VirginiaSB2492026 Regular SessionSenateWALLET

Electric utilities; definitions, integrated resource plans, report.

Sponsored By: Scott A. Surovell (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 HB 429.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 0 costs, 3 mixed.

Utilities must disclose plant retirement studies

Virginia utilities must study retirement of their own Virginia facilities that release carbon dioxide from burning fuel. Results must appear in their long-term resource plans, including retirement reasons and anticipated retirement years. When filing, utilities must share results with planning district commissions and local governments. They must also notify the Department of Energy, Virginia Employment Commission, and Virginia Council on Environmental Justice. This requirement adds study and disclosure duties; it does not itself order plant closures or change electric bills.

Ratepayers gain access to utility planning

Each Virginia electric utility must hold yearly public reviews that include residential and industrial ratepayers and other interest groups. The State Corporation Commission chooses an independent facilitator from utility-submitted candidates, and the utility pays for the facilitator. Utilities must report their outreach and pre-filing meetings. Stakeholders get reasonable access to the same planning software, assumptions, inputs, and data used by the utility. Their scenarios are due June 1 of the plan-filing year; utilities can require confidentiality agreements before granting access. Public input does not guarantee changes to plans or electric bills.

Virginia utilities face stronger planning rules

Virginia electric utilities must plan 20 years ahead, comparing electricity demand, supply choices, costs, and reliability. Plans must name one preferred resource mix, identify least-cost options, and account for carbon costs, renewable-energy rules, and required retirements. They must cover generation, power purchases, substantial demand-reduction programs, and utility-scale and customer-side storage. At least three modeling scenarios are required. One must exceed energy-saving targets and maximize efficiency, demand response, off-peak pricing, storage, transmission upgrades, and grid-enhancing technologies. Utilities must assess low-cost market purchases, reliable long-term cost forecasts, and better use of existing grid connections and transmission. Utilities expecting new infrastructure must explain why grid-enhancing technologies cannot avoid or delay new transmission. Updated plans are due October 15, starting in 2027 for Phase II utilities and 2028 for Phase I utilities, then every three years. Every utility must also submit an annual update by October 15 showing changed planning assumptions and their effects. In updated-plan years, Phase I and Phase II utilities are excused from a separate filing required by another state planning rule. These requirements do not set household electric bills.

Sponsors & Cosponsors

Sponsor

  • Scott A. Surovell

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 286 • No: 150

Senate vote • 3/14/2026

Conference report agreed to by Senate

Yes: 20 • No: 18

House vote • 3/14/2026

Conference report agreed to by House

Yes: 63 • No: 34

Senate vote • 3/12/2026

Senate acceded to request Block Vote

Yes: 40 • No: 0

Senate vote • 3/12/2026

House substitute rejected by Senate

Yes: 0 • No: 40

House vote • 3/11/2026

Passed House with substitute

Yes: 66 • No: 32 • Other: 1

House vote • 3/5/2026

Reported from Labor and Commerce with substitute

Yes: 19 • No: 2

House vote • 3/3/2026

Subcommittee recommends reporting with substitute

Yes: 8 • No: 1

Senate vote • 2/13/2026

Read third time and passed Senate

Yes: 21 • No: 18

Senate vote • 2/12/2026

Committee substitute agreed to (Voice Vote)

Yes: 0 • No: 0

Senate vote • 2/11/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote • 2/11/2026

Constitutional reading dispensed Block Vote (on 1st reading)

Yes: 40 • No: 0

Senate vote • 2/9/2026

Reported from Commerce and Labor with substitute

Yes: 9 • No: 5

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0608)

    4/13/2026Governor
  2. Approved by Governor-Chapter 608 (effective 7/1/2026)

    4/13/2026Governor
  3. Fiscal Impact Statement from State Corporation Commission (SB249)

    4/6/2026Senate
  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

    3/31/2026Senate
  6. Signed by Speaker

    3/31/2026House
  7. Bill text as passed Senate and House (SB249ER)

    3/30/2026Senate
  8. Enrolled

    3/30/2026Senate
  9. Signed by President

    3/30/2026Senate
  10. Fiscal Impact Statement from State Corporation Commission (SB249)

    3/24/2026Senate
  11. Conference report agreed to by Senate (20-Y 18-N 0-A)

    3/14/2026Senate
  12. Conference report agreed to by House (63-Y 34-N 0-A)

    3/14/2026House
  13. Conference Report released

    3/14/2026
  14. Fiscal Impact Statement from State Corporation Commission (SB249)

    3/12/2026Senate
  15. House Conferees: LeVere Bolling, Shin, O'Quinn

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

    3/12/2026House
  17. Senate acceded to request Block Vote (40-Y 0-N 0-A)

    3/12/2026Senate
  18. House requested conference committee

    3/12/2026House
  19. House insisted on substitute

    3/12/2026House
  20. House substitute rejected by Senate (0-Y 40-N 0-A)

    3/12/2026Senate
  21. Senate acceded to request

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

    3/12/2026Senate
  23. Senate Conferees: Surovell, Bagby, Stanley

    3/12/2026Senate
  24. Passed House with substitute (66-Y 32-N 1-A)

    3/11/2026House
  25. Engrossed by House - committee substitute

    3/11/2026House

Bill Text

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