SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2012 SESSION
SB 413 Renewable energy portfolio standard program; credits for investments.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Renewable energy portfolio standard program; credits for investments. Allows any investor-owned electric utility that participates in the renewable energy portfolio standard program to meet up to 20 percent of an RPS Goal through certificates evidencing the utility's expenses in conducting research and development activities in Virginia related to renewable or alternative energy sources. To qualify, such expenses shall either (i) be designed to enhance the participating utility's understanding of emerging energy technologies and their potential impact on and value to the utility's system and customers within the Commonwealth; (ii) promote economic development within the Commonwealth; (iii) supplement customer-driven alternative energy or energy efficiency initiatives; (iv) supplement alternative energy and energy efficiency initiatives at state or local governmental facilities in the Commonwealth; or (v) be designed to mitigate the environmental impacts of renewable energy projects. The State Corporation Commission shall issue certificates to utilities making qualified investments based on the prices for renewable energy certificates in the interconnection region of the regional transmission entity of which the utility is a member. Qualified investments are stated to be reasonable and prudent operating expenses of a participating utility. A participating utility is not authorized to recover the costs associated with qualified investments through rate adjustment clauses and is not authorized to earn a return on its qualified investments. A participating utility is not eligible for a research and development tax credit for qualified investments made under this measure. The measure also provides that a utility shall receive double credit toward meeting the program's goals for energy from facilities in the Commonwealth fueled primarily by animal waste.
FULL TEXT
- 01/11/12 Senate: Prefiled and ordered printed; offered 01/11/12 12101998D pdf | impact statement
- 02/02/12 Senate: Printed as engrossed 12101998D-E pdf | impact statement
- 03/08/12 Senate: Bill text as passed Senate and House (SB413ER) pdf | impact statement
- 04/09/12 Governor: Acts of Assembly Chapter text (CHAP0717) pdf
AMENDMENTS
HISTORY
- 01/11/12 Senate: Prefiled and ordered printed; offered 01/11/12 12101998D
- 01/11/12 Senate: Referred to Committee on Commerce and Labor
- 01/30/12 Senate: Reported from Commerce and Labor with amendments (15-Y 1-N)
- 02/01/12 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/02/12 Senate: Read second time
- 02/02/12 Senate: Reading of amendments waived
- 02/02/12 Senate: Committee amendments agreed to
- 02/02/12 Senate: Engrossed by Senate as amended SB413E
- 02/02/12 Senate: Printed as engrossed 12101998D-E
- 02/03/12 Senate: Passed by for the day
- 02/06/12 Senate: Read third time and passed Senate (31-Y 9-N)
- 02/06/12 Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
- 02/06/12 Senate: Passed Senate (26-Y 14-N)
- 02/13/12 House: Placed on Calendar
- 02/13/12 House: Read first time
- 02/13/12 House: Referred to Committee on Commerce and Labor
- 02/16/12 House: Reported from Commerce and Labor (18-Y 4-N)
- 02/20/12 House: Read second time
- 02/21/12 House: Passed by for the day
- 02/22/12 House: Read third time
- 02/22/12 House: Amendment by Delegate Surovell agreed to (51-Y 45-N 2-A)
- 02/22/12 House: VOTE: ADOPTION (51-Y 45-N 2-A)
- 02/22/12 House: Passed by for the day
- 02/23/12 House: Read third time
- 02/23/12 House: Engrossed by House as amended
- 02/23/12 House: Passed House with amendment (80-Y 19-N 1-A)
- 02/23/12 House: VOTE: PASSAGE (80-Y 19-N 1-A)
- 02/27/12 Senate: House amendment rejected by Senate (4-Y 36-N)
- 02/28/12 House: House insisted on amendment
- 02/28/12 House: House requested conference committee
- 03/01/12 Senate: Senate acceded to request (39-Y 1-N)
- 03/01/12 Senate: Conferees appointed by Senate
- 03/01/12 Senate: Senators: Norment, Stuart, Herring
- 03/05/12 House: Conferees appointed by House
- 03/05/12 House: Delegates: Miller, Kilgore, Lewis
- 03/06/12 Senate: Passed by temporarily
- 03/06/12 Senate: Conference report agreed to by Senate (21-Y 19-N)
- 03/06/12 House: Conference report agreed to by House (79-Y 19-N 2-A)
- 03/06/12 House: VOTE: ADOPTION (79-Y 19-N 2-A)
- 03/08/12 Senate: Enrolled
- 03/08/12 Senate: Bill text as passed Senate and House (SB413ER)
- 03/08/12 House: Signed by Speaker
- 03/09/12 Senate: Signed by President
- 04/09/12 Governor: Approved by Governor-Chapter 717 (effective 7/1/12)
- 04/09/12 Governor: Acts of Assembly Chapter text (CHAP0717)