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Electric utilities; renewable portfolio standard program; deficiency payments. Removes provisions requiring deficiency payments by certain electric utilities if such utilities are unable to meet the compliance obligation of the renewable portfolio standard (RPS) program requirements or if the cost of renewable energy certificates necessary to comply with RPS program requirements exceeds $45 per megawatt hour.
Introduced
Jan 5, 2025
Last Action
Jan 13, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Passed by indefinitely in Commerce and Labor (8-Y 6-N 1-A)
Prefiled and ordered printed; Offered 01-08-2025 25101599D
Referred to Committee on Commerce and Labor
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Passed by indefinitely in Commerce and Labor (8-Y 6-N 1-A)
William M. Stanley, Jr.