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Electric utilities; performance-based regulation; work group; report. Directs the State Corporation Commission to independently consider whether elements of an effective performance-based regulatory framework to evaluate and potentially improve electric utility performance and cost control incentives in the Commonwealth are in the public interest and to develop related legislative recommendations. The bill requires the Commission to include its findings and recommendations in a report required by existing law by March 1, 2027. As introduced, this bill was a recommendation of the Commission on Electric Utility Regulation.
Introduced
Jan 12, 2026
Last Action
Mar 12, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
House amendment agreed to by Senate (23-Y 17-N 0-A)
Moved from Uncontested Calendar to Regular Calendar
Passed House with amendment (62-Y 33-N 0-A)
Engrossed by House as amended
committee amendment agreed to
Read third time
Read second time
Reported from Rules with amendment(s) (18-Y 0-N)
Subcommittee recommends reporting with amendment(s) (5-Y 0-N)
Assigned HRUL sub: Studies Subcommittee
Read first time
Referred to Committee on Rules
Placed on Calendar
Read third time and passed Senate (23-Y 16-N 0-A)
Fiscal Impact Statement from State Corporation Commission (SB251)
Engrossed by Senate - committee substitute (Voice Vote)
Committee substitute agreed to (Voice Vote)
Read second time
Rules suspended
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
Committee substitute printed 26107513D-S1
Senate committee offered
Reported from Commerce and Labor with substitute (9-Y 4-N)
Fiscal Impact Statement from State Corporation Commission (SB251)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; Offered 01-14-2026 26104615D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
House amendment agreed to by Senate (23-Y 17-N 0-A)
Scott A. Surovell