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

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

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

Description

Regional Greenhouse Gas Initiative; preexisting contracts. Establishes a reserve account for the purchase of Regional Greenhouse 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 »

Outcome

Bill Has Failed

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101370D
01/11/2022Referred to Committee on Agriculture, Conservation and Natural Resources
02/01/2022Reported from Agriculture, Conservation and Natural Resources (8-Y 7-N) (see vote tally)
02/01/2022Rereferred to Finance and Appropriations
02/03/2022Impact statement from DPB (SB398)
02/08/2022Passed by indefinitely in Finance and Appropriations (11-Y 5-N) (see vote tally)

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