SEARCH SITE

Search FAQs

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2018 SESSION

  • | print version

HB 436 Electric utilities; mandatory renewable portfolio standard.

Introduced by: Richard C. "Rip" Sullivan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electric utilities; mandatory renewable portfolio standard. Replaces the existing voluntary renewable portfolio standard program with a mandatory renewable portfolio standard program that requires each investor-owned electric utility to generate or purchase, from facilities in the Commonwealth, increasing percentages of electric power that is generated from qualifying renewable sources. The required percentages start at a minimum of 20 percent of the total electric energy sold in 2019. Thereafter the required percentages increase in steps until 2026 and thereafter, in which years at least 80 percent of the total electric energy sold is required to be generated from qualifying renewable sources. A utility that fails to comply with a RPS standard established for a year is required to pay a compliance fee of 10 cents for each kilowatt-hour by which it failed to meet the standard.


FULL TEXT

HISTORY