VirginiaElectric utilities; recovery of development costs associated with small modular reactor.
What it does
Electric utilities; recovery of development costs associated with small modular reactor. Permits the State Corporation Commission to impose, as part of a final order approving cost recovery for Dominion Energy for project development of a small modular reactor (SMR), a deadline to either (i) place the SMR into commercial operation or (ii) refund all SMR project development costs recovered from customers. Current law allows the Commission to place such a deadline on either (a) placing the SMR into commercial operation or (b) selling the permitted site and returning the proceeds of such sale to customers.
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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
- Jan 22Subcommittee recommends laying on the table (8-Y 2-N)
- Vote recorded Subcommittee recommends laying on the table. Result: pass.Lower
- Jan 19Fiscal Impact Statement from State Corporation Commission (HB74)
- Jan 15Assigned HCL sub: Subcommittee #3Minor
- 2025
- Dec 31Referred to Committee on Labor and CommerceMinor
- Dec 31Prefiled and ordered printed; Offered 01-14-2026 26102923DIntroduced