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2011 SESSION

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SB 1392 Electric generation facilities; incentives for construction of using coalbed methane gas.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Electric utility ratemaking incentives; coalbed methane gas. Authorizes investor-owned electric utilities to earn an enhanced rate of return, equal to 150 basis points above the authorized rate of return, on their investments in generation facilities that are fired at least 50 percent by coalbed methane gas produced from Virginia wells. HB 2237 is identical.

SUMMARY AS INTRODUCED:

Renewable energy portfolio standard program; coalbed methane gas.  Allows electricity generated from the combustion of coalbed methane gas to be counted by an investor-owned electric utility in meeting the goals of the renewable energy portfolio standard program. In conjunction with this change, references to "renewable energy" in the context of eligible sources of the generation of electricity are revised to refer to "renewable or alternative" energy.