HB 1102 Renewable energy portfolio standard program; credits for investments.
Jackson H. Miller | all patrons    ...    notes
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Summary as passed House: (all summaries)

Renewable energy portfolio standard program; credits for investments.  Allows any investor-owned electric utility that participates in the renewable energy portfolio standard program to meet up to 20 percent of an RPS Goal through certificates evidencing the utility's expenses in conducting research and development activities in Virginia related to renewable or alternative energy sources. To qualify, such expenses shall either (i) be designed to enhance the participating utility's understanding of emerging energy technologies and their potential impact on and value to the utility's system and customers within the Commonwealth; (ii) promote economic development within the Commonwealth; (iii) supplement customer-driven alternative energy or energy efficiency initiatives; (iv) supplement alternative energy and energy efficiency initiatives at state or local governmental facilities in the Commonwealth; or (v) be designed to mitigate the environmental impacts of renewable energy projects. The State Corporation Commission shall issue certificates to utilities making qualified investments based on the prices for renewable energy certificates in the interconnection region of the regional transmission entity of which the utility is a member. Qualified investments are stated to be reasonable and prudent operating expenses of a participating utility. A participating utility is not authorized to recover the costs associated with qualified investments through rate adjustment clauses and is not authorized to earn a return on its qualified investments. A participating utility is not eligible for a research and development tax credit for qualified investments made under this measure. 

Full text:
01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12101999D  pdf | impact statement
01/25/12  House: Printed as engrossed 12101999D-E  pdf | impact statement
02/24/12  House: Bill text as passed House and Senate (HB1102ER)  pdf | impact statement
03/20/12  Governor: Acts of Assembly Chapter text (CHAP0274)  pdf

Amendments:
House amendments
Senate amendments
Senate amendments engrossed

Status:
01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12101999D
01/11/12  House: Referred to Committee on Commerce and Labor
01/19/12  House: Reported from Commerce and Labor (22-Y 0-N)
01/23/12  House: Read first time
01/24/12  House: Passed by for the day
01/25/12  House: Read second time
01/25/12  House: Amendments by Delegate Miller, J.H. agreed to
01/25/12  House: Engrossed by House as amended HB1102E
01/25/12  House: Printed as engrossed 12101999D-E
01/26/12  House: Read third time and passed House (88-Y 10-N 1-A)
01/26/12  House: VOTE: PASSAGE (88-Y 10-N 1-A)
01/27/12  Senate: Constitutional reading dispensed
01/27/12  Senate: Referred to Committee on Commerce and Labor
02/13/12  Senate: Reported from Commerce and Labor with amendments (14-Y 2-N)
02/14/12  Senate: Constitutional reading dispensed (40-Y 0-N)
02/15/12  Senate: Read third time
02/15/12  Senate: Reading of amendments waived
02/15/12  Senate: Committee amendments agreed to
02/15/12  Senate: Engrossed by Senate as amended
02/15/12  Senate: Passed Senate with amendments (28-Y 12-N)
02/16/12  House: Placed on Calendar
02/17/12  House: Senate amendments rejected by House (2-Y 95-N 1-A)
02/17/12  House: VOTE: REJECTED (2-Y 95-N 1-A)
02/21/12  Senate: Senate receded from amendments (37-Y 2-N)
02/24/12  House: Enrolled
02/24/12  House: Bill text as passed House and Senate (HB1102ER)
02/24/12  House: Signed by Speaker
02/27/12  Senate: Signed by President
03/20/12  Governor: Approved by Governor-Chapter 274 (effective 7/1/12)
03/20/12  Governor: Acts of Assembly Chapter text (CHAP0274)