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Virginia · 2026 Regular Session · Bill

SB 505: Electric utilities, certain; purchased power cost risk mitigation practices.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 505 is a bill introduced in the Virginia Senate on January 13, 2026. According to its official title, it concerns: Electric utilities, certain; purchased power cost risk mitigation practices. Primary sponsor: Creigh Deeds (Democratic). Most recent recorded action (March 31, 2026): Acts of Assembly Chapter text (CHAP0030).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Creigh DeedsPrimary sponsorDemocraticSenate11

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Acts of Assembly Chapter text (CHAP0030)
  2. Approved by Governor-Chapter 30 (effective 7/1/2026)
  3. Fiscal Impact Statement from State Corporation Commission (SB505)
  4. Governor's Action Deadline 11:59 p.m., April 13, 2026
  5. Enrolled Bill communicated to Governor on March 10, 2026
  6. Signed by President
  7. Signed by Speaker
  8. Bill text as passed Senate and House (SB505ER)
  9. Enrolled
  10. Passed House (96-Y 0-N 0-A)
  11. Read third time
  12. Read second time

Showing 12 most recent of 30 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source