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SB 1040

Electric utilities; renewable energy portfolio standard program requirements.

2025 Regular Session Introduced by Schuyler VanValkenburg

Virginia bill requiring electric utilities to increase renewable energy sourcing was vetoed by Governor despite Senate rejection of the veto recommendation.

Vetoed by Governor
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Bill Summary · SB 1040

Legislative bill overview

SB 1040 modifies Virginia's Renewable Energy Portfolio Standard (REPS) program by establishing or adjusting requirements for electric utilities to source increasing percentages of their electricity from renewable energy sources. The bill was ultimately vetoed by the Governor in May 2025, despite the Senate rejecting the Governor's initial recommendation against it in April.

Why is this important

Renewable energy portfolio standards directly impact Virginia's electricity grid composition, utility costs, and environmental emissions. The bill represents a policy decision about how quickly the state transitions away from fossil fuels and what burden that transition places on utilities and consumers.

Potential points of contention

  • Cost implications: Utilities argue that accelerated renewable mandates increase infrastructure costs that get passed to consumers, while renewable advocates counter that long-term savings and health benefits justify the investment
  • Timeline feasibility: Disputes over whether the renewable targets are achievable within specified timeframes given current supply chain constraints and grid infrastructure limitations
  • Grid reliability concerns: Questions about whether increased renewable penetration (which is variable) can maintain grid stability without sufficient battery storage or backup capacity

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

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