HB 903 Virginia House of Delegates · 2026 Regular Session

Electric utilities; performance-based regulatory framework.

Summary

Electric utilities; performance-based regulation; work group; report. Directs the State Corporation Commission to independently consider whether elements of an effective performance-based regulatory framework to evaluate and potentially improve electric utility performance and cost control incentives in the Commonwealth are in the public interest and to develop related legislative recommendations. The bill requires the Commission to include its findings and recommendations in a report required by existing law by July 1, 2027. As introduced, this bill was a recommendation of the Commission on Electric Utility Regulation. This bill is identical to SB 251.

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House of Delegates Passage

Mar 2026

Senate Passage

Mar 2026

Signed into Law

Apr 2026

Introduced Jan 13, 2026 Signed Apr 13, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Rules Substitute → Enrolled · 3 edits · Apr 13, 2026

MINOR

The bill was finalized as an Enrolled Act, changing its status from a Senate substitute to official law. The primary substantive change extends the deadline for the State Corporation Commission to submit its performance evaluation report from March 1, 2027, to July 1, 2027, giving regulators more time to complete their analysis. Minor formatting adjustments were made to section headers and code citations.

Scope change

The bill's scope and applicability remain unchanged; it continues to direct the State Corporation Commission to evaluate electric utility performance in Virginia.

TIMELINE

The deadline for the State Corporation Commission to submit its findings and recommendations was extended from March 1, 2027, to July 1, 2027.

TECHNICAL

The document status was updated from 'Senate Substitute' to 'Enrolled', indicating the bill has passed all legislative stages and is ready for the Governor's signature.

Minor formatting corrections were applied to section headers and legal code citations (e.g., adding spaces before section numbers).

Floor votes · Senate Mar 9, 2026 · House of Delegates Feb 17, 2026

How they voted

39–0

Passed

Total votes 39

Mar 9, 2026

D Democratic20

20 Yea

100% Yea

R Republican19

19 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 13, 2026

Signed into law

Approved by Governor-Chapter 701 (effective 7/1/2026)

executive

Mar 31, 2026

Lower · Passed

Signed by Speaker

lower

Mar 30, 2026

Upper · Passed

Signed by President

upper

Mar 30, 2026

Lower · Passed

Bill text as passed House and Senate (HB903ER)

lower

Mar 11, 2026

Lower · Passed

Senate substitute with amendment agreed to by House (84-Y 13-N 0-A)

lower

Mar 10, 2026

Upper · Passed

Passed Senate with substitute with amendment (23-Y 17-N 0-A)

upper

Mar 10, 2026

Upper · Passed

Finance and Appropriations Amendment agreed to

upper

Mar 9, 2026

Upper · Passed

Passed by for the day Block Vote (Voice Vote)

upper

Mar 6, 2026

Upper · Passed

Reported from Finance and Appropriations with amendment (10-Y 5-N)

upper

Feb 27, 2026

Upper · Passed

Reported from Rules with substitute and rereferred to Finance and Appropriations (12-Y 3-N)

upper

Feb 18, 2026

Committee

Referred to Committee on Rules

upper

Feb 17, 2026

Lower · Passed

Read third time and passed House (97-Y 0-N 0-A)

lower

Feb 11, 2026

Lower · Passed

Reported from Appropriations (22-Y 0-N)

lower

Feb 11, 2026

Lower · Passed

Subcommittee recommends reporting (7-Y 0-N)

lower

Feb 6, 2026

Committee

Assigned HAPP sub: Commerce Agriculture & Natural Resources

lower

Feb 6, 2026

Lower · Passed

Reported from Rules and referred to Appropriations (16-Y 0-N)

lower

Feb 2, 2026

Lower · Passed

Subcommittee recommends reporting and referring to Appropriations (5-Y 0-N)

lower

Jan 30, 2026

Committee

Assigned HRUL sub: Studies Subcommittee

lower

Jan 13, 2026

Committee

Referred to Committee on Rules

lower

1 primary · 0 co-sponsors