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 - Hearing 2/24 at 1:00 p.m.
Analysis: Fiscal and Policy Note

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

Cross-filed with: SB0598

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 Text - First - Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act) Proceedings
Chamber House Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action Hearing 2/24 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/02/2026	2/02/2026	First Reading Environment and Transportation
			Text - First - Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act)
House	2/05/2026	2/05/2026	Hearing 2/24 at 1:00 p.m.

File Code

Subjects

Statutes