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2019 SESSION

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HB 2295 Energy Efficiency Fund, Board, and Program; established, report.

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

SUMMARY AS INTRODUCED:

Energy Efficiency Fund, Board, and Program. Establishes the Energy Efficiency Fund (the Fund) with such funds as shall be appropriated and such other funds as it receives. Moneys in the Fund are to be used to finance cost-effective energy efficiency projects. The measure establishes the Energy Efficiency Board (the Board) to identify such projects and authorize the chairman to spend moneys in the Fund. The Board is directed to identify and provide funding for cost-effective energy efficiency projects that (i) give priority to funding cost-effective energy efficiency projects that will benefit low-income Virginians or assist multifamily projects and (ii) do not replace existing demand side management programs and other energy efficiency initiatives conducted by a public utility. The measure requires the Board to contract with an organization to implement any of the cost effective energy efficiency projects financed through the Fund.


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