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2012 SESSION
12103932DBe it enacted by the General Assembly of Virginia:
1. That § 67-101 of the Code of Virginia is amended and reenacted as follows:
§ 67-101. Energy objectives.
The Commonwealth recognizes each of the following objectives pertaining to energy issues will advance the health, welfare, and safety of the residents of the Commonwealth:
1. Ensuring an adequate and sustainable energy supply and a Virginia-based energy production capacity;
2. Minimizing energy cost volatility and the Commonwealth's long-term exposure to volatility and increases in world energy prices;
3. Ensuring the availability of reliable energy at costs that are reasonable and in quantities that will support the Commonwealth's economy;
2 4. Managing the rate of
consumption of existing energy resources in relation to economic growth;
3 5. Establishing sufficient
supply and delivery infrastructure to maintain reliable energy availability in
the event of a disruption occurring to a portion of the Commonwealth's energy
matrix;
4 6. Using energy resources more
efficiently;
5 7. Facilitating conservation;
6 8. Optimizing intrastate and
interstate use of energy supply and delivery to maximize energy availability,
reliability, and price opportunities to the benefit of all user classes and the
Commonwealth's economy as stated in subdivision 2 of § 67-100;
7 9. Increasing Virginia's
reliance on sources of energy that, compared to traditional energy resources,
are less polluting of the Commonwealth's air and waters;
8 10. Researching the efficacy,
cost, and benefits of reducing, avoiding, or sequestering the emissions of
greenhouse gases produced in connection with the generation of energy;
9 11. Removing impediments to
the use of abundant low-cost energy resources located within and outside the
Commonwealth and ensuring the economic viability of the producers, especially
those in the Commonwealth, of such resources;
10 12. Developing energy
resources and facilities in a manner that does not impose a disproportionate
adverse impact on economically disadvantaged or minority communities;
11 13. Recognizing the need to
foster those economically developable alternative sources of energy that can be
provided at market prices as vital components of a diversified portfolio of
energy resources; and
12 14. Increasing Virginia's
reliance on and production of sustainably produced biofuels made from
traditional agricultural crops and other feedstocks, such as winter cover
crops, warm season grasses, fast-growing trees, algae or other suitable
feedstocks grown in the Commonwealth that will create jobs and income, produce
clean-burning fuels that will help to improve air quality, and provide the new
markets for Virginia's silvicultural and agricultural products needed to
preserve farm employment, conserve farmland and forestland, and increase
implementation of silvicultural and agricultural best management practices to
protect water quality.
Except as provided in subsection D of § 56-585.1, nothing in this section shall be deemed to abrogate or modify in any way the provisions of the Virginia Electric Utility Regulation Act (§ 56-576 et seq.).