Bill
Bill > SB777
summary
Introduced
01/22/2026
01/22/2026
In Committee
02/26/2026
02/26/2026
Crossed Over
03/04/2026
03/04/2026
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Electric utilities and voting members of regional transmission entities; annual report. Requires each voting member of a regional transmission entity, as defined in the bill, to submit an annual report to the State Corporation Commission by February 1 of each year. Such report shall include, as appropriate, (i) all recorded votes cast by the voting member at a meeting during the immediately preceding calendar year and (ii) all votes cast by an affiliate of an electric utility at a meeting during the immediately preceding calendar year. The provisions of the bill do not apply to certain electric cooperatives.
AI Summary
This bill requires electric utilities and licensed suppliers of electricity that are voting members of a regional transmission entity, which is an organization that manages the electric power grid, to submit an annual report to the State Corporation Commission by February 1st of each year. This report must detail all recorded votes cast by the utility, licensed supplier, or their affiliates (companies related to them) at any meeting of the regional transmission entity during the previous calendar year, along with a brief explanation of how each vote serves the public interest and any actions taken related to grid reliability, interconnection, and demand response management. The bill defines "licensed supplier" as a voting member of a regional transmission entity with facilities in the Commonwealth that sells electricity to customers there, and "recorded vote" as any vote that is tabulated, regardless of its finality or the authority of the voter. Importantly, these reporting requirements do not apply to certain electric cooperatives.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
House requested conference committee (on 03/09/2026)
Official Document
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/SB777 |
| BillText | https://lis.virginia.gov/bill-details/20261/SB777/text/SB777H1 |
| Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (SB777) | https://lis.blob.core.windows.net/files/1150800.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/SB777/text/SB777S1 |
| BillText | https://lis.virginia.gov/bill-details/20261/SB777/text/SB777SC1 |
| Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (SB777) | https://lis.blob.core.windows.net/files/1131830.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/SB777/text/SB777 |
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