HB 809

Abstract

Department of Energy; State Corporation Commission;federal funding resources for electric utilities; report. Directsthe Department of Energy, in collaboration with the State CorporationCommission, to estimate and analyze total and discrete federal fundingresources available to electric utilities in the Commonwealth fortransmission, generation, distribution, or grid transformation projects.The bill directs the Department to develop a benchmarking and trackingsystem to encourage the maximum leveraging of federal funding resourcesby electric utilities no later than October 1, 2025. The bill requiresthe Department and the Commission to complete their meetings by November30, 2024, and to submit an executive summary and report of theirfindings to the Commission on Electric Utility Regulation.