Renewable energy portfolio standard program; mandatory program for investor-owned utilities. (SB450)
Introduced By
Sen. Mary Margaret Whipple (D-Arlington) with support from co-patron Sen. Chap Petersen (D-Fairfax)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Mandatory renewable energy portfolio standard program. Provides for a mandatory renewable energy portfolio standard program. Under current law, the renewable energy portfolio standard program is a voluntary program to which investor-owned utilities apply to receive certain incentives. The bill creates a mandatory RPS program that retains the existing RPS goals and positive incentives and authorizes the SCC to charge a noncompliance fee to utilities that do not meet the RPS goals. The bill also creates the Virginia Sustainable Energy Fund into which utilities that fail to meet the program goals pay noncompliance fees. Read the Bill »
Status
02/08/2010: Failed to Pass in Committee
History
Date | Action |
---|---|
01/13/2010 | Prefiled and ordered printed; offered 01/13/10 10100352D |
01/13/2010 | Referred to Committee on Commerce and Labor |
01/21/2010 | Impact statement from SCC (SB450) |
02/08/2010 | Passed by indefinitely in Commerce and Labor (8-Y 6-N 1-A) (see vote tally) |