VA HB110 | 2020 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Introduced on December 13 2019 - 25% progression, died in committee
Action: 2020-02-11 - Left in Labor and Commerce
Pending: House Labor and Commerce Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Regional Greenhouse Gas Initiative; trading allowance reserve account; facilities with long-term contracts. Provides that if the Commonwealth becomes a participant in the Regional Greenhouse Gas Initiative or another carbon dioxide cap and trade program with an open auction of allowances, the Department of Environmental Quality shall establish an allowance reserve account for any electric generation facility that operates according to a long-term contract that was executed prior to May 16, 2017, and prohibits the recovery of allowance costs. The bill provides that such a facility shall be allocated free allowances from the reserve account sufficient to cover its annual compliance obligation for the duration of the long-term contract.

Tracking Information

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Title

Regional Greenhouse Gas Initiative; trading allowance reserve account, etc.

Sponsors


History

DateChamberAction
2020-02-11HouseLeft in Labor and Commerce
2020-01-28HouseAssigned L & C sub: Subcommittee #3
2020-01-22HouseReferred to Committee on Labor and Commerce
2020-01-22HouseReferred from Agriculture, Chesapeake and Natural Resources by voice vote
2020-01-14HouseAssigned ACNR sub: Chesapeake
2019-12-13HouseReferred to Committee on Agriculture, Chesapeake and Natural Resources
2019-12-13HousePrefiled and ordered printed; offered 01/08/20 20101945D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1011322.5(n/a)See Bill Text

Virginia State Sources


Bill Comments

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