This Report is filed as required by Enactment Clause 4 of Chapter 488 of the 2022 Va. Acts of Assembly ("HB 894"). In furtherance of economic development in the Commonwealth, HB 894 directed the State Corporation Commission ("Commission") to develop a program ("Program") to encourage and expedite infrastructure investments by a Phase I or Phase II Utility in certain industrial cites designated by the Virginia Economic Development Partnership ("VEDP"). As set forth in that legislation, the Staff of the Commission ("Commission Staff" or "Staff") considered best practices in key competitor states and convened several meetings with various interested stakeholders to develop the Program, the results of which are summarized below.

Effective December 1, 2022, the Program implemented by the Commission streamlines the process for applicants to seek Commission approval of transmission investments at industrial sites designated by VEDP. Specifically, pursuant to guidelines supplemental to the "Guidelines for Transmission Line Applications Filed Under Title 56 of the Code of Virginia" ("Supplemental Guidelines"), the amount of information and time necessary for an applicant to prepare and for the Staff to review such applications will be reduced. In addition, the Commission will review the HB 894 eligible project applications on an expedited basis, as practical under the circumstances.