last action: 2026-04-13, Acts of Assembly Chapter text (CHAP0701)
- Sponsor: Richard C. "Rip" Sullivan, Jr. (Democratic)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 13 (316 yes, 38 no in all)
- Economic provisions PRIA read: 4

## Summary

Electric utilities; performance-based regulation; work group; report. Directs the State Corporation Commission to independently consider whether elements of an effective performance-based regulatory framework to evaluate and potentially improve electric utility performance and cost control incentives in the Commonwealth are in the public interest and to develop related legislative recommendations. The bill requires the Commission to include its findings and recommendations in a report required by existing law by July 1, 2027. As introduced, this bill was a recommendation of the Commission on Electric Utility Regulation. This bill is identical to SB 251.

## Bill overview: provisions PRIA read

- Public comments and experts in study: benefit, low. The SCC allows public comments and holds technical conferences. Consumer advocates, utilities, experts, and the Consumer Counsel take part. The SCC may hire outside experts to help its review. These steps increase transparency and do not change bills now.
- SCC report due July 1, 2027: benefit, low. By July 1, 2027, the SCC submits its findings and recommendations to the named legislative committees. It also posts the report on its website for the public. The deadline and public posting add transparency. They do not change bills now.
- SCC studying utility performance incentives: mixed, low. The law directs the State Corporation Commission to study and recommend performance-based rules for investor-owned electric utilities. It reviews combining rate adjustment riders and moving some costs into base rates. It examines shared fuel-cost risk between utilities and customers. It considers s…
- Utilities must provide data to SCC: mixed, low. Each electric utility must give the SCC any information it requests for these studies. This supports a full review. Complying can add administrative costs for utilities, which could matter in later cases. It does not change bills today.

## Sponsors and cosponsors

- Sponsor: Richard C. "Rip" Sullivan, Jr. (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-11 | House | Senate substitute with amendment agreed to by House | pass | 84 | 13 |   |
| 2026-03-10 | Senate | Rules Substitute agreed to | pass | 0 | 0 |   |
| 2026-03-10 | Senate | Passed Senate with substitute with amendment | pass | 23 | 17 |   |
| 2026-03-10 | Senate | Finance and Appropriations Amendment agreed to | pass | 0 | 0 |   |
| 2026-03-09 | Senate | Constitutional reading dispensed Block Vote (on 2nd reading) | pass | 40 | 0 |   |
| 2026-03-09 | Senate | Passed by for the day Block Vote (Voice Vote) | pass | 0 | 0 |   |
| 2026-03-06 | Senate | Reported from Finance and Appropriations with amendment | pass | 10 | 5 |   |
| 2026-02-27 | Senate | Reported from Rules with substitute and rereferred to Finance and Appropriations | pass | 12 | 3 |   |
| 2026-02-17 | House | Read third time and passed House Block Vote | pass | 97 | 0 |   |
| 2026-02-11 | House | Subcommittee recommends reporting | pass | 7 | 0 |   |
| 2026-02-11 | House | Reported from Appropriations | pass | 22 | 0 |   |
| 2026-02-06 | House | Reported from Rules and referred to Appropriations | pass | 16 | 0 |   |
| 2026-02-02 | House | Subcommittee recommends reporting and referring to Appropriations | pass | 5 | 0 |   |

## Actions (36)

- 2026-04-13: Acts of Assembly Chapter text (CHAP0701) (Governor)
- 2026-04-13: Approved by Governor-Chapter 701 (effective 7/1/2026) (Governor)
- 2026-04-06: Fiscal Impact Statement from State Corporation Commission (HB903) (House)
- 2026-03-31: Governor's Action Deadline 11:59 p.m., April 13, 2026 (Governor)
- 2026-03-31: Enrolled Bill communicated to Governor on March 31, 2026 (House)
- 2026-03-31: Signed by Speaker (House)
- 2026-03-30: Bill text as passed House and Senate (HB903ER) (House)
- 2026-03-30: Enrolled (House)
- 2026-03-30: Signed by President (Senate)
- 2026-03-12: Fiscal Impact Statement from State Corporation Commission (HB903) (House)
- 2026-03-11: Senate substitute with amendment agreed to by House (84-Y 13-N 0-A) (House)
- 2026-03-10: Passed Senate with substitute with amendment (23-Y 17-N 0-A) (Senate)
- 2026-03-10: Finance and Appropriations Amendment agreed to (Senate)
- 2026-03-10: Rules Substitute agreed to (Senate)
- 2026-03-10: Engrossed by Senate - committee substitute as amended (Senate)
- 2026-03-10: Read third time (Senate)
- 2026-03-09: Passed by for the day Block Vote (Voice Vote) (Senate)
- 2026-03-09: Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A) (Senate)
- 2026-03-09: Rules suspended (Senate)
- 2026-03-06: Reported from Finance and Appropriations with amendment (10-Y 5-N) (Senate)
- 2026-02-27: Committee substitute printed 26108813D-S1 (Senate)
- 2026-02-27: Reported from Rules with substitute and rereferred to Finance and Appropriations (12-Y 3-N) (Senate)
- 2026-02-18: Referred to Committee on Rules (Senate)
- 2026-02-18: Constitutional reading dispensed (on 1st reading) (Senate)
- 2026-02-17: Read third time and passed House Block Vote (97-Y 0-N 0-A) (House)
- 2026-02-16: Read second time and engrossed (House)
- 2026-02-13: Read first time (House)
- 2026-02-11: Subcommittee recommends reporting (7-Y 0-N) (House)
- 2026-02-11: Reported from Appropriations (22-Y 0-N) (House)
- 2026-02-06: Reported from Rules and referred to Appropriations (16-Y 0-N) (House)
- 2026-02-06: Assigned HAPP sub: Commerce Agriculture & Natural Resources (House)
- 2026-02-02: Subcommittee recommends reporting and referring to Appropriations (5-Y 0-N) (House)
- 2026-02-01: Fiscal Impact Statement from State Corporation Commission (HB903) (House)
- 2026-01-30: Assigned HRUL sub: Studies Subcommittee (House)
- 2026-01-13: Referred to Committee on Rules (House)
- 2026-01-13: Prefiled and ordered printed; Offered 01-14-2026 26104384D (House)

## Bill text

- Chaptered, 2026-04-13: [HTML](https://lis.blob.core.windows.net/files/1222267.HTML), [PDF](https://lis.blob.core.windows.net/files/1222266.PDF)
- Enrolled, 2026-03-30: [HTML](https://lis.blob.core.windows.net/files/1212436.HTML), [PDF](https://lis.blob.core.windows.net/files/1212435.PDF)
- Amendment, 2026-03-10: [HTML](https://lis.blob.core.windows.net/files/1204042.HTML)
- Amendment, 2026-03-09: [HTML](https://lis.blob.core.windows.net/files/1199901.HTML)
- Substitute, 2026-02-27: [HTML](https://lis.blob.core.windows.net/files/1187356.HTML), [PDF](https://lis.blob.core.windows.net/files/1187355.PDF)
- Introduced, 2026-01-13: [HTML](https://lis.blob.core.windows.net/files/1086386.HTML), [PDF](https://lis.blob.core.windows.net/files/1086385.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Chaptered (HTML)](https://lis.blob.core.windows.net/files/1222267.HTML)
- [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1222266.PDF)
- [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1212436.HTML)
- [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1212435.PDF)
- [Amendment (HTML)](https://lis.blob.core.windows.net/files/1204042.HTML)
- [Amendment (HTML)](https://lis.blob.core.windows.net/files/1199901.HTML)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1187356.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1187355.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1086386.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1086385.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB903-2026 (as of 2026-10-12).