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2006 SESSION
SB 278 Renewable Energy Portfolio Standards; created.
Introduced by: Mary Margaret Whipple | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Renewable portfolio standard. Requires 20% of the electric energy sold by a supplier to retail customers in Virginia to be generated from renewable energy sources by the 2015/2016 reporting year. The requirement is phased in over a 10-year period. A supplier shall be excused from the requirements to the extent that renewable energy resources are not reasonably available in sufficient quantities in the marketplace for the suppliers to meet them. A supplier complies with the requirement by self-generating the renewable energy or purchasing sufficient renewable energy credits. The credits evidence the generation of the energy from renewable sources. A distributor's costs of compliance with these requirements will be recoverable though fuel factor adjustments.
FULL TEXT
HISTORY
- 01/10/06 Senate: Prefiled and ordered printed; offered 01/11/06 067044844
- 01/10/06 Senate: Referred to Committee on Commerce and Labor
- 02/13/06 Senate: Continued to 2007 in Commerce and Labor (15-Y 0-N)