Virginia House Bill 2353 (Prior Session Legislation)

---

February 8 2011 - House: Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Introduced) [HTML]

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. A portion of the renewable energy used to meet the percentage goals is required to be from distributed generation. Renewable energy generated in-state, or from a community-based project, is eligible for additional credit toward meeting the RPS Goals. Failure to meet the required percentages will result in the assessment of alternative compliance payments, which payments 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.

Renewable energy portfolio standard program; investor-owned electric utility, etc., to participate.

Del Joseph D. Morrissey

Date	Chamber	Action
2011-02-08		House: Left in Commerce and Labor
2011-01-25		House: Subcommittee recommends laying on the table by voice vote
2011-01-18		House: Assigned C & L sub: #3 Special Subcommittee on Energy
2011-01-12		House: Referred to Committee on Commerce and Labor
2011-01-12		House: Prefiled and ordered printed; offered 01/12/11 11102761D

Type	Source
Summary	http://leg1.state.va.us/cgi-bin/legp504.exe?111+sum+HB2353
Text	http://leg1.state.va.us/cgi-bin/legp504.exe?111+ful+HB2353+hil