Business parks; pilot program to facilitate construction of electric transmission facilities.
Directs the Virginia Economic Development Partnership to establish pilot programs by Dominion Energy Virginia and Appalachian Power. The pilot programs will have the purpose of promoting economic development in opportunity zones of the Commonwealth by allowing each utility to complete the construction phase of electric transmission infrastructure for up to three business parks prior to the public announcement of a prospective occupant of the business parks. Electric cooperatives may also petition the State Corporation Commission to participate in the pilot program. The measure authorizes a utility to recover the costs of the transmission facility through a rate adjustment clause. The provisions of this measure expire on December 31, 2023.
Virginia HB 1840 (2019) — Business parks; pilot program to facilitate construction of electric transmission facilities.
Directs the Virginia Economic Development Partnership to establish pilot programs by Dominion Energy Virginia and Appalachian Power. The pilot programs will have the purpose of promoting economic development in opportunity zones of the Commonwealth by allowing each utility to complete the construction phase of electric transmission infrastructure for up to three business parks prior to the public announcement of a prospective occupant of the business parks. Electric cooperatives may also petition the State Corporation Commission to participate in the pilot program. The measure authorizes a utility to recover the costs of the transmission facility through a rate adjustment clause. The provisions of this measure expire on December 31, 2023.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Governor: Acts of Assembly Chapter text (CHAP0535) (committee substitute) — source
House subcommittee amendments and substitutes adopted (committee substitute) — source
House: Bill text as passed House and Senate (HB1840ER) (committee substitute) — source