Chief Patron

Sen. Mary Margaret Whipple (D-Arlington)

Mary Margaret Whipple (D-Arlington)
Served: 1996–

Status

Bill is Dead
View Entire History

Summary

Renewable energy and energy efficiency program requirements.  Requires that by the period June 1, 2020, through May 31, 2021, and in subsequent years, 12% of the electric energy sold by each supplier to retail customers in the Commonwealth be generated from renewable generation energy sources, and that each supplier achieve reductions in the consumption of electric energy by its retail customers, through the supplier's implementation of energy efficiency programs, in an amount equal to 5% of the amount of electric energy consumed by its retail customers in 2006. The requirements are phased in over a period commencing June 1, 2008. The 12% requirement for renewable generation energy sources is comprised of three categories of renewable energy sources, each of which has separate percentage requirements. Generators of renewable energy receive renewable energy credits for power generated through eligible renewable sources or conserved through energy efficiency programs. Suppliers who do not comply with the minimum percentage requirements are required to make alternative compliance payments into a new Virginia Sustainable Energy, Energy Efficiency, and Energy Conservation Fund. Distributors are authorized to recover incremental costs of compliance incurred during the capped rate period under the procedure for recovery of the costs of purchased power. Electric cooperatives and municipal electric utilities are exempted from the measure.