Electric utilities, certain; purchased power cost risk mitigation practices.
Summary
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.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
Feb 2026
Senate Passage
Mar 2026
House of Delegates Passage
Mar 2026
Signed into Law
Mar 2026
Introduced Jan 13, 2026
Signed Mar 31, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
Enrolled
→
Chaptered
·
3 edits
MINOR
The bill was finalized and assigned to Chapter 30 of the 2026 Virginia Acts. The core policy text remains unchanged, requiring the State Corporation Commission to examine fuel and power cost risk mitigation practices for specific utilities starting in their 2026 annual filings.
Scope change
The bill's scope and applicability remain unchanged; it applies to Phase I and Phase II Utilities filing annual applications on or after July 1, 2026.
TIMELINE
The placeholder text '2026 SESSION' and 'ENROLLED' were removed.
The specific approval date 'March 31, 2026' was added.
TECHNICAL
The header was updated to include the official chapter number 'CHAPTER 30'.
Floor votes · Senate Feb 11, 2026 · House of Delegates Feb 27, 2026
How they voted
39–0
Passed
Total votes 39
Feb 11, 2026
D
Democratic20
100% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
30
Key actions
10
Committee
5
Mar 31, 2026
Signed into law
Approved by Governor-Chapter 30 (effective 7/1/2026)
executive
Mar 4, 2026
Upper · Passed
Signed by President
upper
Mar 4, 2026
Lower · Passed
Signed by Speaker
lower
Mar 4, 2026
Upper · Passed
Bill text as passed Senate and House (SB505ER)
upper
Feb 27, 2026
Lower · Passed
Passed House (96-Y 0-N 0-A)
lower
Feb 24, 2026
Lower · Passed
Reported from Labor and Commerce (21-Y 1-N)
lower
Feb 18, 2026
Committee
Referred to Committee on Labor and Commerce
lower
Feb 13, 2026
Upper · Passed
Read third time and passed Senate (39-Y 0-N 0-A)
upper
Feb 11, 2026
Upper · Passed
Passed by for the day Block Vote (Voice Vote)
upper
Feb 9, 2026
Upper · Passed
Reported from Commerce and Labor with substitute (14-Y 0-N)
upper
Feb 9, 2026
Upper · Passed
Senate committee offered
upper
Jan 13, 2026
Committee
Referred to Committee on Commerce and Labor
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Creigh Deeds
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 505
Scope: VA
Hi! I can help you understand SB 505. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline