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2014 SESSION
SB 498 Electric utility regulation; renewable energy portfolio standard program.
Introduced by: A. Donald McEachin | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Renewable energy portfolio standard program. Limits the ability of an electric utility participating in the renewable energy portfolio standard (RPS) program to bank renewable energy sales or renewable energy certificates (RECs) that are in excess of the yearly sales requirement for that RPS Goal. The measure provides that the utility may use such excess sales or RECs to achieve the RPS Goals only in the subsequent five calendar years after the renewable energy was generated or the certificates were created. An electric utility may continue to apply RECs that it acquired prior to January 1, 2014. This bill is identical to HB 822.
FULL TEXT
- 01/08/14 Senate: Prefiled and ordered printed; offered 01/08/14 14101772D pdf
- 01/27/14 Senate: Committee substitute printed 14104428D-S1 pdf | impact statement
- 03/05/14 Senate: Bill text as passed Senate and House (SB498ER) pdf | impact statement
- 03/31/14 Governor: Acts of Assembly Chapter text (CHAP0465) pdf
HISTORY
- 01/08/14 Senate: Prefiled and ordered printed; offered 01/08/14 14101772D
- 01/08/14 Senate: Referred to Committee on Commerce and Labor
- 01/27/14 Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
- 01/27/14 Senate: Committee substitute printed 14104428D-S1
- 01/29/14 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/30/14 Senate: Read second time
- 01/30/14 Senate: Reading of substitute waived
- 01/30/14 Senate: Committee substitute agreed to 14104428D-S1
- 01/30/14 Senate: Engrossed by Senate - committee substitute SB498S1
- 01/31/14 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/07/14 House: Placed on Calendar
- 02/07/14 House: Read first time
- 02/07/14 House: Referred to Committee on Commerce and Labor
- 02/25/14 House: Reported from Commerce and Labor (21-Y 0-N)
- 02/27/14 House: Read second time
- 02/28/14 House: Read third time
- 02/28/14 House: Passed House (95-Y 2-N 1-A)
- 02/28/14 House: VOTE: PASSAGE (95-Y 2-N 1-A)
- 02/28/14 House: Reconsideration of House passage agreed to by House
- 02/28/14 House: Passed House (88-Y 9-N)
- 02/28/14 House: VOTE: PASSAGE #2 (88-Y 9-N)
- 03/05/14 Senate: Enrolled
- 03/05/14 Senate: Bill text as passed Senate and House (SB498ER)
- 03/05/14 House: Signed by Speaker
- 03/08/14 Senate: Signed by President
- 03/31/14 Governor: Approved by Governor-Chapter 465 (effective 7/1/14)
- 03/31/14 Governor: Acts of Assembly Chapter text (CHAP0465)