HB110
Regional Greenhouse Gas Initiative; trading allowance reserve account, etc.
Summary
As Introduced. Regional Greenhouse Gas Initiative; trading allowance reserve account; facilities with long-term contracts.
Provides that if the Commonwealth becomes a participant in the Regional Greenhouse Gas Initiative or another carbon dioxide cap and trade program with an open auction of allowances, the Department of Environmental Quality shall establish an allowance reserve account for any electric generation facility that operates according to a long-term ... (More) contract that was executed prior to May 16, 2017, and prohibits the recovery of allowance costs. The bill provides that such a facility shall be allocated free allowances from the reserve account sufficient to cover its annual compliance obligation for the duration of the long-term contract. (Less)-
Bill History
- 12/13/2019 - House: Prefiled and ordered printed; offered 01/08/20 20101945D
- 12/13/2019 - House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 01/14/2020 - House: Assigned ACNR sub: Chesapeake
- 01/22/2020 - House: Referred from Agriculture, Chesapeake and Natural Resources
- 01/22/2020 - House: Referred to Committee on Labor and Commerce
- 01/28/2020 - House: Assigned L & C sub: Subcommittee #3
- 02/11/2020 - House: Left in Labor and Commerce
