HB1062
Energy upgrade programs; implementation plans, capital investment requirements, cost recovery.
Status:
In House
Latest Action:
Feb. 5, 2026
House: Reported from Labor and Commerce with substitute
Chief Patron:
Phil Hernandez (D)
Session:
2026 Regular Session
Summary
As Introduced. Energy upgrade programs; implementation plans; capital investment requirements; cost recovery.
Requires American Electric Power and Dominion Energy Virginia to implement an energy upgrade program by January 1, 2027. The bill requires that such a program allow a program operator, as defined in the bill, to implement an energy upgrade project at a customer's location and recover the costs of such ... (More) project by imposing a special rate charge that is payable directly through the customer's utility bill. The bill contains provisions related to setting the special rate charge, successor customers, identifying eligible customers, and marketing, designing, and implementing such program. The bill includes capital investment requirements for each utility. The bill also outlines the duties of program operators and requires each utility to hire a program operator by January 1, 2027, and to file an implementation plan once the State Corporation Commission's program rules become effective. (Less)-
Bill History
- 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26105345D
- 01/14/2026 - House: Referred to Committee on Labor and Commerce
- 01/27/2026 - House: Assigned HCL sub: Subcommittee #3
- 01/30/2026 - House: Placed on Labor and Commerce Agenda
- 02/03/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB1062)
- 02/03/2026 - House: House subcommittee offered
- 02/03/2026 - House: Subcommittee recommends reporting with substitute (9-Y 0-N)
- 02/04/2026 - House: Placed on Labor and Commerce Agenda
- 02/05/2026 - House: Reported from Labor and Commerce with substitute
