HB1360
Investor-owned electric utilities; State Corporation Commission to investigate certain practices.
Status:
In House
Latest Action:
Feb. 10, 2026
House: Committee substitute printed 26107303D-H1
Chief Patron:
Irene Shin (D)
Session:
2026 Regular Session
Summary
As Introduced. Policy of the Commonwealth regarding investor-owned electric utilities; State Corporation Commission to investigate certain practices.
States that it shall be the policy of the Commonwealth that no investor-owned electric utility operating in the Commonwealth shall engage in practices that distort wholesale energy markets. The bill directs the State Corporation Commission to investigate and remedy any such practices by investor-owned electric utilities in the Commonwealth. The ... (More) bill also creates a rebuttable presumption for cost recovery proceedings initiated after January 1, 2026, that certain costs are unreasonable and imprudent in situations where the investor-owned electric utility operates an electric generation facility when the marginal operating costs of such facility are higher than the energy market clearing price set by the regional transmission entity. (Less)-
Bill History
- 01/19/2026 - House: Presented and ordered printed 26104844D
- 01/19/2026 - House: Referred to Committee on Labor and Commerce
- 01/27/2026 - House: Assigned HCL sub: Subcommittee #3
- 02/01/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB1360)
- 02/04/2026 - House: Placed on Labor and Commerce Agenda
- 02/05/2026 - House: House subcommittee offered
- 02/05/2026 - House: Subcommittee recommends reporting with substitute (8-Y 0-N)
- 02/09/2026 - House: Placed on Labor and Commerce Agenda
- 02/10/2026 - House: Reported from Labor and Commerce with substitute (21-Y 1-N)
- 02/10/2026 - House: Committee substitute printed 26107303D-H1
