Electric utilities; energy efficiency programs. (SB1662)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

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

Description

Electric utilities; energy efficiency programs. Provides that any determination by the State Corporation Commission that an energy efficiency program is not in the public interest shall include with its final order the work product and analysis of all tests conducted by the staff of the Commission in making that determination. The measure provides that any utility petitioning the Commission for approval of one or more rate adjustment clauses for energy efficiency programs shall include a proposed budget for the design, implementation, and operation of the energy efficiency programs, which shall be approved only if the Commission finds that the proposed budget is reasonable and prudent. The measure provides that if the Commission reduces the proposed budget for a program, its final order shall include an analysis of the impact such budget reduction has upon the cost-effectiveness of the program. The bill requires that any rate adjustment clause approved for an energy efficiency program remain in effect until (i) the approved energy efficiency program is no longer cost-effective or (ii) the utility exhausts the approved budget for the energy efficiency program. Amends § 56-576, § 56-585.1, of the Code of Virginia. Read the Bill »

Status

01/10/2019: Awaiting a Vote in the Commerce and Labor Committee

History

DateAction
01/10/2019Presented and ordered printed 19104133D
01/10/2019Referred to Committee on Commerce and Labor
01/15/2019Impact statement from SCC (SB1662)

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