Electric utilities; licensed retail suppliers, renewable portfolio standard requirements.

Electric utilities; licensed retail suppliers; notice period for return to service. Permits an individual nonresidential retail customer of electric energy of Appalachian Power or Dominion Energy Virginia whose noncoincident peak demand exceeded five megawatts during the most recent calendar year to purchase electric energy from a licensed supplier within the Commonwealth. Currently, such a customer may only purchase electric energy from a licensed supplier if the customer's peak demand did not exceed one percent of the incumbent electric utility's peak load during the most recent calendar year unless the customer had a noncoincident peak demand of more than 90 megawatts.

The bill changes from five years to eighteen months the advance notice period required for such a customer to return to service by an incumbent electric utility. This bill is identical to SB 818.