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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 [ through greater energy independence ] ;
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.).