Electric utilities; definitions, integrated resource plans, report.

This legislation updates the regulatory requirements for Virginia’s electric utilities by refining the definitions and processes governing Integrated Resource Plans. These plans serve as the long-term roadmaps utilities must submit to state regulators to ensure the grid can meet future energy demands reliably and affordably. By mandating more rigorous reporting and updated planning criteria, the bill aims to improve the transparency and accuracy of how providers project power needs and transition toward future energy sources. For Arlington residents, this oversight is designed to stabilize long-term energy costs and promote a more resilient, modern power grid as the region continues to grow. These changes are intended to provide greater accountability for utility companies, ensuring their infrastructure investments align with state goals for reliability and future utility capacity.