Investor-owned electric utilities; establishment of protocols for energy efficiency programs. (HB1053)

Introduced By

Del. Terry Kilgore (R-Gate City)

Progress

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

Description

Investor-owned electric utilities; energy efficiency performance incentive. Authorizes investor-owned electric utilities to recover, as part of the cost recovery permitted for energy efficiency programs, a performance incentive. The amount of the performance incentive for a program varies based on the levelized cost of saved energy achieved by the utility. If the levelized cost of saved energy for the program is six cents per kilowatt hour or less, the performance incentive is an additional one percent of the actual costs for the utility to design, implement, and operate the program, excluding the margin that is recovered on operating expenses. The amount of the performance incentive increases as the levelized cost of saved energy for the program decreases, with the maximum incentive being an additional four percent of the actual costs for the program if the utility achieves a levelized cost of saved energy at or below three cents per kilowatt hour. The levelized cost of saved energy is calculated through a formula in which the product obtained by multiplying total program costs by a capital recovery factor is divided by the annual kilowatt hours saved in year three of the program. This performance incentive replaces a provision that authorized the State Corporation Commission (SCC) to allow an electric utility to recover revenue reductions related to energy efficiency programs to the extent that the SCC determines such revenue has not been recovered through margins from incremental off-system sales that are directly attributable to energy efficiency programs. The measure directs the Department of Mines, Minerals and Energy, in collaboration with the State Corporation Commission and utilizing a stakeholder process, to develop a standardized, independent protocol determined to measure, verify, and validate energy savings. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2016Committee
01/13/2016Prefiled and ordered printed; offered 01/13/16 16103885D
01/13/2016Referred to Committee on Commerce and Labor
01/19/2016Assigned to sub: Special Subcommittee on Energy
01/19/2016Assigned C & L sub: Special Subcommittee on Energy
01/26/2016Impact statement from DPB (HB1053)
02/09/2016Subcommittee recommends reporting with amendment(s) (12-Y 0-N)
02/11/2016Reported from Commerce and Labor with substitute (11-Y 9-N) (see vote tally)
02/11/2016Committee substitute printed 16105453D-H1
02/13/2016Read first time
02/15/2016Read second time
02/15/2016Committee substitute agreed to 16105453D-H1
02/15/2016Engrossed by House - committee substitute HB1053H1
02/16/2016Read third time and passed House (82-Y 15-N 2-A)
02/16/2016VOTE: PASSAGE (82-Y 15-N 2-A) (see vote tally)
02/17/2016Constitutional reading dispensed
02/17/2016Referred to Committee on Commerce and Labor
02/24/2016Impact statement from DPB (HB1053H1)
02/29/2016Reported from Commerce and Labor with amendment (12-Y 2-N) (see vote tally)
03/02/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/03/2016Read third time
03/03/2016Reading of amendment waived
03/03/2016Committee amendment agreed to
03/03/2016Engrossed by Senate as amended
03/03/2016Passed Senate with amendment (40-Y 0-N) (see vote tally)
03/04/2016Placed on Calendar
03/07/2016Senate amendment agreed to by House (84-Y 9-N 2-A)
03/07/2016VOTE: ADOPTION (84-Y 9-N 2-A) (see vote tally)
03/08/2016Enrolled
03/08/2016Bill text as passed House and Senate (HB1053ER)
03/08/2016Impact statement from DPB (HB1053ER)
03/08/2016Signed by Speaker
03/10/2016Signed by President
03/11/2016G Governor's Action Deadline Midnight, Monday, April 11, 2016
03/11/2016Enrolled Bill communicated to Governor on 3/11/16
03/11/2016G Governor's Action Deadline Midnight, Sunday, April 10, 2016
03/29/2016G Approved by Governor-Chapter 517 (effective 7/1/16)
03/29/2016G Acts of Assembly Chapter text (CHAP0517)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 4 minutes.

Transcript

This is a transcript of the video clips in which this bill is discussed.

SHALL THE BILL PASS?

Del. Bill Howell (R-Fredericksburg): THE CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 82, NOS 15. AYES 82, NOS 15, THE BILL IS PASSED.
INCLUDE THE IDENTITY OF THE SPECIFIC INDIVIDUALS. President: THE QUESTION IS SHALL HOUSE BILL 1016 PASS ALL IN FAVOR OF THE MOTION WILL RECORD THEIR VOTE AYE; THOSE OPPOSED, NO. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY OF THE SENATORS DESIRE TO CHANGE THEIR VOTE?

Del. Bill Howell (R-Fredericksburg): PRESIDENT: THE CLERK WILL CLOSE THE ROLL.

[Unknown]: Clerk: AYES 40, NOS S. President: THE BILL PASSES. Clerk: HOUSE BILL 1053, A BILL TO DIRECT THE STATE CORPORATION COMMISSION TO EVALUATE THE ESTABLISHMENT OF PROTOCOLS FOR ENERGY EFFICIENCY PROGRAMS IMPLEMENTED BY 75 OWNED ELECTRIC UTILITIES REPORT. REPORTED FROM THE COMMITTEE ON COMMERCE AND LABOR WITH AMENDMENTS. President: THE NEAR SENATOR FROM VIRGINIA BEACH, SENATOR WAGNER. I MOVE THAT WE ADOPT THE CAN I AMENDMENT. President: ALL ALL IN FAVOR OF THE MOTION WILL RECORD THEIR VOTE AYE; THOSE OPPOSED, NO. THE AMENDMENT IS AGREED TO. I MOVE HOUSE BILL 1053 PASS AND SPEAKING TO THE MOTION. President: THE SENATOR HAS THE FLOOR. MR. PRESIDENT, LADIES AND GENTLEMEN OF THE SENATE, HOUSE BILL 1053 ESTABLISHES PROTOCOLS FOR VARIOUS ENERGY EFFICIENCY PROGRAMS THAT WE'VE IMPLEMENTED THROUGHOUT THE YEARS. WE REALLY HAVE GOTTEN NO FEEDBACK ON THOSE PROGRAMS AS TO THE EFFECTIVENESS OF THE PROGRAMS VIS-A-VIS THE COST OF THE PROGRAM SO THIS BILL ASKING THE COMMISSION TO LOOK AT THAT, DEVELOP PROTOCOLS, DEVELOP MEASURING, ALONG WITH THE DEPARTMENT OF MINES, MINERAL AND ENERGY, AND REPORT BACK BY THE FIRST OF DECEMBER OF THIS YEAR. President: THE QUESTION IS, SHALL HOUSE BILL 1053 PASS? ALL IN FAVOR OF THE MOTION WILL RECORD THEIR VOTE AYE; THOSE ARE THE SENATORS READY TO VOTE? OPPOSED, NO.


Del. Todd Gilbert (R-Woodstock): THE COST OF ENERGY. I HOPE IT BE THE PLEASURE OF THE HOUSE TO ADOPT THE SENATE AMENDMENT.

[Unknown]: SHALL THE SENATE AMENDMENT BE AGREED TO? SORRY. MR. TOSCANO. THANK YOU, MR. SPEAKER, WILL THE GENTLEMAN YIELD FOR A QUESTION? I YIELD. CAN THE GENTLEMAN EXPLAIN WHAT THE HECK OF LEVELIZED COST OF STATE ENERGY MEANS? THAT IS WHY WE'RE ASKING TO STUDY IT. IT IS A HARD, IT IS SOMETHING HARD TO WRAP YOUR HANDS AROUND. AND THERE WAS, IF YOU LOOK AT THE ORIGINAL BILL, IT HAD A CONVOW LUTED FORMULA IN IT. WE ASKED TO TRY TO COME UP WITH A FORMULA TO HELP US WITH THAT AND THIS IS WHAT WE CAME UP WITH. I THANK AND I TRUST THE GENTLEMAN.

Del. Bill Howell (R-Fredericksburg): SHALL THE SENATE AMENDMENT BE AGREED TO? CLERK WILL CLOSE THE ROLL.

[Unknown]: AYE, 85, EXCUSE ME, AYE, 84, NO. THE SENATE AMENDMENT IS AGREED NINE. TO. HOUSE BILL 1087, A BILL TO AMEND AND REENACT TWO SECTION OF THE CODE OF VIRGINIA RELATING TO VIOLATION OF PROTECTIVE ORDER, OR OTHER DEADLY WEAPON, PENALTY.