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Bill > HB1934


VA HB1934

VA HB1934
Electric utilities; generation of electricity from renewable and zero carbon sources.


summary

Introduced
01/06/2025
In Committee
02/17/2025
Crossed Over
02/20/2025
Passed
03/07/2025
Dead
Signed/Enacted/Adopted
05/02/2025

Introduced Session

2025 Regular Session

Bill Summary

Electric utilities; generation of electricity from renewable and zero carbon sources; projects on or adjacent to public elementary or secondary schools. Provides that for purposes of compliance with a renewable energy portfolio standard (RPS) program, to the extent that low-income qualifying projects, as defined in existing law, are not available and projects located on or adjacent to public elementary or secondary schools are available, a certain percentage of the required projects shall be composed of projects located on or adjacent to public elementary or secondary schools. This bill is identical to SB 1192.

AI Summary

This bill modifies Virginia's renewable energy portfolio standards (RPS) program by adding a new provision related to solar projects located on or adjacent to public elementary or secondary schools. Specifically, for Phase II Utilities, if low-income qualifying projects are not available, a portion of the utility's one percent RPS requirement must be met by solar projects located on or adjacent to public elementary or secondary schools. To qualify, these school-based projects must have a contractual relationship with the school. The term "elementary or secondary" is defined by referencing existing state law. The bill is part of a broader effort to increase renewable energy generation in Virginia, with utilities required to progressively increase the percentage of renewable energy in their portfolios, reaching 100% by 2045-2050. This change aims to encourage solar development on school properties while providing additional opportunities for renewable energy projects beyond low-income qualifying installations.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (13)

Last Action

Acts of Assembly Chapter text (CHAP0708) (on 05/02/2025)

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