States / Virginia / SB 40

SB 40 In Committee

Electric utilities; renewable energy portfolio standard program, deficiency payments.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Electric utilities; renewable energy portfolio standard program; deficiency payments. Removes provisions requiring deficiency payments by certain electric utilities if such utilities are unable to meet the compliance obligation of the renewable energy portfolio standard (RPS) program requirements or if the cost of renewable energy certificates necessary to comply with RPS program requirements exceeds $45 per megawatt hour.

Chamber
Senate
Introduced
Nov 20, 2025
Last action
Feb 12, 2026 — Passed by indefinitely in Commerce and Labor (9-Y 6-N)
Session
2026
Momentum
31 · Low