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2009 SESSION

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HB 2506 Energy efficiency programs; investor-owned electric utilities to recover costs of designing, etc.

Introduced by: Albert C. Pollard, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION:

Energy efficiency programs.  Authorizes investor-owned electric utilities to recover, through a rate adjustment clause, the costs of designing, implementing, and operating energy efficiency programs, including a general rate of return on operating expenses, if such programs are found to be in the public interest. The utility may earn a general rate of return on energy efficiency programs. The State Corporation Commission may allow for the recovery of reductions in revenue related to energy efficiency programs, to the extent the revenue is not recovered through off-system sales. The costs of new energy efficiency programs shall not be assigned to certain large customers. In proceedings regarding such programs, the Commission shall take into consideration the goals of economic development, energy efficiency, and environmental protection. HB 2176 is incorporated.

SUMMARY AS PASSED HOUSE:

Energy efficiency programs.  Authorizes investor-owned electric utilities to recover, through a rate adjustment clause, the costs of designing and operating energy efficiency programs that have the effect of producing measured and verified reductions in the amount of electricity required. The utility may earn a general rate of return on energy efficiency programs. The State Corporation Commission may allow for the recovery of reductions in revenue related to energy efficiency programs, to the extent the revenue is not recovered through off-system sales. The costs of new energy efficiency programs shall not be assigned to any large general service customer that has implemented energy efficiency measures. HB 2176 is incorporated.

SUMMARY AS INTRODUCED:

Energy efficiency programs.  Authorizes investor-owned electric utilities to recover, through a rate adjustment clause, the costs of designing and operating energy efficiency programs that have the effect of decreasing the total amount of energy used over time and of delaying the need for construction of new generation facilities.  The utility may earn the same enhanced rate of return on energy efficiency programs that is currently provided for renewable powered generation facilities, as well as net lost revenues for the program's full service life.