HB 69 Renewable energy portfolio standard program; required participation of electric utility.
David L. Englin | all patrons    ...    notes
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Summary as introduced:
Renewable energy portfolio standard.  Requires each investor-owned electric utility and distribution cooperative to participate in a renewable energy portfolio standard program commencing with calendar year 2013. Under the program, each utility is required to generate renewable energy or to purchase renewable energy certificates, or both, in amounts that start in 2013 at three percent of the total electric energy sold in the base year of 2007 and that increase to 20 percent of such amount in 2020 and thereafter. Failure to meet the required percentages will result in the assessment of alternative compliance payments, which are to be paid into the newly created Virginia Sustainable Energy Fund. The measure provides that an investor-owned electric utility that was authorized to receive a performance incentive as a consequence of its participation in the renewable portfolio standard program as it existed prior to the effective date of this act shall continue to receive the incentive until the utility's next biennial rate review proceeding.

Full text:
12/19/11  House: Prefiled and ordered printed; offered 01/11/12 12101150D  pdf | impact statement

Status:
12/19/11  House: Prefiled and ordered printed; offered 01/11/12 12101150D
12/19/11  House: Referred to Committee on Commerce and Labor
01/17/12  House: Assigned C & L sub: Special Subcommittee on Energy
01/26/12  House: Subcommittee recommends passing by indefinitely by voice vote
02/14/12  House: Left in Commerce and Labor (0-Y 0-N)