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2023 SESSION

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HB 1480 Va. Clean Economy Act; non-bypassable charges, energy-intensive trade-exposed (EITE) industries.

Introduced by: R. Lee Ware | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Clean Economy Act; non-bypassable charges; energy-intensive trade-exposed (EITE) industries; report. Directs the State Corporation Commission to establish an EITE customer exemption pilot program for non-bypassable charges in certain provisions of the Virginia Clean Economy Act related to generation of electricity from renewable and zero-carbon sources and development of offshore wind capacity. The bill defines EITE industries as companies that are constrained in their ability to pass through carbon costs due to international competition, companies that engage in importation of products that cause emission leakage, and critical infrastructure facilities identified by certain federal agencies. The bill requires the EITE Pilot Program to commence no later than January 1, 2024, and to have an initial aggregate customer load of 150 to 200 megawatts based on each participating customer's load during the previous calendar year. The State Corporation Commission shall also submit a report to the Governor, the House Committee on Commerce and Energy, and the Senate Committee on Commerce and Labor on the status of the EITE Pilot Program by March 31, 2025. The EITE Pilot Program terminates on January 1, 2028.


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