Virginia 2024 Regular Session

Virginia House Bill HB714

Introduced

1/9/24

Refer

1/9/24

Report Pass

1/25/24

Engrossed

1/30/24

Refer

2/1/24

Report Pass

3/4/24

Caption

Electric utilities; pilot program for underground transmission lines, additional project.

Impact

If enacted, HB714 would significantly alter the landscape of electric utility infrastructure in Virginia. The bill is designed to increase the feasibility and attractiveness of underground transmission lines, which could lead to improved grid reliability and potentially enhance the aesthetic features of communities by reducing overhead lines. Additionally, participation in this program may enable municipalities to align electric transmission projects more closely with local economic development goals. This adjustment could foster a conducive environment for businesses and residents alike, addressing both reliability and community concerns.

Summary

House Bill 714 establishes a pilot program aimed at facilitating the construction of underground electric transmission lines in Virginia. The program specifically targets lines with capacities between 69 and 230 kilovolts, allowing up to three qualifying projects to be constructed either wholly or partially underground. The goal is to enhance the understanding of how underground transmission can improve electric reliability and support economic development initiatives throughout the Commonwealth. Projects must demonstrate community support and meet specific technical and cost criteria to qualify for this pilot program.

Contention

Notably, there may be points of contention surrounding the implementation of this pilot program. Critics might argue about the potential costs associated with underground lines compared to traditional overhead lines, especially in the context of consumer rates. Questions may arise regarding who bears the financial responsibility for projects that exceed predetermined cost limits. Furthermore, there might be disagreements on the prioritization of projects, particularly if some communities express concern over their specific local aspects being overshadowed by broader economic goals. Overall, while the intent of the bill supports modernization of infrastructure, its practical implications may invite scrutiny from various stakeholders.