Investor-owned electric utilities fuel factor proceedings requirements
Summary
Virginia enacted HB1360 on April 6, 2026, requiring investor-owned electric utilities to provide specific information about coal-fueled or oil-fueled electric generating units in fuel factor proceedings before the State Corporation Commission. The Commission must make determinations about reasonableness and prudence for cost recovery based on this information. The law takes effect July 1, 2026.
What changed
HB1360 requires investor-owned electric utilities in Virginia to provide detailed specific information about coal-fueled and oil-fueled electric generating units when participating in fuel factor proceedings with the State Corporation Commission. The SCC must evaluate the reasonableness and prudence of costs for recovery purposes based on this mandated information.
Affected utilities must prepare to submit comprehensive data about their coal and oil generating assets in all future fuel factor proceedings. This represents a significant shift in regulatory requirements for investor-owned utilities operating in Virginia, as the SCC gains explicit authority to assess cost recovery based on detailed unit-specific information rather than aggregate fuel cost data.
What to do next
- Prepare to comply with enhanced disclosure requirements for coal-fueled and oil-fueled generating units in future fuel factor proceedings
- Review existing fuel factor filings and cost recovery documentation for completeness
- Monitor SCC guidance on implementing the new requirements before the July 1, 2026 effective date
Source document (simplified)
ChangeBridge / Virginia / HB1360 Signed by Governor HB1360 House Bill Signed by Governor 2026-04-06
Investor-owned electric utilities; requirements in fuel factor proceedings conducted with SCC.
Investor-owned electric utilities; fuel factor proceedings; requirements. Requires that in any fuel factor proceeding conducted with the State Corporation Commission under current law, each investor-owned electric utility shall provide specific information regarding coal-fueled or oil-fueled electric generating units and requires the Commission to make determinations about reasonableness and prudence for the purposes of cost recovery based on such specific information.
Bill Details
State Virginia
Session 2026 Regular Regular Session
Chamber House
Official Source lis.virginia.gov/bill-details/20261/HB1360
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Sponsors
Irene Shin (Rep - D) Vivian Watts (Rep - D)
Action History
2026-04-06 Approved by Governor-Chapter 310 (effective 7/1/2026) 2026-04-06 H Fiscal Impact Statement from State Corporation Commission (HB1360) 2026-03-14 Governor's Action Deadline 11:59 p.m., April 13, 2026 2026-03-14 H Enrolled Bill communicated to Governor on March 14, 2026 2026-03-12 S Signed by President 2026-03-12 H Signed by Speaker 2026-03-12 H Bill text as passed House and Senate (HB1360ER) 2026-03-12 H Enrolled 2026-03-05 S Passed Senate (39-Y 0-N 0-A) 2026-03-05 S Read third time 2026-03-04 S Passed by for the day (Voice Vote) 2026-03-04 S Constitutional reading dispensed (on 2nd reading) (39-Y 0-N 0-A) 2026-03-04 S Rules suspended 2026-03-02 S Reported from Commerce and Labor (14-Y 0-N) 2026-02-17 S Referred to Committee on Commerce and Labor 2026-02-17 S Constitutional reading dispensed (on 1st reading) 2026-02-16 H Fiscal Impact Statement from State Corporation Commission (HB1360) 2026-02-16 H Read third time and passed House (97-Y 0-N 0-A) 2026-02-13 H Engrossed by House - committee substitute 2026-02-13 H committee substitute agreed to 2026-02-13 H Read second time 2026-02-12 H Read first time 2026-02-10 H Committee substitute printed 26107303D-H1 2026-02-10 H Reported from Labor and Commerce with substitute (21-Y 1-N) 2026-02-05 H Subcommittee recommends reporting with substitute (8-Y 0-N) 2026-02-05 H House subcommittee offered 2026-02-01 H Fiscal Impact Statement from State Corporation Commission (HB1360) 2026-01-27 H Assigned HCL sub: Subcommittee #3 2026-01-19 H Referred to Committee on Labor and Commerce 2026-01-19 H Presented and ordered printed 26104844D
Votes
2026-02-05 Subcommittee recommends reporting with substitute (8-Y 0-N) Yea: 8 Nay: 0 2026-02-10 Reported from Labor and Commerce with substitute (21-Y 1-N) Yea: 21 Nay: 1 2026-02-16 Read third time and passed House (97-Y 0-N 0-A) Yea: 97 Nay: 0 2026-03-02 Reported from Commerce and Labor (14-Y 0-N) Yea: 14 Nay: 0 2026-03-04 Constitutional reading dispensed (on 2nd reading) (39-Y 0-N 0-A) Yea: 39 Nay: 0 2026-03-05 Passed Senate (39-Y 0-N 0-A) Yea: 39 Nay: 0
Committee Referrals
2026-01-19 H Labor and Commerce 2026-01-27 H Labor and Commerce: Subcommittee #3 2026-02-17 S Commerce and Labor
Bill Text Versions
2026-01-19 Introduced 2026-02-05 Comm Sub 2026-02-10 Comm Sub 2026-03-10 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
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