Offshore Wind Energy Target

H.B. 1526 of 2020 established an offshore wind energy procurement target for Phase II utilities (Dominion Energy). The legislation directs Dominion to generate 5,200 megawatts (MW) of offshore wind energy by December 31, 2034. The deadline was later amended to December 31, 2032. Dominion is authorized to own and operate between 2,500 MW and 3,000 MW of the required capacity, however, it will be up to the Virginia State Corporation Commission to determine the reasonableness and prudence of any such costs incurred by Dominion.