Electric utilities; SCC to conduct and review an all-source competitive procurement.

Plain English Breakdown

The bill does not specify exact rules or timelines for the procurement process, leaving some details open-ended.

Electric Utilities; Competitive Procurement Process

This bill directs the State Corporation Commission to oversee a competitive procurement process for Dominion Energy and Appalachian Power, ensuring all types of energy sources are fairly evaluated.

What This Bill Does

• Requires the State Corporation Commission (SCC) to manage an all-source competitive procurement process for Dominion Energy and Appalachian Power.
• Instructs the SCC to set rules that ensure a fair evaluation of all available resources before selecting feasible and cost-effective options.
• Permits the SCC to hire experts to assist in the procurement process if needed.
• Requires the SCC to review each utility's request for proposals to ensure fairness.

Who It Names or Affects

• Dominion Energy
• Appalachian Power
• The State Corporation Commission

Terms To Know

all-source competitive procurement

A process where different energy companies compete to provide the best deals for new power supplies.

Phase I and Phase II Utilities

Specific categories of electric utilities as defined by Virginia law.

Limits and Unknowns

• The bill does not specify when this process will start or how long it will take.
• It is unclear what the exact rules for evaluating energy resources will be.

Official Summary Text

Electric utilities; State Corporation Commission; all-source competitive procurement.
Directs the State Corporation Commission to conduct and review an all-source competitive procurement process for Dominion Energy and Appalachian Power. Under the bill, the Commission shall determine best practices for the competitive procurement, including methods to evaluate all available resources prior to selecting feasible and cost-effective options.

Current Bill Text

A BILL to direct the State Corporation Commission to conduct and review an all-source competitive procurement process for certain electric utilities.

Be it enacted by the General Assembly of Virginia:

1.
§ 1.
The State Corporation Commission (the Commission) shall conduct and monitor
an
all-source competitive procurement
process
for Phase I and Phase II Utilities, as such
terms are defined in subdivision A 1 of §
56-585.1
of the Code of Virginia.
In
conducting such
process
, the Commission shall enable the acquisition of new energy supply resources and the requirements for capacity or generation shall be neutral in terms of technology and ownership
of resources.
The Commission shall determine the amount of capacity to be competitively procured by each Phase I
and Phase II Utility
, as informed by relevant resource planning filings,
and permit participation from energy resource alternatives
and opportunities for resource optimization
.
The Commission shall determine best practices for the all-source competitive procurement
, including methods to fairly evaluate all available supply-side and demand-side
resources
prior to selecting feasible and cost-effective options. The Commission shall review each Phase I and Phase II Utility's request for proposals before issuance t
o ensure all available resources will be fairly evaluated. In conducting its review, the Commission may engage a consultant with experience in successful all-source competitive procurement. The Commission shall also require any request for proposals issued under this act to
conform in all material aspects to the applicable requirements for procurement of solar and wind resources describ
ed in subdivision D 3 of §
56-585.5
of the Code of Virginia
.