Renewable energy portfolio standard program; credits for investments. (SB413)

Introduced By

Sen. Tommy Norment (R-Williamsburg) with support from co-patron Sen. Steve Newman (R-Forest)

Progress

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

Description

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 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. Amends § 56-585.2, of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed

History

  • 01/11/2012 Prefiled and ordered printed; offered 01/11/12
  • 01/11/2012 Prefiled and ordered printed; offered 01/11/12 12101998D
  • 01/11/2012 Referred to Committee on Commerce and Labor
  • 01/19/2012 Impact statement from SCC (SB413)
  • 01/30/2012 Reported from Commerce and Labor with amendments (15-Y 1-N) (see vote tally)
  • 02/01/2012 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
  • 02/02/2012 Read second time
  • 02/02/2012 Reading of amendments waived
  • 02/02/2012 Committee amendments agreed to
  • 02/02/2012 Engrossed by Senate as amended SB413E
  • 02/02/2012 Printed as engrossed 12101998D-E
  • 02/03/2012 Passed by for the day
  • 02/06/2012 Read third time and passed Senate (31-Y 9-N) (see vote tally)
  • 02/06/2012 Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
  • 02/06/2012 Passed Senate (26-Y 14-N) (see vote tally)
  • 02/06/2012 Impact statement from SCC (SB413E)
  • 02/13/2012 Placed on Calendar
  • 02/13/2012 Read first time
  • 02/13/2012 Referred to Committee on Commerce and Labor
  • 02/16/2012 Reported from Commerce and Labor (18-Y 4-N) (see vote tally)
  • 02/20/2012 Read second time
  • 02/21/2012 Passed by for the day
  • 02/22/2012 Read third time
  • 02/22/2012 Amendment by Delegate Surovell agreed to (51-Y 45-N 2-A)
  • 02/22/2012 VOTE: ADOPTION (51-Y 45-N 2-A) (see vote tally)
  • 02/22/2012 Passed by for the day
  • 02/23/2012 Engrossed by House as amended SB413
  • 02/23/2012 Read third time
  • 02/23/2012 Engrossed by House as amended
  • 02/23/2012 Passed House with amendment (80-Y 19-N 1-A)
  • 02/23/2012 VOTE: PASSAGE (80-Y 19-N 1-A) (see vote tally)
  • 02/27/2012 House amendment rejected by Senate (4-Y 36-N) (see vote tally)
  • 02/28/2012 House insisted on amendment
  • 02/28/2012 House requested conference committee
  • 03/01/2012 Senate acceded to request (39-Y 1-N) (see vote tally)
  • 03/01/2012 Conferees appointed by Senate
  • 03/01/2012 Senators: Norment, Stuart, Herring
  • 03/05/2012 Conferees appointed by House
  • 03/05/2012 Delegates: Miller, Kilgore, Lewis
  • 03/06/2012 Passed by temporarily
  • 03/06/2012 Conference report agreed to by Senate (21-Y 19-N) (see vote tally)
  • 03/06/2012 Conference report agreed to by House (79-Y 19-N 2-A)
  • 03/06/2012 VOTE: ADOPTION (79-Y 19-N 2-A) (see vote tally)
  • 03/08/2012 Enrolled
  • 03/08/2012 Bill text as passed Senate and House (SB413ER)
  • 03/08/2012 Signed by Speaker
  • 03/09/2012 Signed by President
  • 03/14/2012 Impact statement from SCC (SB413ER)
  • 04/09/2012 G Approved by Governor-Chapter 717 (effective 7/1/12)
  • 04/09/2012 G Acts of Assembly Chapter text (CHAP0717)

Duplicate Bills

The following bills are identical duplicates of this one: HB1102.

Comments

ron skinner writes:

find out what it means?

Posted 16 months ago.
Keith Stoneberger writes:

Here is a start:

http://pagecountyblog.com/fibrowatt-here-is-some-info/

http://pagecountyblog.com/fibrowatt-is-not-going-to-go-away/

http://pagecountyblog.com/fibrowatt-is-still-looking-in-the-valley/

Posted 16 months ago.