Virginia SB 509

Electric utilities; licensed suppliers of electric energy; aggregate demands; total retail load limit. Amends provisions that permit two or more individual nonresidential retail customers of electric energy to petition the State Corporation Commission (the Commission) to aggregate their electric demands for the purpose of purchasing electric energy from a licensed supplier. Under the bill, the five megawatt participation threshold is based on noncoincident peak demand in calendar year 2024 and any year thereafter. Under the bill, such customers are not required to petition the Commission for approval to aggregate their demands, but are required to notify the Commission and incumbent electric utility in writing that they have met the requirements for doing so. The bill makes it voluntary rather than mandatory for the Commission to impose certain periodic monitoring and reporting obligations for such customers to demonstrate continued compliance with the aggregate demand limitations.