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2012 SESSION

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HB 590 Renewable energy facilities; eligibility for incentives.

Introduced by: Donald W. Merricks | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Renewable energy facilities; eligibility for incentives.  Establishes a requirement that electricity generated from renewable sources be generated from a facility located in the Commonwealth, or a facility off the Commonwealth's coastline if it is an offshore wind facility, in order to qualify as renewable energy for purposes of the renewable energy portfolio standard program. The measure also makes renewable powered generation facilities located outside of the Commonwealth, except offshore wind facilities located in waters off the Commonwealth's shoreline, ineligible for certain cost recovery and enhanced rate of return incentives in the Virginia Electric Utility Regulation Act.


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