Bill > SB267

This bill directs the Department of Energy, working with the State Corporation Commission and specific electric utilities, to thoroughly examine current electric infrastructure. The goal is to find ways to save money while maintaining or improving the reliability of the electric system, potentially as an alternative to building entirely new infrastructure (referred to as "greenfield infrastructure projects"). This analysis will specifically look at increasing the capacity of existing zero-carbon electricity generation and energy storage, as well as transmission upgrades like "grid enhancing technologies" (which are advanced tools to optimize existing power lines) and "high-performance conductors" (more efficient wires). The bill also requires the State Corporation Commission to investigate if there are voluntary ways for large electricity users to help pay for these improvements in exchange for faster connection to the grid. Both the Department of Energy and the State Corporation Commission must finish these studies and present a report to the General Assembly by December 1, 2026. Additionally, any increased electricity generation from upgrading existing hydropower facilities will be recognized as a source eligible for renewable energy standards. The bill also outlines a process where the Department of Energy can hire outside consultants if needed, but only if it receives enough voluntary funding from private companies to cover those costs, and the Department will not proceed with the analysis unless this funding is secured.

Budget and Finance, Business and Industry

https://lis.virginia.gov/bill-details/20261/SB267