Regional Greenhouse Gas Initiative; trading allowance reserve account, etc. (HB110)

Introduced By

Del. Lee Ware (R-Powhatan) with support from co-patron Del. Wendy Gooditis (D-Clarke)

Progress

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

Description

Regional Greenhouse Gas Initiative; trading allowance reserve account; facilities with long-term contracts. Provides that if the Commonwealth becomes a participant in the Regional Greenhouse Gas Initiative or another carbon dioxide cap and trade program with an open auction of allowances, the Department of Environmental Quality shall establish an allowance reserve account for any electric generation facility that operates according to a long-term contract that was executed prior to May 16, 2017, and prohibits the recovery of allowance costs. The bill provides that such a facility shall be allocated free allowances from the reserve account sufficient to cover its annual compliance obligation for the duration of the long-term contract. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/13/2019Committee
12/13/2019Prefiled and ordered printed; offered 01/08/20 20101945D
12/13/2019Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/14/2020Assigned ACNR sub: Chesapeake
01/22/2020Referred from Agriculture, Chesapeake and Natural Resources
01/22/2020Referred to Committee on Labor and Commerce
01/28/2020Assigned L & C sub: Subcommittee #3
02/11/2020Left in Labor and Commerce

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)