Bill > HB1875

This bill modifies Virginia's renewable energy portfolio standard program by expanding the definition of renewable energy to include hydrogen and nuclear power, and introducing a new concept of zero-carbon electricity. The bill requires electric utilities to set goals for both renewable and zero-carbon electricity sales, with a gradual increase in renewable energy requirements for Phase I and Phase II utilities from 6-14% in 2021 to 80-100% by 2045-2050. Utilities are mandated to petition the State Corporation Commission for approvals to construct or acquire significant amounts of solar, wind, and energy storage capacity, with specific targets for Phase I and Phase II utilities. The bill also includes provisions for energy storage resources, with Phase I utilities required to acquire 400 megawatts and Phase II utilities 2,700 megawatts by December 31, 2035. Additionally, the legislation includes requirements for competitive procurement, prioritizes projects in historically economically disadvantaged communities, and allows certain large commercial customers (accelerated renewable energy buyers) to contract for renewable energy credits. The bill aims to support the transition to cleaner energy sources by providing a structured approach to increasing renewable and zero-carbon electricity generation in Virginia.

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https://lis.virginia.gov/bill-details/20251/HB1875