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Bill > HB1487
VA HB1487
VA HB1487Underground transmission lines; pilot program, clarifies qualifying projects, report.
summary
Introduced
01/23/2026
01/23/2026
In Committee
02/23/2026
02/23/2026
Crossed Over
02/13/2026
02/13/2026
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Pilot program for underground transmission lines; qualifying projects; levy; report. Authorizes the State Corporation Commission, in reviewing any application submitted by a public utility for a certificate of public convenience and necessity for the construction of an electrical transmission line of 500 kilovolts filed between January 1, 2025, and July 1, 2033, to approve up to four applications for qualifying projects to be constructed in whole or in part underground as part of the pilot program for underground transmission lines and to provide an expedited review of any such application. The bill removes certain provisions related to the existing pilot program. Under the bill, a project shall be qualified if (i) the Commission finds that an engineering analysis demonstrates that it is technically feasible to place the proposed line in whole or in part underground; (ii) the application contains certain information regarding projections of project costs; (iii) the application contains evidence that the governing body of each locality in which at least a portion of the proposed line will be placed underground supports the project’s inclusion in the program and agrees to meet its related funding obligations; and (iv) the Commission finds the overall cost of the project reasonable and consistent with the public interest. The bill permits the Commission to deny an application for a project that otherwise meets the criteria to qualify, provided that the Commission publicly shares its rationale for doing so.The bill requires at least fifty percent of the marginal costs, as defined in the bill, of the portion of a qualifying project chosen to be placed underground within a locality pursuant to its provisions to be paid by such locality. The bill permits such a locality to meet such requirement through imposing a levy on electric utility customers within the locality, issuing a general obligation bond subject to a referendum, or allocating its own funds. The bill extends the Commission's final report deadline for the pilot program from December 1, 2024, to December 1, 2034.
AI Summary
This bill establishes a pilot program for underground electrical transmission lines, allowing the State Corporation Commission (SCC) to approve up to four projects with a capacity of 500 kilovolts (kV) or more, filed between July 2025 and July 2033, that are at least partially underground and located within a quarter mile of a residential area. The SCC will expedite reviews for these "qualifying projects," which must be technically feasible, have cost projections agreed upon by stakeholders, and receive support from the local governing bodies where they will be undergrounded. While the SCC can deny an application even if it meets the criteria, they must publicly explain their reasoning. A significant provision requires localities to pay 50% of the "marginal costs"—the additional expense of placing the line underground compared to overhead—for the portion of a qualifying project within their borders, which they can fund through local levies on utility customers, general obligation bonds, or their own funds. The bill also extends the SCC's final report deadline for the pilot program from December 1, 2024, to December 1, 2033, and amends a tax provision to clarify that local levies for this pilot program are not subject to existing rate limits.
Committee Categories
Business and Industry
Sponsors (7)
J.J. Singh (D)*,
Stacey Carroll (D),
Elizabeth Guzmán (D),
John Chilton McAuliff (D),
Atoosa Reaser (D),
Kannan Srinivasan (D),
Vivian Watts (D),
Last Action
Reported from Commerce and Labor with substitute (12-Y 3-N) (on 02/23/2026)
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/HB1487 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1487/text/HB1487H1 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1487/text/HB1487HC2 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1487/text/HB1487HC1 |
| Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB1487) | https://lis.blob.core.windows.net/files/1128154.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1487/text/HB1487 |
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