SB 413 Renewable energy portfolio standard program; credits for investments.
Thomas K. Norment, Jr. | all patrons    ...    notes
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Summary as passed: (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. The measure also provides that a utility shall receive double credit toward meeting the program's goals for energy from facilities in the Commonwealth fueled primarily by animal waste.

Full text:
01/11/12  Senate: Prefiled and ordered printed; offered 01/11/12 12101998D  pdf | impact statement
02/02/12  Senate: Printed as engrossed 12101998D-E  pdf | impact statement
03/08/12  Senate: Bill text as passed Senate and House (SB413ER)  pdf | impact statement
04/09/12  Governor: Acts of Assembly Chapter text (CHAP0717)  pdf

Amendments:
House amendments
House amendments engrossed
Senate amendments
Conference amendments

Status:
01/11/12  Senate: Prefiled and ordered printed; offered 01/11/12 12101998D
01/11/12  Senate: Referred to Committee on Commerce and Labor
01/30/12  Senate: Reported from Commerce and Labor with amendments (15-Y 1-N)
02/01/12  Senate: Constitutional reading dispensed (39-Y 0-N)
02/02/12  Senate: Read second time
02/02/12  Senate: Reading of amendments waived
02/02/12  Senate: Committee amendments agreed to
02/02/12  Senate: Engrossed by Senate as amended SB413E
02/02/12  Senate: Printed as engrossed 12101998D-E
02/03/12  Senate: Passed by for the day
02/06/12  Senate: Read third time and passed Senate (31-Y 9-N)
02/06/12  Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
02/06/12  Senate: Passed Senate (26-Y 14-N)
02/13/12  House: Placed on Calendar
02/13/12  House: Read first time
02/13/12  House: Referred to Committee on Commerce and Labor
02/16/12  House: Reported from Commerce and Labor (18-Y 4-N)
02/20/12  House: Read second time
02/21/12  House: Passed by for the day
02/22/12  House: Read third time
02/22/12  House: Amendment by Delegate Surovell agreed to (51-Y 45-N 2-A)
02/22/12  House: VOTE: ADOPTION (51-Y 45-N 2-A)
02/22/12  House: Passed by for the day
02/23/12  House: Read third time
02/23/12  House: Engrossed by House as amended
02/23/12  House: Passed House with amendment (80-Y 19-N 1-A)
02/23/12  House: VOTE: PASSAGE (80-Y 19-N 1-A)
02/27/12  Senate: House amendment rejected by Senate (4-Y 36-N)
02/28/12  House: House insisted on amendment
02/28/12  House: House requested conference committee
03/01/12  Senate: Senate acceded to request (39-Y 1-N)
03/01/12  Senate: Conferees appointed by Senate
03/01/12  Senate: Senators: Norment, Stuart, Herring
03/05/12  House: Conferees appointed by House
03/05/12  House: Delegates: Miller, Kilgore, Lewis
03/06/12  Senate: Passed by temporarily
03/06/12  Senate: Conference report agreed to by Senate (21-Y 19-N)
03/06/12  House: Conference report agreed to by House (79-Y 19-N 2-A)
03/06/12  House: VOTE: ADOPTION (79-Y 19-N 2-A)
03/08/12  Senate: Enrolled
03/08/12  Senate: Bill text as passed Senate and House (SB413ER)
03/08/12  House: Signed by Speaker
03/09/12  Senate: Signed by President
04/09/12  Governor: Approved by Governor-Chapter 717 (effective 7/1/12)
04/09/12  Governor: Acts of Assembly Chapter text (CHAP0717)