Regional Greenhouse Gas Initiative (RGGI); preexisting contracts. (SB398)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Regional Greenhouse Gas Initiative; preexisting contracts. Establishes a reserve account for the purchase of Regional Green House Gas Initiative (RGGI) allowances by an entity that has a preexisting contractual arrangement related to a power purchase entered into on or before May 16, 2017, and continuing in effect on July 1, 2020, through December 31, 2025. Such entity is authorized under the bill to purchase RGGI credits at a discounted rate, subject to conditions set forth in the bill, if, because of the preexisting contractual arrangement, the entity is unable to pass through or recover its RGGI costs. Read the Bill »


01/11/2022: Awaiting a Vote in the Agriculture, Conservation and Natural Resources Committee


01/11/2022Prefiled and ordered printed; offered 01/12/22 22101370D
01/11/2022Referred to Committee on Agriculture, Conservation and Natural Resources

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