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HB976

Electric utilities; SCC to ensure energy policy at lowest reasonable cost.

Status:
In House

Chief Patron:
Phil Hernandez (D)

Session:
2024 Regular Session

Summary

As Introduced. Electric utilities; State Corporation Commission; energy policy of the Commonwealth.

Requires the State Corporation Commission to ensure that the Commonwealth implements the energy policy of the Commonwealth, as defined by relevant law, at the lowest reasonable cost, taking into account all cost-effective demand-side management options and the security and reliability benefits of the regional transmission entity that each incumbent electric utility has joined. The bill establishes a rebuttable presumption that plans, petitions, or proposals from utilities that do not ensure such implementation at the lowest reasonable cost are not in the public interest. (Less)
  • Bill History

  • 01/09/2024 - House: Prefiled and ordered printed; offered 01/10/24 24103181D
  • 01/09/2024 - House: Referred to Committee on Labor and Commerce
  • 01/18/2024 - House: Assigned L & C sub: Subcommittee #3
  • 01/30/2024 - House: Impact statement from SCC (HB976)
  • 02/06/2024 - House: Subcommittee recommends continuing to 2025
  • 02/08/2024 - House: Continued to 2025 in Labor and Commerce