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VA HB429

VA HB429
Electric utilities; integrated resource plans, report


summary

Introduced
01/12/2026
In Committee
03/06/2026
Crossed Over
02/10/2026
Passed
Dead

Introduced Session

2026 Regular Regular Session

Bill 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 that 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.The bill also requires the Commission on Electric Utility Regulation to convene a work group to develop recommendations related to planning for grid stability and reliability and energy affordability between certain cooperatives and generation and transmission services providers, system owners, and wholesale power providers; and to submit a report of its findings and recommendations to the State Corporation Commission and the General Assembly by October 1, 2026.

AI Summary

This bill modifies the process and content of integrated resource plans (IRPs), which are forecasts by electric utilities of their future electricity needs and how they will meet them. Key changes include extending the planning timeframe from 15 to 20 years, requiring Appalachian Power to file an IRP, and shifting the filing frequency from every two years to every three years. The bill also mandates that utilities consider "grid-enhancing technologies" (technologies that maximize electricity flow and grid reliability, such as dynamic line ratings or storage used as a transmission asset) as alternatives to new transmission infrastructure, and if new transmission lines are still proposed, utilities must explain why these technologies are insufficient. Furthermore, utilities must now consider using "surplus interconnection service" (unused capacity at connection points) to add new generation and energy storage projects. The stakeholder review process for IRPs will be facilitated by an independent third party chosen by the State Corporation Commission and paid for by the utility, and utilities must provide stakeholders with access to their modeling tools and data. The State Corporation Commission will establish guidelines for comprehensive IRPs, public engagement, and transparency, and will periodically review its own orders related to IRPs. Additionally, a work group will be convened to recommend guidelines for IRPs, and another work group will focus on grid stability, reliability, and energy affordability for electric cooperatives.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Reported from Finance and Appropriations (10-Y 4-N) (on 03/06/2026)

bill text


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bill summary

Document Type Source Location
State Bill Page https://lis.virginia.gov/bill-details/20261/HB429
Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB429) https://lis.blob.core.windows.net/files/1197560.PDF
BillText https://lis.virginia.gov/bill-details/20261/HB429/text/HB429S1
Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB429) https://lis.blob.core.windows.net/files/1149116.PDF
BillText https://lis.virginia.gov/bill-details/20261/HB429/text/HB429H1
BillText https://lis.virginia.gov/bill-details/20261/HB429/text/HB429HC2
BillText https://lis.virginia.gov/bill-details/20261/HB429/text/HB429HC1
Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB429) https://lis.blob.core.windows.net/files/1108130.PDF
BillText https://lis.virginia.gov/bill-details/20261/HB429/text/HB429
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