Renewable energy portfolio standard program; eliminates Performance Incentive provision. (HB1017)

Introduced By

Del. Charles Poindexter (R-Glade Hill)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Renewable energy portfolio standard program.  Eliminates the Performance Incentive provision in the renewable energy portfolio standard program that entitles any investor-owned electric utility to a 50 basis point increase in its authorized combined rate of return on common equity if it meets the program's RPS Goals. The measure retains provisions that allow a utility to recover its costs associated with meeting the RPS Goals, but provides that a utility that exceeds the RPS Goals shall not recover the incremental costs associated with exceeding the RPS Goals unless it demonstrates that the decision to exceed the RPS Goals was reasonable and prudent. Read the Bill »


Bill Has Failed


01/11/2012Prefiled and ordered printed; offered 01/11/12 12101428D
01/11/2012Referred to Committee on Commerce and Labor
01/17/2012Assigned C & L sub: Special Subcommittee on Energy
01/19/2012Impact statement from SCC (HB1017)
01/26/2012Subcommittee recommends passing by indefinitely (13-Y 0-N)
01/26/2012Subcommittee recommends passing by indefinitely
02/14/2012Left in Commerce and Labor (0-Y 0-N) (see vote tally)