Why 5/5: The bill directly impacts the ability to retire older power plants and could undermine Virginia's participation in the Regional Greenhouse Gas Initiative.
This bill would make it harder for electric utilities to retire power plants by requiring the State Corporation Commission to ensure sufficient generation capacity before decommissioning, potentially keeping older, higher-emitting facilities online. Additionally, it would prevent utilities from recovering over $10 million in costs from customers if Virginia rejoins the Regional Greenhouse Gas Initiative, potentially undermining the state's participation in the climate program.
Filed
Prefiled and ordered printed; Offered 01-14-2026 26105321D
Referred to committee
Referred to Committee on Commerce and Labor
Update
Fiscal Impact Statement from State Corporation Commission (SB512)
Update
Senate committee offered
Deferral
Passed by indefinitely in Commerce and Labor (9-Y 6-N)
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Summarized from the official bill text (“Electric utilities; rates for generation and distribution services, notice of energy rationing.”) · Read the actual bill →