ChangeBridge / Virginia / SB505 Enacted
SB505 Senate Bill
Enacted
2026-03-31

Electric utilities, certain; purchased power cost risk mitigation practices.

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 HB 1256.

Bill Details

State

Virginia

Session

2026 Regular Regular Session

Chamber

Senate

Official Source

lis.virginia.gov/bill-details/20261/SB505

LegiScan

View on LegiScan

Sponsors

Creigh Deeds (Sen - D)

Action History

2026-03-31 Acts of Assembly Chapter text (CHAP0030)
2026-03-31 Approved by Governor-Chapter 30 (effective 7/1/2026)
2026-03-12 S Fiscal Impact Statement from State Corporation Commission (SB505)
2026-03-10 Governor's Action Deadline 11:59 p.m., April 13, 2026
2026-03-10 S Enrolled Bill communicated to Governor on March 10, 2026
2026-03-04 S Signed by President
2026-03-04 H Signed by Speaker
2026-03-04 S Bill text as passed Senate and House (SB505ER)
2026-03-04 S Enrolled
2026-02-27 H Passed House (96-Y 0-N 0-A)
2026-02-27 H Read third time
2026-02-26 H Read second time
2026-02-24 H Reported from Labor and Commerce (21-Y 1-N)
2026-02-18 H Referred to Committee on Labor and Commerce
2026-02-18 H Read first time
2026-02-18 H Placed on Calendar
2026-02-16 S Fiscal Impact Statement from State Corporation Commission (SB505)
2026-02-13 S Read third time and passed Senate (39-Y 0-N 0-A)
2026-02-12 S Engrossed by Senate - committee substitute Block Vote (Voice Vote)
2026-02-12 S Commerce and Labor Substitute agreed to
2026-02-12 S Read second time
2026-02-11 S Passed by for the day Block Vote (Voice Vote)
2026-02-11 S Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
2026-02-11 S Rules suspended
2026-02-10 S Committee substitute printed 26107572D-S1
2026-02-09 S Reported from Commerce and Labor with substitute (14-Y 0-N)
2026-02-09 S Senate committee offered
2026-02-05 S Fiscal Impact Statement from State Corporation Commission (SB505)
2026-01-13 S Referred to Committee on Commerce and Labor
2026-01-13 S Prefiled and ordered printed; Offered 01-14-2026 26104695D

Votes

2026-02-09 Reported from Commerce and Labor with substitute (14-Y 0-N) Yea: 14 Nay: 0
2026-02-11 Constitutional reading dispensed (on 1st reading) (40-Y 0-N 0-A) Yea: 40 Nay: 0
2026-02-13 Read third time and passed Senate (39-Y 0-N 0-A) Yea: 39 Nay: 0
2026-02-24 Reported from Labor and Commerce (21-Y 1-N) Yea: 21 Nay: 1
2026-02-27 Passed House (96-Y 0-N 0-A) Yea: 96 Nay: 0

Committee Referrals

2026-01-13 S Commerce and Labor
2026-02-18 H Labor and Commerce

Bill Text Versions

2026-01-13 Introduced
2026-02-09 Comm Sub
2026-02-10 Comm Sub
2026-03-04 Enrolled
2026-03-31 Chaptered

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