VA HB945

Directs the Virginia Department of Energy to study geothermal electric generating resources and geothermal heating and cooling systems, evaluating the approximate electric generation capacity available in the Commonwealth

Requires the Department to submit findings and recommendations to the State Corporation Commission by July 1, 2027, with authority to hire an independent consultant for the evaluation

Mandates the State Corporation Commission initiate a proceeding by September 30, 2027 to establish geothermal energy requirements for high energy users

Defines "high energy user" as a retail electric service customer with consistent demand of 100 megawatts, though the Commission may adjust this threshold as appropriate to manage electric demand

Requires the Commission to consider public feedback, subject matter experts, and stakeholder input when determining standardized geothermal capacity requirements