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2019 SESSION

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HB 1840 Business parks; pilot program to facilitate construction of electric transmission facilities.

Introduced by: Daniel W. Marshall, III | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Electric utilities; pilot programs for transmission facilities serving business parks. Directs the Virginia Economic Development Partnership to establish pilot programs by Dominion Energy Virginia and Appalachian Power. The pilot programs will have the purpose of promoting economic development in opportunity zones of the Commonwealth by allowing each utility to complete the construction phase of electric transmission infrastructure for up to three business parks prior to the public announcement of a prospective occupant of the business parks. Electric cooperatives may also petition the State Corporation Commission to participate in the pilot. The measure authorizes a utility to recover the costs of the transmission facility through a rate adjustment clause. The provisions of this measure expire on December 31, 2023.


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