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2014 SESSION

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HB 1224 Natural gas-fueled electric generation facilities; approval of construction of certain facilities.

Introduced by: Israel D. O'Quinn | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Natural gas-fueled electric generation facilities; incentives. Requires an investor-owned utility designated a default service provider in the Commonwealth whose parent corporation is not headquartered in Virginia (qualified utility) to consider the generation or purchase of power in its service territory within the Commonwealth before acquiring power from plants outside the Commonwealth. The measure also authorizes a qualified utility to petition the State Corporation Commission for approval to construct or cause to be constructed a combined cycle natural gas-fueled electric generation facility to meet its native load and default service obligations, which shall (i) be located in the Virginia service territory of a qualified utility, (ii) not emit more than 1,000 pounds of carbon dioxide per megawatt-hour, (iii) be able to provide firm transmission and deliver power on a firm and on-demand basis, and (iv) provide substantial economic benefits. The qualified utility or owner of the qualified facility shall have a filed queue position in PJM Interconnection LLC for the power from the qualified facility, have made application for an air permit for the qualified facility with the Department of Environmental Quality, and have received local permits for construction and operation of the qualified facility. The construction of a qualified facility that utilizes energy resources located within the Commonwealth is declared to be in the public interest.


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