HB74
Electric utilities; recovery of development costs associated with small modular reactor.
Status:
In House
Latest Action:
Jan. 22, 2026
House: Subcommittee recommends laying on the table (8-Y 2-N)
Chief Patron:
Karen Keys-Gamarra (D)
Session:
2026 Regular Session
Summary
As Introduced. Electric utilities; recovery of development costs associated with small modular reactor.
Permits the State Corporation Commission to impose, as part of a final order approving cost recovery for Dominion Energy for project development of a small modular reactor (SMR), a deadline to either (i) place the SMR into commercial operation or (ii) refund all SMR project development costs recovered from customers. ... (More) Current law allows the Commission to place such a deadline on either (a) placing the SMR into commercial operation or (b) selling the permitted site and returning the proceeds of such sale to customers. (Less)-
Bill History
- 12/31/2025 - House: Prefiled and ordered printed; Offered 01-14-2026 26102923D
- 12/31/2025 - House: Referred to Committee on Labor and Commerce
- 01/15/2026 - House: Assigned HCL sub: Subcommittee #3
- 01/19/2026 - House: Placed on Labor and Commerce Agenda
- 01/19/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB74)
- 01/21/2026 - House: Placed on Labor and Commerce Agenda
- 01/22/2026 - House: Subcommittee recommends laying on the table (8-Y 2-N)
