Virginia House Bill 1987 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2013 - 25% progression, died in chamber
Action: 2013-01-22 - Stricken from docket by Commerce and Labor by voice vote
Text: Latest bill text (Prefiled) [HTML]

Renewable energy portfolio standard program. Eliminates the Performance Incentive provision in the renewable energy portfolio standard program that entitles any investor-owned electric utility to a 50 basis point increase in its authorized combined rate of return on common equity if it meets the program's RPS Goals. The measure retains provisions that allow a utility to recover its costs associated with meeting the RPS Goals, but provides that a utility that exceeds the RPS Goals shall not recover the incremental costs associated with exceeding the RPS Goals unless it demonstrates that the decision to exceed the RPS Goals was reasonable and prudent.

Renewable energy portfolio standard program; eliminates Performance Incentive provision.

Del. Charles Poindexter [R]

Date	Chamber	Action
2013-01-22	House	Stricken from docket by Commerce and Labor by voice vote
2013-01-09	House	Referred to Committee on Commerce and Labor
2013-01-09	House	Prefiled and ordered printed; offered 01/09/13 13102525D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?131+sum+HB1987
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1987+hil