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Bill > HB1141


VA HB1141

VA HB1141
Electric utilities; suspension of certain requirements.


summary

Introduced
01/14/2026
In Committee
01/14/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Regular Session

Bill Summary

Electric utilities; suspension of certain requirements. Provides that the renewable energy portfolio standard requirements and any associated construction, procurement, or retirement mandates are suspended for the applicable compliance year if the State Corporation Commission determines that compliance has resulted in, or will result in, any of the following: (i) an increase in the average residential customer’s total monthly electric bill of more than five percent in any calendar year that is attributable to compliance with the renewable energy portfolio standard or associated zero-carbon generation or energy storage requirements; (ii) an increase in any rate adjustment clause, rider, or non-bypassable charge associated with compliance with this section that exceeds $50 per month for the average residential customer; (iii) a determination that compliance poses a material risk to electric system reliability or resource adequacy in the Commonwealth; or (iv) a determination that the cost of renewable energy certificates necessary for compliance exceeds the applicable alternative compliance payment or deficiency payment for two consecutive compliance years.

AI Summary

This bill allows for the suspension of certain renewable energy requirements for electric utilities if the State Corporation Commission (SCC) determines that compliance would lead to specific negative outcomes. These outcomes include an increase in the average residential customer's monthly electric bill by more than five percent due to renewable energy compliance, an increase in associated charges exceeding $50 per month for the average residential customer, a significant risk to the reliability or adequacy of the electric system, or if the cost of renewable energy certificates (RECs) needed for compliance becomes too high for two consecutive years. If the SCC makes such a determination, the renewable energy portfolio standard (RPS) requirements, along with any related construction, procurement, or retirement mandates, will be suspended for the applicable compliance year, and no penalty payments will be due during this suspension. The suspended requirements will only resume if the General Assembly passes new legislation to authorize their reinstatement.

Committee Categories

Business and Industry

Sponsors (30)

Last Action

Left in Labor and Commerce (on 02/18/2026)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://lis.virginia.gov/bill-details/20261/HB1141
Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB1141) https://lis.blob.core.windows.net/files/1115648.PDF
BillText https://lis.virginia.gov/bill-details/20261/HB1141/text/HB1141
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