SB251
Electric utilities; performance-based regulation, report.
Status:
In House
Latest Action:
Feb. 13, 2026
Senate: Read third time and passed Senate (23-Y 16-N 0-A)
Chief Patron:
Scott Surovell (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Electric utilities; performance-based regulation; work group; report.
Directs the State Corporation Commission to independently consider whether elements of an effective performance-based regulatory framework to evaluate and potentially improve electric utility performance and cost control incentives in the Commonwealth are in the public interest and to develop related legislative recommendations. The bill requires the Commission to include its ... (More) findings and recommendations in a report required by existing law by March 1, 2027. As introduced, this bill was a recommendation of the Commission on Electric Utility Regulation. (Less)-
Bill History
- 01/12/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26104615D
- 01/12/2026 - Senate: Referred to Committee on Commerce and Labor
- 02/03/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB251)
- 02/09/2026 - Senate: Senate committee offered
- 02/09/2026 - Senate: Reported from Commerce and Labor with substitute (9-Y 4-N)
- 02/10/2026 - Senate: Committee substitute printed 26107513D-S1
- 02/11/2026 - Senate: Rules suspended
- 02/11/2026 - Senate: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- 02/11/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 02/12/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB251)
- 02/12/2026 - Senate: Read second time
- 02/12/2026 - Senate: Committee substitute agreed to (Voice Vote)
- 02/12/2026 - Senate: Engrossed by Senate - committee substitute (Voice Vote)
- 02/13/2026 - Senate: Read third time and passed Senate (23-Y 16-N 0-A) Close Floor Vote
