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Bill

HB 2413

Electric utilities; integrated resource plans, Phase I or Phase II files updated plans, etc.

2025 Regular Session Introduced by Nadarius Clark and 4 co-sponsors

Virginia bill requiring electric utilities to submit updated long-term energy plans every two years instead of current schedule was vetoed by Governor and veto sustained by House.

House sustained Governor's veto
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Bill Summary · HB 2413

Legislative bill overview

HB 2413 requires Virginia's electric utilities to update their Integrated Resource Plans (IRPs)—long-term forecasts of energy needs and supply strategies—on an accelerated timeline, with Phase I utilities updating every two years instead of the current schedule. The bill aims to ensure utility plans reflect changing energy markets, renewable energy costs, and grid modernization needs more frequently than traditional planning cycles allow.

Why is this important

Utilities' resource plans directly shape electricity rates, grid reliability, and Virginia's ability to meet climate and clean energy goals. More frequent updates could help utilities respond faster to technological advances (like cheaper solar and batteries) and market shifts, potentially benefiting consumers through better planning. Conversely, accelerated planning cycles increase regulatory and administrative burden on utilities, which may be passed to ratepayers.

Potential points of contention

  • Cost burden: More frequent filing and analysis requirements increase utility compliance costs, which typically flow to consumers through rates
  • Planning stability vs. flexibility: More frequent updates could create uncertainty for long-term infrastructure investment, or conversely, provide needed agility in a rapidly changing energy landscape
  • Governor's veto rationale: The veto (which the House sustained) suggests concerns about implementation costs, regulatory feasibility, or timing—though specific veto language would clarify the administration's objections

Compiled from official sources — confirm details with the bill’s official record.

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