VA HB892

Requires the State Corporation Commission (SCC) to initiate a proceeding by March 1, 2027, to investigate electric load forecasting practices by Phase I and Phase II utilities and electric distribution cooperatives

Mandates evaluation of methodologies, data, and assumptions used in load forecasts submitted to PJM Interconnection, the regional transmission entity

Directs review of accuracy, consistency, and transparency of forecasting methods, including whether utilities incorporate risk minimization terms like financial commitments and minimum demand obligations into forecasts

Adds requirement for integrated resource plans (IRPs) to include forecasting of compliance with renewable energy portfolio standard obligations, excluding accelerated renewable energy buyers and customers purchasing from licensed suppliers

Authorizes SCC to require anonymized data sets for third-party replication of load forecast results and identification of potentially duplicative load data, with confidentiality protections for consumer-specific information