Renewable energy portfolio standard program; investor-owned electric utility, etc., to participate. (HB2353)

Introduced By

Sen. Joe Morrissey (D-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Renewable energy portfolio standard.  Requires each investor-owned electric utility and distribution cooperative to participate in a renewable energy portfolio standard program commencing with calendar year 2013. Under the program, each utility is required to generate renewable energy or to purchase renewable energy certificates, or both, in amounts that start in 2013 at three percent of the total electric energy sold in the base year of 2007 and that increase to 20 percent of such amount in 2020 and thereafter. A portion of the renewable energy used to meet the percentage goals is required to be from distributed generation. Renewable energy generated in-state, or from a community-based project, is eligible for additional credit toward meeting the RPS Goals. Failure to meet the required percentages will result in the assessment of alternative compliance payments, which payments are to be paid into the newly created Virginia Sustainable Energy Fund. The measure provides that an investor-owned electric utility that was authorized to receive a performance incentive as a consequence of its participation in the renewable portfolio standard program as it existed prior to the effective date of this act shall continue to receive the incentive until the utility's next biennial rate review proceeding. Read the Bill »


Bill Has Failed


01/12/2011Prefiled and ordered printed; offered 01/12/11 11102761D
01/12/2011Referred to Committee on Commerce and Labor
01/18/2011Assigned C & L sub: #3 Special Subcommittee on Energy
01/24/2011Impact statement from SCC (HB2353)
01/25/2011Subcommittee recommends laying on the table (11-Y 1-N)
01/25/2011Subcommittee recommends laying on the table
02/08/2011Left in Commerce and Labor