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Renewable energy portfolio standard program; geothermal heating and cooling systems; report. For purposes of the renewable energy portfolio standard program, requires Dominion Energy Virginia and American Electric Power to procure and retire certain percentages of renewable energy certificates from geothermal heating and cooling systems, as defined in the bill, beginning with the 2026 or 2027 compliance year and thereafter. The bill amends the method by which renewable energy certificates from geothermal heating and cooling systems are calculated and directs the Commission on Electric Utility Regulation to prepare and deliver a report evaluating the procurement and retirement of renewable energy certificates from geothermal heating and cooling systems in the Commonwealth on or before November 1, 2027. The bill also directs the Real Estate Appraiser Board to promulgate regulations requiring the development of a continuing education curriculum and required training for all licensees that includes how to properly determine the increase in value of real estate created by reductions in building energy costs associated with solar, geothermal, and solar water heating investments.
Introduced
Jan 4, 2025
Last Action
Apr 2, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Senate sustained Governor's veto
Passed by for the day
Vetoed by Governor
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill Communicated to Governor on March 11, 2025
Signed by President
Bill text as passed Senate and House (SB893ER)
Signed by Speaker
Enrolled
House substitute agreed to by Senate (20-Y 19-N)
Passed by temporarily
Labor and Commerce Substitute agreed to
Passed House with substitute (50-Y 46-N)
Reconsideration of Passed by for the day
Passed by for the day
Reconsideration of House passage agreed to by House
Defeated by House ( 44-Y 53-N )
Engrossed by House - committee substitute
Read third time
Read second time
Committee substitute printed 25107222D-H1
Reported from Labor and Commerce with substitute (12-Y 10-N)
Assigned L & C sub: Subcommittee #3
Subcommittee recommends reporting with substitute (6-Y 4-N)
Referred to Committee on Labor and Commerce
Read first time
Placed on Calendar
Rules suspended
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
Passed Senate (21-Y 19-N)
Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
Engrossed by Senate - committee substitute
Commerce and Labor Substitute agreed to
Reading of substitute waived
Read second time
Reported from Commerce and Labor with substitute (9-Y 6-N)
Committee substitute printed 25104765D-S1
Fiscal Impact Statement from State Corporation Commission (SB893)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; Offered 01-08-2025 25104360D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Senate sustained Governor's veto
Scott A. Surovell