Electric utility regulation; renewable energy portfolio standard program, etc. (SB580)

Introduced By

Sen. John Edwards (D-Roanoke)

Progress

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

Description

Renewable energy portfolio standard program; renewable energy certificate registration and tracking system. Requires the State Corporation Commission to establish a system for registering and tracking renewable energy certificates in order to facilitate the creation and transfer of such certificates. To the extent practicable, the system shall be consistent with and operate in conjunction with the system developed by PJM Interconnection LLC. The system shall include a registry of information regarding available renewable energy certificates and renewable energy certificate transactions. The measure establishes limits on the duration of a renewable energy certificate. The Commission is also directed to establish requirements for documentation and verification of renewable energy certificates by licensed energy suppliers and renewable energy generators, including net energy metering program participants. The measure eliminates provisions for double or triple credit toward meeting the renewable energy portfolio standard for energy derived from specific renewable energy sources, except that a utility will receive double credit toward meeting the standard for energy derived from onshore wind obtained via power purchase agreements entered into prior to January 1, 2013. Amends § 56-585.2, of the Code of Virginia. Read the Bill »

Status

02/03/2014: Failed to Pass in Committee

History

DateAction
01/10/2014Presented and ordered printed 14103257D
01/10/2014Referred to Committee on Commerce and Labor
02/03/2014Passed by indefinitely in Commerce and Labor with letter (16-Y 0-N) (see vote tally)