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2013 SESSION

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SB 1259 Electric utilities; renewable energy portfolio standard program, eligible energy.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Renewable energy portfolio standard program; eligible energy. Provides that renewable energy that is purchased by a participating utility under an agreement executed on or after July 1, 2013, will count toward meeting the RPS Goals of the renewable energy portfolio standard program only if the agreement expressly transfer ownership of renewable attributes, in addition to ownership of the energy, to the participating utility. The bill also provides that renewable energy generated by the utility will be counted toward meeting the RPS Goals if it is from a facility in which the public utility owns at least a 49 percent interest that is located in the Commonwealth, in the interconnection region of the regional transmission entity of which the utility is a member, or in a control area adjacent to such interconnection region. Renewable energy represented by renewable energy certificates will continue to be eligible to be counted toward meeting the RPS Goals. This bill is identical to HB 2180.

SUMMARY AS INTRODUCED:

Renewable energy portfolio standard program; eligible energy. Requires that, in order to be counted toward meeting the RPS Goals of the renewable energy portfolio standard program, renewable energy that is purchased by a participating utility be acquired under an agreement that transfers both ownership of the energy generated and the ownership of its renewable attributes. The measure also continues to allow renewable energy generated by a Virginia public utility to be counted toward meeting the RPS Goals when it is from a facility in which the public utility owns at least a 49 percent interest, but adds the condition that the facility be located in the Commonwealth, in the interconnection region of the regional transmission entity of which the participating utility is a member, or in a control area adjacent to such interconnection region. Renewable energy represented by renewable energy certificates will continue to be eligible to be counted toward meeting the RPS Goals.