VirginiaElectric utilities; performance-based regulatory framework.
What it does
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.
More detail
As introduced, this bill was a recommendation of the Commission on Electric Utility Regulation. This bill is identical to SB 251.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 13Approved by Governor Abigail Spanberger-Chapter 701 (effective 7/1/2026)Became Law
- Apr 6Fiscal Impact Statement from State Corporation Commission (HB903)
- Mar 31Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 31Enrolled Bill communicated to Governor on March 31, 2026Minor
- Mar 31Signed by SpeakerMajor
- Mar 30Signed by PresidentMajor
- Mar 30Bill text as passed House and Senate (HB903ER)Major
- Mar 30EnrolledMinor
- Mar 12Fiscal Impact Statement from State Corporation Commission (HB903)
- Mar 11Senate substitute with amendment agreed to by House (84-Y 13-N 0-A)Major
- Vote recorded H VOTE:. Result: pass.Lower
- Mar 10Passed Senate with substitute with amendment (23-Y 17-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Mar 10Engrossed by Senate - committee substitute as amendedMajor
- Mar 10Finance and Appropriations Amendment agreed toMajor
- Mar 10Rules Substitute agreed to
- Mar 10Read third timeMinor
- Mar 9Passed by for the day Block Vote (Voice Vote)
- Vote recorded Constitutional reading dispensed (on 2nd reading). Result: pass.Upper
- Mar 9Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
- Mar 9Rules suspended
- Mar 6Reported from Finance and Appropriations with amendment (10-Y 5-N)Minor
- Vote recorded Reported from Finance and Appropriations with amendment. Result: pass.Upper
- Feb 27Committee substitute printed 26108813D-S1Major
- Vote recorded Reported from Rules with substitute. Result: pass.Upper
- Feb 27Reported from Rules with substitute and rereferred to Finance and Appropriations (12-Y 3-N)Minor
- Feb 18Referred to Committee on RulesMinor
- Feb 18Constitutional reading dispensed (on 1st reading)
- Feb 17Read third time and passed House (97-Y 0-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 16Read second time and engrossedMinor
- Feb 13Read first timeMinor
- Feb 11Reported from Appropriations (22-Y 0-N)Minor
- Vote recorded Reported from Appropriations. Result: pass.Lower
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Feb 11Subcommittee recommends reporting (7-Y 0-N)
- Feb 6Assigned HAPP sub: Commerce Agriculture & Natural ResourcesMinor
- Vote recorded Reported from Rules. Result: pass.Lower
- Feb 6Reported from Rules and referred to Appropriations (16-Y 0-N)Minor
- Feb 2Subcommittee recommends reporting and referring to Appropriations (5-Y 0-N)
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Feb 1Fiscal Impact Statement from State Corporation Commission (HB903)
- Jan 30Assigned HRUL sub: Studies SubcommitteeMinor
- Jan 13Referred to Committee on RulesMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26104384DIntroduced