The State Corporation Commission (SCC) has ordered electric utilities and investor-owned electric cooperatives to apply for federal grants in Virginia’s utility infrastructure under the Investment and Lending Act. in Infrastructure Employment (IIJA).
The IIJA created a federal financial assistance program to promote electric utility investments in advanced generation, transmission and distribution technologies. Under the legislation, subsidies are available for electric vehicle charging infrastructure, hydrogen refueling infrastructure and other refueling options.
The IIJA establishes loans for the Smart Grid Investment Matching Grant Program, Incentive Payments to Qualifying Hydroelectric Facilities, for Pumped Storage Hydropower Demonstration Project for Intermittent Renewable Energy, for Various Projects pilots and demonstrations, and for programs to develop carbon capture technology to improve the environment. performance of the use of coal and natural gas.
Interested parties are invited to submit comments.
Written comments are due by February 2, 2023 and can be submitted through the CSC website, select “Case” and then “Submit Public Comment”. Scroll down to case number PUR-2022-00180.