republic-os/legislation/us/states/va/2025/sb-1076.md

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; securitized asset costs, rate increases in certain months prohibited, etc.	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.	us/states/va	Virginia General Assembly	2025	SB 1076	Virginia SB 1076 (2025)	bill		enacted	Mark J. Peake	7	47	10	2025-01-07	2025-03-24	openstates	ocd-bill/cc50827c-e758-4653-8d2f-11312abb6e45	https://lis.virginia.gov/bill-details/20251/SB1076	4771cee408042d3924bcc7d70cb59f69c1d70138a72665a2c87173762a9b29bd	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia SB 1076 (2025) — Phase I Utilities; securitized asset costs, rate increases in certain months prohibited, etc.

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.

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. Conference Report (committee substitute) — source
4. Conference Substitute (committee substitute) — source
5. Labor and Commerce Substitute (committee substitute) — source
6. Senator Deeds, R. Creigh Substitute (committee substitute) — source
7. Enrolled (enrolled) — source

Votes

• Senate acceded to request (38-Y 0-N) — 38–0 (pass) · upper
• Passed Senate (39-Y 1-N) — 39–1 (pass) · upper
• Constitutional reading dispensed (on 1st reading) (40-Y 0-N) — 40–0 (pass) · upper
• Conference report agreed to by Senate (39-Y 0-N) — 39–0 (pass) · upper
• Conference report agreed to by House (97-Y 0-N) — 97–0 (pass) · lower
• Constitutional reading dispensed (on 3rd reading) (40-Y 0-N) — 40–0 (pass) · upper
• Passed House with substitute (81-Y 15-N) — 81–15 (pass) · lower
• House substitute rejected by Senate (0-Y 40-N) — 0–40 (fail) · upper
• Reported from Commerce and Labor (11-Y 0-N 4-A) — 11–0 (pass) · upper
• Reported from Labor and Commerce with substitute (20-Y 1-N) — 20–1 (pass) · lower

Sponsors

• Mark J. Peake — primary (person)
• T. Travis Hackworth — cosponsor (person)
• Todd E. Pillion — cosponsor (person)
• William M. Stanley, Jr. — cosponsor (person)

Timeline

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

• 2025-01-07 Prefiled and ordered printed; Offered 01-08-2025 25102964D filing, introduction
• 2025-01-07 Referred to Committee on Commerce and Labor referral-committee
• 2025-01-27 Fiscal Impact Statement from State Corporation Commission (SB1076)
• 2025-02-03 Reported from Commerce and Labor (11-Y 0-N 4-A) committee-passage
• 2025-02-04 Floor substitute printed 25106773D-S1 (Deeds)
• 2025-02-04 Rules suspended
• 2025-02-04 Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
• 2025-02-04 Read second time reading-2
• 2025-02-04 Reading of substitute waived
• 2025-02-04 Senator Deeds, R. Creigh Substitute agreed to
• 2025-02-04 Engrossed by Senate - floor substitute
• 2025-02-04 Rules suspended
• 2025-02-04 Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
• 2025-02-04 Passed Senate (39-Y 1-N) passage
• 2025-02-07 Placed on Calendar
• 2025-02-07 Read first time reading-1
• 2025-02-07 Referred to Committee on Labor and Commerce referral-committee
• 2025-02-13 Fiscal Impact Statement from State Corporation Commission (SB1076)
• 2025-02-13 Reported from Labor and Commerce with substitute (20-Y 1-N) committee-passage
• 2025-02-13 Committee substitute printed 25107225D-H1 substitution
• 2025-02-17 Read second time reading-2
• 2025-02-18 Read third time reading-3
• 2025-02-18 Labor and Commerce Substitute agreed to
• 2025-02-18 Engrossed by House - committee substitute substitution
• 2025-02-18 Passed House with substitute (81-Y 15-N) passage
• 2025-02-19 House substitute rejected by Senate (0-Y 40-N)
• 2025-02-20 House insisted on substitute substitution
• 2025-02-20 House requested conference committee referral-committee
• 2025-02-20 Senate acceded to request (38-Y 0-N)
• 2025-02-20 Conferees appointed by Senate
• 2025-02-20 Senators: Peake, Deeds, McPike
• 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 25108065D-S2
• 2025-02-22 Conference report agreed to by House (97-Y 0-N) committee-passage-favorable
• 2025-02-22 Passed by temporarily
• 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 Senate and House (SB1076ER) 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
• 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 (SB1076)
• 2025-03-24 Approved by Governor-Chapter 597 (Effective 07/01/25) executive-signature
• 2025-03-24 Acts of Assembly Chapter text (CHAP0597)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/cc50827c-e758-4653-8d2f-11312abb6e45. Confidence: reported (aggregated from official Virginia legislature records).