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Electric utilities; renewable energy portfolio standard program; deficiency payments. Removes provisions requiring deficiency payments by certain electric utilities if such utilities are unable to meet the compliance obligation of the renewable energy portfolio standard (RPS) program requirements or if the cost of renewable energy certificates necessary to comply with RPS program requirements exceeds $45 per megawatt hour.
Introduced
Nov 20, 2025
Last Action
Feb 12, 2026
Session
VA 2026
Sponsors
1 primary · 1 co
Senate committee offered
Passed by indefinitely in Commerce and Labor (9-Y 6-N)
Fiscal Impact Statement from State Corporation Commission (SB40)
Prefiled and ordered printed; Offered 01-14-2026 26100063D
Referred to Committee on Commerce and Labor
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Passed by indefinitely in Commerce and Labor (9-Y 6-N)
William M. Stanley, Jr.