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2011 SESSION

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HB 1912 Commonwealth Energy Policy; SCC to consider effect of proposed facility on economic development.

Introduced by: Jackson H. Miller | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Electric utility ratemaking procedures; recognition of Commonwealth Energy Policy. Directs the State Corporation Commission (SCC), when required to approve the construction of an electric utility facility, to consider the economic and job creation objectives of the Commonwealth Energy Policy. The SCC is also directed, when determining the reasonableness or prudence of a utility's use of renewable energy resources, to consider the extent to which the use of such resources furthers the objectives of the Commonwealth Energy Policy and whether the cost of such resources is likely to result in unreasonable increases in rates paid by consumers.

SUMMARY AS PASSED HOUSE:

Electric utility ratemaking procedures; recognition of Commonwealth Energy Policy. Directs the State Corporation Commission (SCC), when required to approve the construction of an electric utility facility, to consider the economic and job creation objectives of the Commonwealth Energy Policy. The SCC is also directed, when determining the reasonableness or prudence of a utility's use of renewable energy resources, to consider the extent to which the use of such resources furthers the objectives of the Commonwealth Energy Policy.

SUMMARY AS INTRODUCED:

Electric utility ratemaking procedures; recognition of Commonwealth Energy Policy.  Directs the State Corporation Commission to include in its rules and regulations implementing the procedure by which the rates of investor-owned electric utilities are set a procedure and methodology to recognize energy objectives and elements of the Commonwealth Energy Policy.