Bill > HB892

This bill requires electric utilities, when submitting their integrated resource plans (IRPs) to the State Corporation Commission (SCC), to include information about how they plan to meet renewable energy portfolio standard obligations, which are requirements for utilities to generate or purchase a certain percentage of their electricity from renewable sources. However, this requirement excludes information related to customers who have accelerated renewable energy contracts or who buy electricity from other licensed suppliers. Additionally, the bill mandates that the SCC, by March 1, 2027, must start an investigation into the electric load forecasting practices of Dominion Energy, Appalachian Power Company, and electric distribution cooperatives, which are organizations that provide electricity to customers in specific areas. This investigation will examine the methods, data, and assumptions used by these entities to predict future electricity demand, with the goal of ensuring accuracy, consistency, and transparency in their forecasts and how they are used in regional planning processes.

Budget and Finance, Business and Industry

https://lis.virginia.gov/bill-details/20261/HB892