Renewable energy portfolio standard program; credits for investments. (SB413)

Introduced By

Sen. Tommy Norment (R-Williamsburg) with support from co-patron Sen. Steve Newman (R-Forest)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Renewable energy portfolio standard program; credits for investments.  Allows any investor-owned electric utility that participates in the renewable energy portfolio standard program to meet up to 20 percent of an RPS Goal through certificates evidencing the utility's expenses in conducting research and development activities related to renewable or alternative energy sources. To qualify, such expenses shall either (i) be designed to enhance the participating utility's understanding of emerging energy technologies and their potential impact on and value to the utility's system and customers within the Commonwealth; (ii) promote economic development within the Commonwealth; (iii) supplement customer-driven alternative energy or energy efficiency initiatives; (iv) supplement alternative energy and energy efficiency initiatives at state or local governmental facilities in the Commonwealth; or (v) be designed to mitigate the environmental impacts of renewable energy projects. The State Corporation Commission shall issue certificates to utilities making qualified investments based on the prices for renewable energy certificates in the interconnection region of the regional transmission entity of which the utility is a member. Qualified investments are stated to be reasonable and prudent operating expenses of a participating utility. A participating utility is not authorized to recover the costs associated with qualified investments through rate adjustment clauses and is not authorized to earn a return on its qualified investments. Read the Bill »


Bill Has Passed


01/11/2012Prefiled and ordered printed; offered 01/11/12
01/11/2012Prefiled and ordered printed; offered 01/11/12 12101998D
01/11/2012Referred to Committee on Commerce and Labor
01/19/2012Impact statement from SCC (SB413)
01/30/2012Reported from Commerce and Labor with amendments (15-Y 1-N) (see vote tally)
02/01/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/02/2012Read second time
02/02/2012Reading of amendments waived
02/02/2012Committee amendments agreed to
02/02/2012Engrossed by Senate as amended SB413E
02/02/2012Printed as engrossed 12101998D-E
02/03/2012Passed by for the day
02/06/2012Read third time and passed Senate (31-Y 9-N) (see vote tally)
02/06/2012Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/06/2012Passed Senate (26-Y 14-N) (see vote tally)
02/06/2012Impact statement from SCC (SB413E)
02/13/2012Placed on Calendar
02/13/2012Read first time
02/13/2012Referred to Committee on Commerce and Labor
02/16/2012Reported from Commerce and Labor (18-Y 4-N) (see vote tally)
02/20/2012Read second time
02/21/2012Passed by for the day
02/22/2012Read third time
02/22/2012Amendment by Delegate Surovell agreed to (51-Y 45-N 2-A)
02/22/2012VOTE: ADOPTION (51-Y 45-N 2-A) (see vote tally)
02/22/2012Passed by for the day
02/23/2012Engrossed by House as amended SB413
02/23/2012Read third time
02/23/2012Engrossed by House as amended
02/23/2012Passed House with amendment (80-Y 19-N 1-A)
02/23/2012VOTE: PASSAGE (80-Y 19-N 1-A) (see vote tally)
02/27/2012House amendment rejected by Senate (4-Y 36-N) (see vote tally)
02/28/2012House insisted on amendment
02/28/2012House requested conference committee
03/01/2012Senate acceded to request (39-Y 1-N) (see vote tally)
03/01/2012Conferees appointed by Senate
03/01/2012Senators: Norment, Stuart, Herring
03/05/2012Conferees appointed by House
03/05/2012Delegates: Miller, Kilgore, Lewis
03/06/2012Passed by temporarily
03/06/2012Conference report agreed to by Senate (21-Y 19-N) (see vote tally)
03/06/2012Conference report agreed to by House (79-Y 19-N 2-A)
03/06/2012VOTE: ADOPTION (79-Y 19-N 2-A) (see vote tally)
03/08/2012Bill text as passed Senate and House (SB413ER)
03/08/2012Signed by Speaker
03/09/2012Signed by President
03/14/2012Impact statement from SCC (SB413ER)
04/09/2012G Approved by Governor-Chapter 717 (effective 7/1/12)
04/09/2012G Acts of Assembly Chapter text (CHAP0717)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 5 clips in all, totaling 13 minutes.

Duplicate Bills

The following bills are identical to this one: HB1102.


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