Electric utilities; data center cost allocation.

Removed specific mandate for State Corporation Commission to investigate if non-data center customers unreasonably subsidize data center costs.

Added requirement for State Corporation Commission to determine if electric utilities are using reasonable customer classifications in their rates, tolls, charges, or schedules.

Changed timing from immediate investigation to a biennial review proceeding for Phase I and Phase II Utilities filed between January 1, 2025 and July 1, 2027.

Removed specific definition of data center customer as primary beneficiary of a project.

Added requirement for Commission to consider whether new or separate customer classifications are reasonable during the review.

Added authority for the State Corporation Commission to incorporate provisions into a biennial rate review of investor-owned electric utilities pursuant to Chapter 23 of Title 56 of the Code of Virginia.

Bill number changed from 25103266D to 25106260D to reflect the Senate Substitute version.

Title updated to indicate this is an 'Amendment in the Nature of a Substitute' proposed by the Senate Committee on Commerce and Labor on January 27, 2025.

Patron attribution changed from 'Patrons - Perry, Srinivasan and Stuart; Delegate: Lovejoy' to 'Patrons Prior to Substitute - Senators Perry and Stuart [SB 1243]'.

Formatting changes include added spacing and header text indicating 'SENATE SUBSTITUTE' and a timestamp of 1/28/25 07:43.