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HB1275

Electric utilities; recovery of certain project development costs.

Status:
In House

Latest Action: Jan. 14, 2026
House: Referred to Committee on Labor and Commerce

Chief Patron:
Eric Phillips (R)

Session:
2026 Regular Session

Summary

As Introduced. Electric utilities; recovery of certain project development costs.

Permits an investor-owned electric utility to petition the State Corporation Commission at any time for the approval of a rate adjustment clause for the recovery of project development costs for up to five electric generation facilities, regardless of fuel source. The bill also exempts such facilities from requirements in existing law to retire or decommission such facilities. The provisions of the bill have a contingent expiration date of one year after the effective date of any regulations promulgated by the State Air Pollution Control Board to establish carbon dioxide emissions allowances pursuant to current law. (Less)
  • Bill History

  • 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26105378D
  • 01/14/2026 - House: Referred to Committee on Labor and Commerce

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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