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republic-os/legislation/us/states/va/2025/hb-2621.md
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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:28:36 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill Phase I Utilities; financing for certain securitized asset costs, biennial rate reviews. Phase I Utilities; securitized asset costs. Authorizes Appalachian Power to petition the State Corporation Commission for a financing order for securitized asset costs, as defined in the bill. The bill creates the securitized asset cost charge and provides that the revenues generated by this charge, known as securitized asset cost property, are a property right that can be transferred and pledged as security for the securitized asset cost bonds. The bill establishes the procedures for creating, perfecting, and enforcing the security interest in securitized asset cost property. The bill also prohibits rate increases for Appalachian Power during the months of November through February and prohibits rate adjustment clauses from taking effect on customer bills between the months of November through February. The bill prohibits Appalachian Power from charing a residential customer any interest or late fees between July 1, 2025, and December 31, 2025, and from charging a residential customer any reconnection fees between July 1, 2025, and March 1, 2026. The bill also provides that in any rate proceeding for Appalachian Power, the State Corporation Commission shall include an invitation for public comment. This bill incorporates HB 1588. us/states/va Virginia General Assembly 2025 HB 2621 Virginia HB 2621 (2025)
bill
enacted
Jason S. Ballard
12 53 12 2025-01-13 2025-03-24 openstates ocd-bill/c2ce0e51-b731-4f80-b859-c4e64d4dfd57 https://lis.virginia.gov/bill-details/20251/HB2621 aedf49d088e472d1257927f2307d0872296e4f8b483444380ebeb4afc5a06920 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-va

Virginia HB 2621 (2025) — Phase I Utilities; financing for certain securitized asset costs, biennial rate reviews.

Phase I Utilities; securitized asset costs. Authorizes Appalachian Power to petition the State Corporation Commission for a financing order for securitized asset costs, as defined in the bill. The bill creates the securitized asset cost charge and provides that the revenues generated by this charge, known as securitized asset cost property, are a property right that can be transferred and pledged as security for the securitized asset cost bonds. The bill establishes the procedures for creating, perfecting, and enforcing the security interest in securitized asset cost property. The bill also prohibits rate increases for Appalachian Power during the months of November through February and prohibits rate adjustment clauses from taking effect on customer bills between the months of November through February. The bill prohibits Appalachian Power from charing a residential customer any interest or late fees between July 1, 2025, and December 31, 2025, and from charging a residential customer any reconnection fees between July 1, 2025, and March 1, 2026. The bill also provides that in any rate proceeding for Appalachian Power, the State Corporation Commission shall include an invitation for public comment. This bill incorporates HB 1588.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Chaptered (committee substitute) — source
  3. Commerce and Labor Substitute (committee substitute) — source
  4. Conference Report (committee substitute) — source
  5. Conference Substitute (committee substitute) — source
  6. Delegate Ballard Substitute (committee substitute) — source
  7. Delegate Shin Amendment (committee substitute) — source
  8. Delegate Shin Amendment (committee substitute) — source
  9. Engrossed (committee substitute) — source
  10. Labor and Commerce Subcommittee Substitute (committee substitute) — source
  11. Labor and Commerce Substitute (committee substitute) — source
  12. Enrolled (enrolled) — source

Votes

  • Reconsideration of conference report agreed to (39-Y 0-N) — 39–0 (pass) · upper
  • Subcommittee recommends reporting with substitute (9-Y 0-N) — 9–0 (pass) · lower
  • Conference report agreed to by House (98-Y 0-N) — 98–0 (pass) · lower
  • Reported from Labor and Commerce with substitute (21-Y 1-N) — 21–1 (pass) · lower
  • Reported from Commerce and Labor with substitute (15-Y 0-N) — 15–0 (pass) · upper
  • Senate insisted on amendment (39-Y 0-N) — 39–0 (pass) · upper
  • Conference report agreed to by Senate (39-Y 0-N) — 39–0 (pass) · upper
  • Passed Senate (40-Y 0-N) — 40–0 (pass) · upper
  • Read third time and passed House (81-Y 17-N) — 81–17 (pass) · lower
  • Senate substitute rejected by House (0-Y 98-N) — 0–98 (fail) · lower
  • Conference report agreed to by Senate (38-Y 0-N) — 38–0 (pass) · upper
  • Constitutional reading dispensed (on 2nd reading) (40-Y 0-N) — 40–0 (pass) · upper

Sponsors

  • Jason S. Ballard — primary (person)
  • Chris Obenshain — cosponsor (person)
  • Eric Phillips — cosponsor (person)
  • Irene Shin — cosponsor (person)
  • Israel D. O'Quinn — cosponsor (person)
  • James W. Morefield — cosponsor (person)
  • Jonathan "Jed" Arnold — cosponsor (person)
  • Terry G. Kilgore — cosponsor (person)
  • Terry L. Austin — cosponsor (person)
  • Timothy P. Griffin — cosponsor (person)
  • Todd E. Pillion — cosponsor (person)
  • Will Davis — cosponsor (person)
  • Wren M. Williams — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2025-01-13 Presented and ordered printed 25103840D introduction
  • 2025-01-13 Referred to Committee on Labor and Commerce referral-committee
  • 2025-01-24 Assigned L & C sub: Subcommittee #3 referral-committee
  • 2025-01-28 Subcommittee recommends reporting with substitute (9-Y 0-N) substitution
  • 2025-01-30 Reported from Labor and Commerce with substitute (21-Y 1-N) committee-passage
  • 2025-01-30 Committee substitute printed 25106173D-H1 substitution
  • 2025-01-30 Incorporates HB1588(Williams)
  • 2025-02-02 Read first time reading-1
  • 2025-02-03 Read second time reading-2
  • 2025-02-03 Labor and Commerce Substitute rejected
  • 2025-02-03 Floor substitute printed 25106694D-H2 (Ballard)
  • 2025-02-03 Delegate Ballard Substitute agreed to
  • 2025-02-03 Passed by temporarily
  • 2025-02-03 Delegate Shin Amendment agreed to amendment-passage
  • 2025-02-03 Engrossed by House - floor substitute as amended
  • 2025-02-03 Printed as engrossed 25106694D-EH2
  • 2025-02-04 Read third time and passed House (81-Y 17-N) passage, reading-3
  • 2025-02-05 Constitutional reading dispensed (on 1st reading)
  • 2025-02-05 Referred to Committee on Commerce and Labor referral-committee
  • 2025-02-17 Fiscal Impact Statement from State Corporation Commission (HB2621)
  • 2025-02-17 Reported from Commerce and Labor with substitute (15-Y 0-N) committee-passage
  • 2025-02-18 Committee substitute printed 25107584D-S1 substitution
  • 2025-02-18 Rules suspended
  • 2025-02-18 Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
  • 2025-02-18 Passed by for the day
  • 2025-02-19 Read third time reading-3
  • 2025-02-19 Reading of substitute waived
  • 2025-02-19 Commerce and Labor Substitute agreed to
  • 2025-02-19 Engrossed by Senate - committee substitute substitution
  • 2025-02-19 Passed Senate with substitute (40-Y 0-N) passage
  • 2025-02-20 Senate substitute rejected by House (0-Y 98-N)
  • 2025-02-20 Senate insisted on substitute (39-Y 0-N) substitution
  • 2025-02-20 Senate requested conference committee referral-committee
  • 2025-02-20 House acceded to request
  • 2025-02-20 Conferees appointed by Senate
  • 2025-02-20 Senators: Deeds, McPike, Peake
  • 2025-02-20 Conferees appointed by House
  • 2025-02-20 Delegates: Shin, Mundon King, Ballard
  • 2025-02-22 Amended by conference committee
  • 2025-02-22 Conference substitute printed 25108052D-H3
  • 2025-02-22 Conference report agreed to by House (98-Y 0-N) committee-passage-favorable
  • 2025-02-22 Conference report agreed to by Senate (38-Y 0-N) committee-passage-favorable
  • 2025-02-22 Reconsideration of conference report agreed to (39-Y 0-N) committee-passage-favorable
  • 2025-02-22 Conference report agreed to by Senate (39-Y 0-N) committee-passage-favorable
  • 2025-03-07 Enrolled enrolled
  • 2025-03-07 Bill text as passed House and Senate (HB2621ER) passage
  • 2025-03-07 Signed by Speaker passage
  • 2025-03-10 Signed by President passage
  • 2025-03-11 Enrolled Bill communicated to Governor on March 11, 2025 enrolled, executive-receipt
  • 2025-03-11 Governor's Action Deadline 11:59 p.m., March 24, 2025 executive-receipt
  • 2025-03-24 Fiscal Impact Statement from State Corporation Commission (HB2621)
  • 2025-03-24 Approved by Governor-Chapter 497 (Effective 07/01/25) executive-signature
  • 2025-03-24 Acts of Assembly Chapter text (CHAP0497)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/c2ce0e51-b731-4f80-b859-c4e64d4dfd57. Confidence: reported (aggregated from official Virginia legislature records).

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