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Virginia RPS/REC Bill Update
Substitute Bill Passes House
HB369 – Electric utilities; renewable portfolio standard program, zero-carbon electricity, etc.
Summary As Passed By House
Revises the conditions under which accelerated clean energy buyers, defined in existing law as accelerated renewable energy buyers, may contract with Appalachian Power or Dominion Energy Virginia to obtain renewable energy certificates (RECs). The bill exempts an accelerated clean energy buyer obtaining capacity, energy, or RECs from qualifying resources or facilities from the assignment of non-bypassable costs associated with compliance with the renewable portfolio standard program based on the amount and type of renewable energy certificates obtained in proportion to such accelerated clean energy buyer’s total electric energy consumption.
Most recent activity on HB369 – On March 2nd, Senate substitute agreed to by House (95‑Y 4‑N 0‑A)
Previously on February 26th, passed Senate with substitute Block Vote (40‑Y 0‑N 0‑A) and Engrossed by Senate ‑ S-Commerce and Labor committee substitute
