2026 SESSION
ENROLLED
VIRGINIA ACTS OF ASSEMBLY -- CHAPTER
An Act to amend and reenact § 56-577 of the Code of Virginia, relating to electric utilities; licensed retail suppliers; renewable portfolio standard requirements.
[H 921]
Approved
Be it enacted by the General Assembly of Virginia:
1. That § 56-577 of the Code of Virginia is amended and reenacted as follows:
§ 56-577 . Retail competition in electric generation service; limitations; Commission authority; exemptions.
A. Retail competition for the purchase and sale of electric energy shall be subject to the following provisions:
1. Each incumbent electric utility owning, operating, controlling, or having an entitlement to transmission capacity shall join or establish a regional transmission entity, which entity may be an independent system operator, to which such utility shall transfer the management and control of its transmission system, subject to the provisions of § 56-579 .