HB1360 • 2026

Investor-owned electric utilities; requirements in fuel factor proceedings conducted with SCC.

An Act to establish certain requirements for investor-owned electric utilities in fuel factor proceedings conducted with the State Corporation Commission.

Energy

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Shin
Last action: 2026-04-06
Official status: Acts of Assembly Chapter
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on what happens if an electric company fails to comply with the requirements, nor does it specify how this law affects smaller or publicly owned utilities.

Rules for Electric Companies in Fuel Factor Meetings

This law sets rules for electric companies to follow when they meet with the State Corporation Commission about fuel factors.

What This Bill Does

Requires investor-owned electric utilities to provide specific information regarding coal-fueled or oil-fueled electric generating units during fuel factor proceedings conducted with the State Corporation Commission.

Who It Names or Affects

Investor-owned electric utilities
State Corporation Commission

Terms To Know

fuel factor proceedings: Meetings where the State Corporation Commission discusses fuel costs with investor-owned electric utilities.
must-run units: Power plants that must run at all times to ensure a steady supply of electricity.

Limits and Unknowns

The bill does not specify the consequences if an electric company fails to provide required information.
It is unclear how this law will affect smaller or publicly owned utilities.

Bill History

2026-04-06 Governor
Approved by Governor-Chapter 310 (effective 7/1/2026)
2026-04-06 Governor
Approved by Governor-Chapter 310 (effective 7/1/2026)
2026-04-06 Governor
Acts of Assembly Chapter text (CHAP0310)
2026-04-06 House
Fiscal Impact Statement from State Corporation Commission (HB1360)
2026-03-14 House
Enrolled Bill communicated to Governor on March 14, 2026
2026-03-14 Governor
Governor's Action Deadline 11:59 p.m., April 13, 2026
2026-03-12 House
Signed by Speaker
2026-03-12 Senate
Signed by President
2026-03-12 House
Enrolled
2026-03-12 House
Bill text as passed House and Senate (HB1360ER)
2026-03-05 Senate
Read third time
2026-03-05 Senate
Read third time
2026-03-05 Senate
Passed Senate Block Vote (39-Y 0-N 0-A)
2026-03-04 Senate
Rules suspended
2026-03-04 Senate
Rules suspended
2026-03-04 Senate
Passed by for the day
2026-03-04 Senate
Constitutional reading dispensed Block Vote (on 2nd reading) (39-Y 0-N 0-A)
2026-03-04 Senate
Passed by for the day Block Vote (Voice Vote)
2026-03-02 Commerce and Labor
Reported from Commerce and Labor (14-Y 0-N)
2026-02-17 Senate
Constitutional reading dispensed (on 1st reading)
2026-02-17 Commerce and Labor
Referred to Committee on Commerce and Labor
2026-02-16 House
Read third time and passed House (97-Y 0-N 0-A)
2026-02-16 Labor and Commerce
Fiscal Impact Statement from State Corporation Commission (HB1360)
2026-02-13 House
Read second time
2026-02-13 House
committee substitute agreed to
2026-02-13 House
Engrossed by House - committee substitute
2026-02-12 House
Read first time
2026-02-10 Labor and Commerce
Reported from Labor and Commerce with substitute (21-Y 1-N)
2026-02-10 Labor and Commerce
Committee substitute printed 26107303D-H1
2026-02-05 Subcommittee #3
Subcommittee recommends reporting with substitute (8-Y 0-N)
2026-02-05 Subcommittee #3
House subcommittee offered
2026-02-01 House
Fiscal Impact Statement from State Corporation Commission (HB1360)
2026-01-27 Subcommittee #3
Assigned HCL sub: Subcommittee #3
2026-01-19 House
Presented and ordered printed 26104844D
2026-01-19 Labor and Commerce
Referred to Committee on Labor and Commerce

Official Summary Text

Investor-owned electric utilities; fuel factor proceedings; requirements.
Requires that in any fuel factor proceeding conducted with the State Corporation Commission under current law, each investor-owned electric utility shall provide specific information regarding coal-fueled or oil-fueled electric generating units and requires the Commission to make determinations about reasonableness and prudence for the purposes of cost recovery based on such specific information.

Current Bill Text

Read the full stored bill text

An Act to establish certain requirements for investor-owned electric utilities in fuel factor proceedings conducted with the State Corporation Commission.
Be it enacted by the General Assembly of Virginia:
1.
§ 1. That in any fuel factor proceeding conducted with the State Corporation Commission (the Commission) under §
56-249.6
of the Code of Virginia, each investor-owned electric utility shall provide in its initial application (i) all hours during which the investor-owned electric utility committed any of its coal-fueled or oil-fueled electric generating units as must-run units, (ii) the marginal operating costs of such units during each hour when they were designated as must-run, (iii) the reason for making each such must-run commitment, and (iv) the energy market clearing price set by the regional transmission entity for that same hour. Under its existing authority, the Commission shall determine, on a case-by-case basis, whether the decision by an investor-owned electric utility to commit a coal-fueled or oil-fueled electric generating unit as must-run was reasonable and prudent, and the Commission shall deny the recovery of any costs associated with any such decision that the Commission finds was unreasonable or imprudent.