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2010 SESSION

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SB 450 Renewable energy portfolio standard program; mandatory program for investor-owned utilities.

Introduced by: Mary Margaret Whipple | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Mandatory renewable energy portfolio standard program.  Provides for a mandatory renewable energy portfolio standard program. Under current law, the renewable energy portfolio standard program is a voluntary program to which investor-owned utilities apply to receive certain incentives. The bill creates a mandatory RPS program that retains the existing RPS goals and positive incentives and authorizes the SCC to charge a noncompliance fee to utilities that do not meet the RPS goals. The bill also creates the Virginia Sustainable Energy Fund into which utilities that fail to meet the program goals pay noncompliance fees.

FULL TEXT

• 01/13/10  Senate: Prefiled and ordered printed; offered 01/13/10 10100352D  pdf | impact statement

HISTORY

• 01/13/10  Senate: Prefiled and ordered printed; offered 01/13/10 10100352D
• 01/13/10  Senate: Referred to Committee on Commerce and Labor
• 02/08/10  Senate: Passed by indefinitely in Commerce and Labor (8-Y 6-N 1-A)