VirginiaElectric utilities; recovery of certain project development costs.
What it does
Electric utilities; recovery of certain project development costs. Permits an investor-owned electric utility to petition the State Corporation Commission at any time for the approval of a rate adjustment clause for the recovery of project development costs for up to five electric generation facilities, regardless of fuel source. The bill also exempts such facilities from requirements in existing law to retire or decommission such facilities.
More detail
The provisions of the bill have a contingent expiration date of one year after the effective date of any regulations promulgated by the State Air Pollution Control Board to establish carbon dioxide emissions allowances pursuant to current law.
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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
- Feb 18Left in Labor and CommerceLatest
- Feb 4Fiscal Impact Statement from State Corporation Commission (HB1275)
- Jan 14Referred to Committee on Labor and CommerceMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26105378DIntroduced