Legislation - HB0723

Title: Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act)
Sponsored by: Delegates Qi, Boyce, Foley, Fraser-Hidalgo, Guyton, Lewis, Lopez, Moreno, Spiegel, Terrasa, Watson, Wims, and Woorman
Status: In the House - First Reading Environment and Transportation
Analysis

Synopsis

Requiring electric companies to submit to the Public Service Commission cost containment plans for electric distribution and transmission system planning on or before January 1, 2027, and every 3 years thereafter; requiring the plans to combine to reduce peak electric system loads in a certain manner; and requiring electric companies to submit certain progress reports on the implementation of the plan.

Committees

Original:: Environment and Transportation

Details

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 2/02/2026 Legislative Date 2/02/2026 Action First Reading Environment and Transportation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/02/2026	2/02/2026	First Reading Environment and Transportation

File Code

Subjects

Statutes