SB505
Electric utilities, certain; purchased power cost risk mitigation practices.
Status:
Passed
Latest Action:
March 12, 2026
Senate: Fiscal Impact Statement from State Corporation Commission (SB505)
Chief Patron:
Creigh Deeds (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. State Corporation Commission; electric utilities; fuel and purchased power cost risk mitigation practices.
Directs the State Corporation Commission, in certain cost recovery proceedings and other annual filings as determined by the Commission, to examine the efficacy and sufficiency of fuel and purchased power cost risk mitigation practices by Dominion Energy and Appalachian Power. Under the bill, the Commission is required to include legislative ... (More) recommendations related to effectively regulating fuel and purchased power cost risk in an existing report.(Less)
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Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26104695D
- 01/13/2026 - Senate: Referred to Committee on Commerce and Labor
- 02/05/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB505)
- 02/09/2026 - Senate: Senate committee offered
- 02/09/2026 - Senate: Reported from Commerce and Labor with substitute (14-Y 0-N)
- 02/10/2026 - Senate: Committee substitute printed 26107572D-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: Read second time
- 02/12/2026 - Senate: Commerce and Labor Substitute agreed to
- 02/12/2026 - Senate: Engrossed by Senate - committee substitute Block Vote (Voice Vote)
- 02/13/2026 - Senate: Read third time and passed Senate (39-Y 0-N 0-A)
- 02/16/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB505)
- 02/18/2026 - House: Placed on Calendar
- 02/18/2026 - House: Read first time
- 02/18/2026 - House: Referred to Committee on Labor and Commerce
- 02/23/2026 - House: Placed on Labor and Commerce Agenda
- 02/24/2026 - House: Reported from Labor and Commerce (21-Y 1-N)
- 02/26/2026 - House: Read second time
- 02/27/2026 - House: Read third time
- 02/27/2026 - House: Passed House (96-Y 0-N 0-A)
- 03/04/2026 - Senate: Enrolled
- 03/04/2026 - Senate: Bill text as passed Senate and House (SB505ER)
- 03/04/2026 - House: Signed by Speaker
- 03/04/2026 - Senate: Signed by President
- 03/10/2026 - Senate: Enrolled Bill communicated to Governor on March 10, 2026
- 03/10/2026 - Governor's Action Deadline 11:59 p.m., April 13, 2026
- 03/12/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB505)
