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2019 SESSION
19101763DBe it enacted by the General Assembly of Virginia:
1. That the fifteenth enactment of Chapter 296 of the Acts of Assembly of 2018 is amended and reenacted as follows:
15. That each Phase I Utility and Phase
II Utility, as such terms are defined in subdivision A 1 of § 56-585.1 of the
Code of Virginia, shall develop a proposed program of energy conservation
measures. Any program shall provide for the submission of a petition or
petitions for approval to design, implement, and operate energy efficiency programs
pursuant to subdivision A 5 c of § 56-585.1 of the Code of Virginia. At least
five percent of such energy efficiency programs shall benefit low-income,
elderly, and disabled individuals. The projected costs for the utility to
design, implement, and operate such energy efficiency programs, including a
margin to be recovered on operating expenses, shall be no less than an
aggregate amount of $140 million for a Phase I Utility and $870 million for a
Phase II Utility for the period beginning July 1, 2018, and ending July 1,
2028, including any existing approved energy efficiency programs. In developing
such portfolio of energy efficiency programs, each utility shall utilize a
stakeholder process, to be facilitated by an independent monitor compensated
under the funding provided pursuant to subdivision E of § 56-592.1 of the Code
of Virginia, to provide input and feedback on the development of such energy
efficiency programs. Such stakeholder process shall include representatives
from each utility, the State Corporation Commission, the office of Consumer
Counsel of the Attorney General, the Department of Mines, Minerals and Energy,
energy efficiency program implementers, energy efficiency providers,
residential and small business customers, and any other interested stakeholder
who the independent monitor deems appropriate for inclusion in such process. The independent monitor shall
convene meetings of the participants in the
stakeholder process not less frequently than once in each calendar
quarter commencing July 1, 2019, through July 1, 2028. The utility independent monitor shall report on the status of the energy efficiency program, including stakeholder process, including the goals and
metrics identified by the stakeholder group to improve the design, implementation,
and operation of energy efficiency programs, and the progress
toward such improvements, in addition to the petitions filed by each Phase
I Utility and Phase II Utility with the State Corporation
Commission and the determination
thereon, to the Governor, the State Corporation
Commission, and the Chairmen of the
House and Senate Commerce and Labor Committees on July 1, 2019, and annually
thereafter through July 1, 2028.
2. That an emergency exists and this act is in force from its passage.