Fabio
94 lines
5.3 KiB
Markdown
94 lines
5.3 KiB
Markdown
---
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type: "Bill"
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title: "Electric utilities, certain; purchased power cost risk mitigation practices."
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description: "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."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2026"
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identifier: "SB 505"
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citation: "Virginia SB 505 (2026)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["R. Creigh Deeds"]
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version_count: 4
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action_count: 30
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vote_count: 5
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first_action: "2026-01-13"
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last_action: "2026-03-31"
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source: "openstates"
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source_identifier: "ocd-bill/51e97b38-4e86-4683-9eeb-cad83e3ddfb2"
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source_url: "https://lis.virginia.gov/bill-details/20261/SB505"
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source_hash: "07ffd65741f29336d8967c8c06cac0c3250b110f6991b3a9bc73ca2af2648aa4"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 505 (2026) — Electric utilities, certain; purchased power cost risk mitigation practices.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://lis.blob.core.windows.net/files/1090608.PDF)
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2. **Chaptered** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1214889.PDF)
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3. **Commerce and Labor Substitute** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1136065.PDF)
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4. **Enrolled** (enrolled) — [source](https://lis.blob.core.windows.net/files/1188618.PDF)
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## Votes
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- Passage R — **39–0** (pass) · upper
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- Constitutional reading dispensed R — **40–0** (pass) · upper
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- Reported from Labor and Commerce — **21–1** (pass) · lower
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- H VOTE: — **96–0** (pass) · lower
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- Reported from Commerce and Labor with substitute — **14–0** (pass) · upper
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## Sponsors
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- R. Creigh Deeds — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2026-01-13** Prefiled and ordered printed; Offered 01-14-2026 26104695D `filing, introduction`
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- **2026-01-13** Referred to Committee on Commerce and Labor `referral-committee`
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- **2026-02-05** Fiscal Impact Statement from State Corporation Commission (SB505)
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- **2026-02-09** Senate committee offered
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- **2026-02-09** Reported from Commerce and Labor with substitute (14-Y 0-N) `committee-passage`
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- **2026-02-10** Committee substitute printed 26107572D-S1 `substitution`
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- **2026-02-11** Rules suspended
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- **2026-02-11** Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
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- **2026-02-11** Passed by for the day Block Vote (Voice Vote)
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- **2026-02-12** Read second time `reading-2`
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- **2026-02-12** Commerce and Labor Substitute agreed to
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- **2026-02-12** Engrossed by Senate - committee substitute Block Vote (Voice Vote) `substitution`
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- **2026-02-13** Read third time and passed Senate (39-Y 0-N 0-A) `passage, reading-3`
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- **2026-02-16** Fiscal Impact Statement from State Corporation Commission (SB505)
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- **2026-02-18** Placed on Calendar
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- **2026-02-18** Read first time `reading-1`
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- **2026-02-18** Referred to Committee on Labor and Commerce `referral-committee`
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- **2026-02-24** Reported from Labor and Commerce (21-Y 1-N) `committee-passage`
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- **2026-02-26** Read second time `reading-2`
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- **2026-02-27** Read third time `reading-3`
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- **2026-02-27** Passed House (96-Y 0-N 0-A) `passage`
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- **2026-03-04** Enrolled `enrolled`
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- **2026-03-04** Bill text as passed Senate and House (SB505ER) `passage`
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- **2026-03-04** Signed by Speaker `passage`
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- **2026-03-04** Signed by President `passage`
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- **2026-03-10** Enrolled Bill communicated to Governor on March 10, 2026 `enrolled, executive-receipt`
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- **2026-03-10** Governor's Action Deadline 11:59 p.m., April 13, 2026 `executive-receipt`
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- **2026-03-12** Fiscal Impact Statement from State Corporation Commission (SB505)
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- **2026-03-31** Approved by Governor-Chapter 30 (effective 7/1/2026) `executive-signature`
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- **2026-03-31** Acts of Assembly Chapter text (CHAP0030)
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/51e97b38-4e86-4683-9eeb-cad83e3ddfb2`. Confidence: reported (aggregated from official Virginia legislature records).
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