Bill
HB 429
HB 429 strengthens Virginia electric utilities' integrated resource plan requirements, advancing renewable energy and grid modernization goals while potentially affecting rates and utility planning flexibility.
HB 429 modifies Virginia's requirements for electric utility integrated resource plans (IRPs), which are long-term strategic documents outlining how utilities will meet future electricity demand. The bill, sponsored by Delegate Destiny LeVere Bolling, has advanced through committee with a substitute version that reflects negotiated changes to the original proposal. The legislation addresses how utilities must plan for generation, transmission, and distribution infrastructure over multi-year periods.
Integrated resource plans directly influence Virginia's energy future, determining investment priorities in renewable energy, grid modernization, and power generation. These plans affect electricity rates, grid reliability, and the state's progress toward clean energy goals. The bill's specific requirements will shape which energy sources utilities develop and how quickly Virginia transitions its power infrastructure.
Compiled from official sources — confirm details with the bill’s official record.
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