State renewable energy utility; joint subcommittee to study feasibility of establishing. (HJ114)

Introduced By

Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

Study; state renewable energy utility; report.  Establishes a joint subcommittee to study the feasibility of establishing a state renewable energy utility. The joint subcommittee is directed to examine the report of Delaware's Sustainable Energy Task Force, examine the feasibility of authorizing a state renewable energy utility to issue tax-exempt bonds to fund renewable energy improvements at state buildings, and determine what lessons can be learned from Delaware's experience in establishing and operating its sustainable energy utility. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2012Committee
01/11/2012Prefiled and ordered printed; offered 01/11/12 12102721D
01/11/2012Referred to Committee on Rules
01/20/2012Assigned Rules sub: Studies
02/02/2012Subcommittee recommends laying on the table
02/14/2012Left in Rules

Comments

William Fleming writes:

In order to provide incentive, there should be a separate utility at arms length from Dominion Power and Appalachian. Dominion and Appalachian should be required to buy energy at a competitive rate, perhaps the cost of energy from nuclear plants or a bit lower.

An alternative idea to bonds would be to issue shares of stock to Virginian citizens at $100 per share. Ten shares each x 8 million voters= $8 Billion in start up funding. Virginians would be for increased renewables because it would help improve stock prices!