                                 CODE OF VIRGINIA

INTEGRATED RESOURCE PLAN REQUIRED (§ 56-599)

A. Each electric utility shall file an updated integrated resource plan by
October 15, in each year immediately preceding the year the utility is subject
to a biennial review of rates for generation and distribution services filing. A
copy of each integrated resource plan shall be provided to the Chairman of the
House Committee on Labor and Commerce, the Chairman of the Senate Committee on
Commerce and Labor, and the Chairman of the Commission on Electric Utility
Regulation. After January 1, 2024, each electric utility not subject to an
annual review shall file an annual update to the integrated resource plan by
October 15, in each year that the utility is subject to review of rates for
generation and distribution services filing. All updated integrated resource
plans shall comply with the provisions of any relevant order of the Commission
establishing guidelines for the format and contents of updated and revised
integrated resource plans. Each integrated resource plan shall consider options
for maintaining and enhancing rate stability, energy independence, economic
development including retention and expansion of energy-intensive industries,
and service reliability.

B. In preparing an integrated resource plan, each electric utility shall
systematically evaluate and may propose:

   1. Entering into short-term and long-term electric power purchase contracts;

   2. Owning and operating electric power generation facilities;

   3. Building new generation facilities;

   4. Relying on purchases from the short term or spot markets;

   5. Making investments in demand-side resources, including energy efficiency
   and demand-side management services;

   6. Taking such other actions, as the Commission may approve, to diversify its
   generation supply portfolio and ensure that the electric utility is able to
   implement an approved plan;

   7. The methods by which the electric utility proposes to acquire the supply
   and demand resources identified in its proposed integrated resource plan;

   8. The effect of current and pending state and federal environmental
   regulations upon the continued operation of existing electric generation
   facilities or options for construction of new electric generation facilities;

   9. The most cost effective means of complying with current and pending state
   and federal environmental regulations, including compliance options to
   minimize effects on customer rates of such regulations;

   10. Long-term electric distribution grid planning and proposed electric
   distribution grid transformation projects, including a comprehensive
   assessment of the potential application of grid-enhancing technologies and
   advanced conductors in a manner that ensures grid reliability and safeguards
   the cybersecurity and physical security of the electric distribution grid. An
   electric utility that does not include grid-enhancing technologies or advanced
   conductors in an integrated resource plan shall include a detailed explanation
   of why such technologies or conductors are not included in such plan;

   11. Developing a long-term plan for energy efficiency measures to accomplish
   policy goals of reduction in customer bills, particularly for low-income,
   elderly, and disabled customers; reduction in emissions; and reduction in
   carbon intensity; and

   12. Developing a long-term plan to integrate new energy storage facilities
   into existing generation and distribution assets to assist with grid
   transformation.

C. As part of preparing any integrated resource plan pursuant to this section,
each utility shall conduct a facility retirement study for owned facilities
located in the Commonwealth that emit carbon dioxide as a byproduct of
combusting fuel and shall include the study results in its integrated resource
plan. Upon filing the integrated resource plan with the Commission, the utility
shall contemporaneously disclose the study results to each planning district
commission, county board of supervisors, and city and town council where such
electric generation unit is located, the Department of Energy, the Department of
Housing and Community Development, the Virginia Employment Commission, and the
Virginia Council on Environmental Justice. The disclosure shall include (i) the
driving factors of the decision to retire and (ii) the anticipated retirement
year of any electric generation unit included in the plan. Any electric
generating facility with an anticipated retirement date that meets the criteria
of &#xA7; 45.2-1701.1 shall comply with the public disclosure requirements
therein.

D. As part of preparing any integrated resource plan pursuant to this section,
each utility shall conduct outreach to engage the public in a stakeholder review
process and provide opportunities for the public to contribute information,
input, and ideas on the utility&#8217;s integrated resource plan, including the
plan&#8217;s development methodology, modeling inputs, and assumptions, as well
as the ability for the public to make relevant inquiries, to the utility when
formulating its integrated resource plan. Each utility shall report its public
outreach efforts to the Commission. The stakeholder review process shall include
representatives from multiple interest groups, including residential and
industrial classes of ratepayers. Each utility shall, at the time of the filing
of its integrated resource plan, report on any stakeholder meetings that have
occurred prior to the filing date.

E. The Commission shall analyze and review an integrated resource plan and,
after giving notice and opportunity to be heard, the Commission shall make a
determination within nine months after the date of filing as to whether such an
integrated resource plan is reasonable and is in the public interest.

HISTORY: 2008, cc. 476, 603; 2015, c. 6; 2018, c. 296; 2020, c. 1190; 2021, Sp.
Sess. I, cc. 41, 42; 2023, cc. 753, 757, 775, 793; 2024, c. 532.