HB 2333

This bill directs the Virginia State Corporation Commission (SCC) to establish a pilot program for small modular nuclear reactors (defined as advanced nuclear reactors with up to 400 megawatts capacity per reactor) with the goal of having the first reactor operational by the end of 2032. The program limits participation to four reactor sites in Virginia plus two out-of-state sites that would serve Virginia customers, with eligible applicants being entities that already hold licenses to operate existing nuclear facilities from the U.S. Nuclear Regulatory Commission. Priority locations for these reactors include Virginia's coalfield region, existing or former coal power plant sites, and existing nuclear facilities, with the Commission directed to liberally grant applications that advance the program's goals of providing carbon-free electricity and promoting economic development in the Commonwealth.