Electric utilities; mandatory renewable portfolio standard. (HB436)

Introduced By

Del. Rip Sullivan (D-Arlington)

Progress

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

Description

Electric utilities; mandatory renewable portfolio standard. Replaces the existing voluntary renewable portfolio standard program with a mandatory renewable portfolio standard program that requires each investor-owned electric utility to generate or purchase, from facilities in the Commonwealth, increasing percentages of electric power that is generated from qualifying renewable sources. The required percentages start at a minimum of 20 percent of the total electric energy sold in 2019. Thereafter the required percentages increase in steps until 2026 and thereafter, in which years at least 80 percent of the total electric energy sold is required to be generated from qualifying renewable sources. A utility that fails to comply with a RPS standard established for a year is required to pay a compliance fee of 10 cents for each kilowatt-hour by which it failed to meet the standard. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/06/2018Committee
01/06/2018Prefiled and ordered printed; offered 01/10/18 18103599D
01/06/2018Referred to Committee on Commerce and Labor
01/11/2018Impact statement from SCC (HB436)
01/23/2018Assigned C & L sub: Subcommittee #3
01/30/2018Subcommittee recommends passing by indefinitely (6-Y 4-N)
02/13/2018Left in Commerce and Labor