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52Nov 3 election

Large-Scale Electricity Consumer Infrastructure Impact Fund; created.

Introduced: it can still change before the session ends.

VA SB 700 · Senate Bill · 2027

Stage
Introduced
Started in
Senate
Sponsor
Kannan Srinivasan
Latest action
Jul 21

Where it stands

  1. Introduced (Current step)

    Introduced · Jul 21

  2. Committee (Not started)

    Up next

  3. Floor (Not started)

  4. Law (Not started)

What it does

Large-Scale Electricity Consumer Infrastructure Impact Fund. Establishes the Large-Scale Electricity Consumer Infrastructure Impact Fund (the Fund) for the purposes of offsetting infrastructure replacement and enhancement costs incurred by utilities that are directly attributable to the electricity demand of large-scale electricity consumers and providing bill credits to residential customers to offset rate increases due to the electricity demand of large-scale electricity consumers. The bill requires each large-scale electricity consumer operating in the Commonwealth to remit an annual infrastructure impact fee in an amount determined and assessed by the State Corporation Commission (the…

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Who is involved

Sponsors

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