Electric energy efficiency standard; established. (HB327)

Introduced By

Del. Ken Plum (D-Reston)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Electric energy efficiency standard. Establishes an energy efficiency standard under which investor-owned electric utilities are required to reduce the consumption by their retail customers in the Commonwealth, through implementation of energy efficiency and conservation programs, by 2026 by 19 percent less than the consumption level currently projected for such year. Between 2011 and 2026, utilities are required to meet interim benchmarks established by the State Corporation Commission. The measure authorizes investor-owned electric utilities to earn the same enhanced rate of return on costs of energy efficiency programs that is currently provided for renewable powered generation facilities to recover the costs of designing and operating energy efficiency programs. A utility's energy efficiency programs shall be reported in its integrated resource plans. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2010Prefiled and ordered printed; offered 01/13/10 10101384D
01/11/2010Referred to Committee on Commerce and Labor
01/19/2010Impact statement from SCC (HB327)
01/29/2010Assigned C & L sub: #3 Special Subcommittee on Energy
02/09/2010Subcommittee recommends continuing to 2011 (12-Y 0-N)
02/11/2010Continued to 2011 in Commerce and Labor