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2017 SESSION
17101033DBe it enacted by the General Assembly of Virginia:
1. That the third enactment of Chapter 888 and the third enactment of Chapter 933 of the Acts of Assembly of 2007 are amended and reenacted as follows:
3. That it is in the public interest, and is consistent
with the energy policy goals in § 67-102 of the Code of Virginia, to promote
cost-effective conservation of energy through fair and effective demand side
management, conservation, energy efficiency, and load management programs,
including consumer education. These programs may include activities by electric
utilities, public or private organizations, or both electric utilities and
public or private organizations. The Commonwealth shall have a stated goal of
reducing the consumption of electric energy by retail customers through the
implementation of such programs by the year 2022 by an amount equal to ten 10
percent of the amount of electric energy consumed by retail customers in 2006.
The State Corporation Commission (the
Commission) shall conduct a
proceeding to (i) determine whether the ten 10 percent electric energy
consumption reduction goal can be achieved cost-effectively through the
operation of such programs, and, if not, determine the
appropriate goal for the year 2022 relative to the
base year of 2006,; (ii) identify the mix of
programs that should be implemented in the Commonwealth to cost-effectively achieve
the defined electric energy consumption reduction goal by 2022, including but
not limited to demand side management, conservation, energy efficiency, load
management, real-time pricing, and consumer education,; (iii) develop a plan for the
development and implementation of recommended programs, with incentives and
alternative means of compliance to achieve such goals,; (iv) determine the entity or
entities that could most efficiently deploy and administer various elements of
the plan,;
and (v) estimate the cost of attaining the energy consumption reduction goal.
The Commission shall, on or before December 15, 2007, submit its findings and
recommendations to the Governor and General Assembly, which shall include
recommendations for any additional legislation necessary to implement the plan
to meet the energy consumption reduction goal. In developing a plan to meet the
goal, the Commission may consider providing for a public benefit fund and shall
consider the fair and reasonable allocation by customer class of the
incremental costs of meeting the goal that are recovered in accordance with
subdivision A 5 b of § 56-585.1 of the Code of Virginia. By December 15, 2018, and
annually thereafter, the Department
of Mines, Minerals and Energy, in consultation
with the staff of the Commission, shall submit a
report to the Governor's Executive Committee on Energy Efficiency
and the General Assembly, or, should
that Committee cease operations, to the Governor and General Assembly, that
assesses the progress
the Commonwealth is making toward meeting the goal of reducing the
consumption of electric energy by retail customers by the year
2022 by an amount equal to 10
percent of the amount of electric energy consumed by retail customers in 2006 through the
implementation of demand side management, conservation, energy efficiency, and
load management programs, including consumer education.