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2017 SESSION
17104559DBe 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. The Department of Mines, Minerals and Energy, in
consultation with the staff of the Commission, shall submit, as part of the
annual report required under § 67-202.1 of the Code of Virginia, an assessment
of 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, and submit the report to the Governor's Executive Committee
on Energy Efficiency and to the Governor and General Assembly as required by §
67-202.1 of the Code of Virginia.