Energy Efficiency and Conservation Fund; established. (HB2176)

Introduced By

Del. Ken Plum (D-Reston)

Progress

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

Description

Electric energy efficiency standards. 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, in 2025 by 19 percent compared to the consumption level currently projected for such year. Between 2010 and 2025, utilities are required to meet interim benchmarks established by the State Corporation Commission (SCC), which may be amended due to such factors as economic growth, the addition of load to serve plug-in vehicles, or regulatory, economic, or technological reasons beyond the utility's control. If a utility fails to comply with a benchmark, it is required to pay an alternate compliance payment in an amount not to exceed 3 cents per kilowatt hour consumed in excess of the benchmark amount. A utility's energy efficiency and conservation programs shall be reported in its integrated resource plans. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/14/2009Committee
01/14/2009Prefiled and ordered printed; offered 01/14/09 090112802
01/14/2009Referred to Committee on Commerce and Labor
01/26/2009Assigned C & L sub: 3 Energy
01/30/2009Impact statement from SCC (HB2176)
02/04/2009Subcommittee recommends reporting with amendment(s)
02/05/2009Incorporated by Commerce and Labor (HB2506-Pollard)

Duplicate Bills

The following bills are identical to this one: SB1248.