OFFERED FOR CONSIDERATION 2/12/2026
SENATE BILL NO. 40
FLOOR AMENDMENT IN THE NATURE OF A SUBSTITUTE
(Patron Prior to Substitute—Senator Stanley)
A BILL to amend and reenact § 56-585.5 of the Code of Virginia, relating to electric utilities; renewable energy portfolio standard program; deficiency payment for noncompliance.
SENATE BILL NO. __________ HOUSE BILL NO. _________ _
Be it enacted by the General Assembly of Virginia:
1. That § 56-585.5 of the Code of Virginia is amended and reenacted as follows:
§ 56-585.5 . Generation of electricity from renewable and zero-carbon sources.
A. As used in this section:
"Accelerated renewable energy buyer" means a commercial or industrial customer of a Phase I or Phase II Utility, irrespective of generation supplier, with an aggregate load over 25 megawatts in the prior calendar year, that enters into arrangements pursuant to subsection G, as certified by the Commission.