Electric utilities; recovery of development costs associated with small modular reactor.
It became law on Apr 22, 2024.
- Stage
- Became law
- Started in
- Senate
- Latest action
- Apr 22, 2024
What it does
Electric utilities; recovery of development costs associated with small modular reactor. Permits Dominion Energy Virginia to petition the State Corporation Commission at any time for the approval of a rate adjustment clause for the recovery of small modular reactor project development costs for up to one small modular reactor facility. The bill also permits the utility to petition the Commission for project development cost recovery along separate development phases. The bill has an expiration date of December 31, 2029.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
Where it goes next
Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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