                                 CODE OF VIRGINIA

 CONTENTS OF INTEGRATED RESOURCE PLANS (§ 56-598)

An IRP should:

1. Integrate, over the planning period, the electric utility&#8217;s forecast of
demand for electric generation supply with recommended plans to meet that
forecasted demand and assure adequate and sufficient reliability of service,
including:
			a. Generating electricity from generation facilities that it currently
operates or intends to construct or purchase;
			b. Purchasing electricity from affiliates and third parties;
			c. Reducing load growth and peak demand growth through cost-effective demand
reduction programs; and
			d. Utilizing energy storage facilities to help meet forecasted demand and
assure adequate and sufficient reliability of service;

2. Identify a portfolio of electric generation supply resources, including
purchased and self-generated electric power, that:
			a. Consistent with &#xA7; 56-585.1, is most likely to provide the electric
generation supply needed to meet the forecasted demand, net of any reductions
from demand side programs, so that the utility will continue to provide reliable
service at reasonable prices over the long term; and
			b. Will consider low cost energy/capacity available from short-term or spot
market transactions, consistent with a reasonable assessment of risk with
respect to both price and generation supply availability over the term of the
plan;

3. Reflect a diversity of electric generation supply and cost-effective demand
reduction contracts and services so as to reduce the risks associated with an
over-reliance on any particular fuel or type of generation demand and supply
resources and be consistent with the Commonwealth&#8217;s energy policies as set
forth in &#xA7; 45.2-1706.1; and

4. Include such additional information as the Commission requests pertaining to
how the electric utility intends to meets its obligation to provide electric
generation service for use by its retail customers over the planning period.

HISTORY: 2008, cc. 476, 603; 2020, c. 1190; 2021, Sp. Sess. I, c. 327.