Electric utilities, certain; purchased power cost risk mitigation practices.
Summary
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 recommendations related to effectively regulating fuel and purchased power cost risk in an existing report. This bill is identical to SB 505.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
Mar 2026
House of Delegates Passage
Mar 2026
Senate Passage
Mar 2026
Signed into Law
Apr 2026
Introduced Jan 14, 2026
Signed Apr 6, 2026
Maddy AI version diff · 4 comparisons
What changed between versions
Enrolled
→
Chaptered
·
1 edit
MINOR
This bill was finalized and assigned Chapter 280 for the 2026 session. It directs the State Corporation Commission to review how electric utilities manage fuel and power costs, specifically looking at risk mitigation strategies, renewable energy offsets, and national best practices. The Commission must report its findings and any necessary legislative recommendations to ensure reliable electric service.
Scope change
The bill's scope remains focused on Phase I and Phase II Utilities filing annual applications on or after July 1, 2026, with no change to the entities or timing covered.
ENFORCEMENT
Added the specific approval date of April 6, 2026, and the assigned chapter number (280) to the official title page.
Floor votes · Senate Mar 11, 2026 · House of Delegates Feb 17, 2026
How they voted
39–0
Passed
Total votes 39
Mar 11, 2026
D
Democratic20
100% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
33
Key actions
11
Committee
6
Apr 6, 2026
Signed into law
Approved by Governor-Chapter 280 (effective 7/1/2026)
executive
Mar 31, 2026
Lower · Passed
Signed by Speaker
lower
Mar 30, 2026
Upper · Passed
Signed by President
upper
Mar 30, 2026
Lower · Passed
Bill text as passed House and Senate (HB1256ER)
lower
Mar 11, 2026
Upper · Passed
Passed Senate Block Vote (40-Y 0-N 0-A)
upper
Mar 11, 2026
Upper · Passed
Passed Senate Block Vote (39-Y 0-N 0-A)
upper
Mar 10, 2026
Upper · Passed
Passed by for the day (Voice Vote)
upper
Mar 9, 2026
Upper · Passed
Reported from Commerce and Labor (15-Y 0-N)
upper
Feb 18, 2026
Committee
Referred to Committee on Commerce and Labor
upper
Feb 17, 2026
Lower · Passed
Read third time and passed House (97-Y 0-N 0-A)
lower
Feb 12, 2026
Lower · Passed
Reported from Labor and Commerce with substitute (20-Y 0-N)
lower
Feb 10, 2026
Lower · Passed
House subcommittee offered
lower
Jan 27, 2026
Committee
Assigned HCL sub: Subcommittee #3
lower
Jan 14, 2026
Committee
Referred to Committee on Labor and Commerce
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Irene Shin
DDemocratic
Co
Atoosa Reaser
DDemocratic
Co
LG
Liz Guzmán
DDemocratic
Co
Saddam Salim
DDemocratic
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