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

DateAction
01/13/2010Prefiled and ordered printed; offered 01/13/10 10100352D
01/13/2010Referred to Committee on Commerce and Labor
01/21/2010Impact statement from SCC (SB450)
02/08/2010Passed by indefinitely in Commerce and Labor (8-Y 6-N 1-A) (see vote tally)