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VA HB746

VA HB746
Energy efficiency programs; definitions, incremental annual savings.

summary

Introduced
01/09/2024
In Committee
02/26/2024
Crossed Over
03/04/2024
Passed
03/07/2024
Dead
Signed/Enacted/Adopted
04/17/2024

Introduced Session

2024 Regular Session

Bill Summary

Energy efficiency programs; incremental annual savings. Provides that for the 2029 program year and all subsequent years, "in the public interest" for the purpose of assessing energy efficiency programs means that the State Corporation Commission determines that the program is cost-effective. The bill directs the Commission to promulgate regulations no later than September 30, 2025, establishing a single, consistent cost-effectiveness test for use in evaluating proposed energy efficiency programs. The bill requires Dominion Energy Virginia and Appalachian Power Company to track, quantify, and report to the Commission the incremental annual savings, as defined in the bill, achieved by such utility's energy efficiency programs.

AI Summary

This bill: 1. Provides that for the 2029 program year and all subsequent years, "in the public interest" for the purpose of assessing energy efficiency programs means that the State Corporation Commission (SCC) determines the program is cost-effective. The bill directs the SCC to promulgate regulations by September 30, 2025, establishing a single, consistent cost-effectiveness test for evaluating proposed energy efficiency programs. 2. Requires Dominion Energy Virginia and Appalachian Power Company to track, quantify, and report to the SCC the incremental annual savings achieved by their energy efficiency programs. "Incremental annual savings" refers to the total combined kilowatt-hour savings achieved in the program year. 3. Allows the SCC to consider reasonableness, prudence, or the public interest in determining the cost-effectiveness test for evaluating proposed energy efficiency programs.

Committee Categories

Business and Industry

Sponsors (10)

Last Action

Governor: Acts of Assembly Chapter text (CHAP0818) (on 04/17/2024)
(1 Companion Bills)

bill text

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bill summary

Document Type Source Location
State Bill Page https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB746
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0818+hil
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB746ER2+hil
Governor's recommendation https://lis.virginia.gov/cgi-bin/legp604.exe?241+amd+HB746AG
Fiscal Note/Analysis - Senate: Committee substitute printed 24107976D-S1 https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB746FS1171+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB746ER+hil
Senate amendments engrossed https://lis.virginia.gov/cgi-bin/legp604.exe?241+amd+HB746ASE
Senate amendments https://lis.virginia.gov/cgi-bin/legp604.exe?241+amd+HB746AS
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB746S1+hil
Substitute for HB746 for S-Commerce and Labor https://committees.lis.virginia.gov/pdfs/drafts/24107976D.pdf
Fiscal Note/Analysis - House: Committee substitute printed 24106758D-H1 https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB746FH1171+PDF
Substitute for HB746 Labor and Commerce, Subcommittee #3 https://committees.lis.virginia.gov/pdfs/24106758D.pdf
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB746H1+hil
Substitute for HB746 Labor and Commerce, Subcommittee #3 https://committees.lis.virginia.gov/pdfs/drafts/24106758D.pdf
Fiscal Note/Analysis - House: Prefiled and ordered printed; offe https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB746F171+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB746+hil
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