Electric utility regulation; renewable energy portfolio standard program. (SB498)

Introduced By

Sen. Don McEachin (D-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Renewable energy portfolio standard program. Amends the existing renewable energy portfolio standard program to require that for calendar years 2016 through 2025 a utility shall apply (i) renewable energy generated from renewable energy generation facilities owned by the utility, (ii) renewable thermal energy, (iii) certificates issued by the State Corporation Commission and held or acquired by a participating utility that validate a qualified investment made by the participating utility, (iv) renewable energy sales achieved or renewable energy certificates acquired prior to January 1, 2014, or (v) renewable energy sales or renewable energy certificates from electric energy derived from any combination of sunlight, onshore wind, offshore wind, wave motion, tides, or geothermal power generated or purchased in the interconnection region of the regional transmission entity of which the participating utility is a member. A utility shall be able to apply renewable energy from run-of-river generation obtained via power purchase agreements entered into prior to January 1, 2014. A utility shall receive double credit toward meeting the renewable energy portfolio standard for energy derived from onshore wind obtained via power purchase agreements entered into prior to January 1, 2014. Read the Bill »


Bill Has Passed


01/08/2014Prefiled and ordered printed; offered 01/08/14 14101772D
01/08/2014Referred to Committee on Commerce and Labor
01/27/2014Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally)
01/27/2014Committee substitute printed 14104428D-S1
01/29/2014Constitutional reading dispensed (40-Y 0-N)
01/30/2014Read second time
01/30/2014Reading of substitute waived
01/30/2014Committee substitute agreed to 14104428D-S1
01/30/2014Engrossed by Senate - committee substitute SB498S1
01/31/2014Impact statement from SCC (SB498S1)
01/31/2014Read third time and passed Senate (40-Y 0-N)
02/07/2014Placed on Calendar
02/07/2014Read first time
02/07/2014Referred to Committee on Commerce and Labor
02/25/2014Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
02/27/2014Read second time
02/28/2014Read third time
02/28/2014Passed House (95-Y 2-N 1-A)
02/28/2014VOTE: PASSAGE (95-Y 2-N 1-A) (see vote tally)
02/28/2014Reconsideration of House passage agreed to by House
02/28/2014Passed House (88-Y 9-N)
02/28/2014VOTE: PASSAGE #2 (88-Y 9-N) (see vote tally)
03/05/2014Bill text as passed Senate and House (SB498ER)
03/05/2014Signed by Speaker
03/06/2014Impact statement from SCC (SB498ER)
03/08/2014Signed by President
03/31/2014G Approved by Governor-Chapter 465 (effective 7/1/14)
03/31/2014G Acts of Assembly Chapter text (CHAP0465)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 1 minute.