CHAPTER 674
An Act to amend and reenact § 56-594.4 of the Code of Virginia, relating to electric utilities; shared solar programs; Phase I Utility.
[S 255]
Approved April 13, 2026
Be it enacted by the General Assembly of Virginia:
1. That § 56-594.4 of the Code of Virginia is amended and reenacted as follows:
§ 56-594.4 . Shared solar programs; Phase I Utility.
A. As used in this section:
"Administrative cost" means the reasonable incremental cost to the investor-owned utility to process subscribers' bills for the program.
"Applicable bill credit rate" means the dollar-per-kilowatt-hour rate used to calculate the subscriber's bill credit.
"Bill credit" means the monetary value of the electricity, in kilowatt-hours, generated by the shared solar facility allocated to a subscriber to offset that subscriber's electricity bill.