HB723Introduced in the House of Delegates
Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act)
Introduced by Lily Qi, District 15
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Hearing 3/03 at 1:00 p.m.
February 23, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
First Reading Environment and Transportation
Hearing 2/24 at 1:00 p.m.
Hearing canceled
Hearing 3/03 at 1:00 p.m.
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