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HB965

Energy efficiency programs; definition of benefit-cost ratio and total resource cost test.

Status:
Killed

Chief Patron:
Rip Sullivan (D)

Session:
2018 Regular Session

Summary

As Introduced. Energy efficiency programs; Total Resource Cost Test.

Defines the Total Resource Cost Test as a test to determine if the benefit-cost ratio of a proposed energy efficiency program or measure is greater than one. The measure defines "benefit-cost ratio" as the ratio of the net present value of the total benefits of a program or measure, including savings and non-energy benefits, to the net present value of the total incremental costs of implementing that program or measure as calculated over the lifetime of the measures implemented thereunder. An energy efficiency program or measure that meets the Total Resource Cost Test is declared to be in the public interest. The measure provides that an energy efficiency program or measure that fails the Total Resource Cost Test shall be reviewed by the State Corporation Commission (SCC) under other tests for approving energy efficiency. The Total Resource Cost Test is one of the four tests used by the SCC in assessing electricity and natural gas utility energy efficiency programs. (Less)
  • Bill History

  • 01/09/2018 - House: Prefiled and ordered printed; offered 01/10/18 18101188D
  • 01/09/2018 - House: Referred to Committee on Commerce and Labor
  • 01/16/2018 - House: Impact statement from SCC (HB965)
  • 01/23/2018 - House: Assigned C & L sub: Subcommittee #3
  • 01/30/2018 - House: Subcommittee failed to recommend reporting (4-Y 6-N)
  • 02/13/2018 - House: Left in Commerce and Labor

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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