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SB508

Renewable energy portfolio standard; geothermal heating and cooling systems.

Status:
Enacted

Latest Action: April 5, 2024
Governor: Acts of Assembly Chapter text (CHAP0597)

Chief Patron:
Scott Surovell (D)

Session:
2024 Regular Session

Summary

As Passed House of Origin. Renewable energy portfolio standard; geothermal heating and cooling systems; report.

Provides that geothermal heating and cooling systems, as defined in the bill, located in the Commonwealth are eligible for compliance with renewable energy portfolio standard requirements. The bill also requires the State Corporation Commission (the Commission) to convene a stakeholder work group to examine the feasibility of establishing renewable energy portfolio standard program (RPS program) requirements that require each Phase I and Phase II Utility to procure and retire renewable energy certificates (RECs) from geothermal heating and cooling systems placed in service after August 16, 2022, as a percentage of the number of RECs used for RPS program compliance. The work group shall include representatives from the geothermal industry, Phase I and Phase II Utilities, the Department of Energy, environmental advocacy organizations, environmental justice organizations, consumer advocates, and other interested stakeholders. The Commission is required to report the findings and recommendations of the work group to the Chairmen of the Senate Committee on Commerce and Labor, the House Committee on Labor and Commerce, and the Commission on Electric Utility Regulation no later than December 1, 2024. Portions of the bill have a delayed effective date of January 1, 2025. (Less)

  • Bill History

  • 01/09/2024 - Senate: Prefiled and ordered printed; offered 01/10/24 24104935D
  • 01/09/2024 - Senate: Referred to Committee on Commerce and Labor
  • 02/05/2024 - Senate: Senate committee, floor amendments and substitutes offered
  • 02/05/2024 - Senate: Reported from Commerce and Labor with substitute (9-Y 6-N)
  • 02/05/2024 - Senate: Committee substitute printed 24107056D-S1
  • 02/05/2024 - Senate: Rereferred to Finance and Appropriations
  • 02/08/2024 - Senate: Senate committee, floor amendments and substitutes offered
  • 02/08/2024 - Senate: Reported from Finance and Appropriations with substitute (10-Y 5-N)
  • 02/08/2024 - Senate: Committee substitute printed 24107417D-S2
  • 02/09/2024 - Senate: Constitutional reading dispensed (39-Y 0-N)
  • 02/12/2024 - Senate: Read second time
  • 02/12/2024 - Senate: Commerce and Labor Committee substitute rejected 24107056D-S1
  • 02/12/2024 - Senate: Reading of substitute waived
  • 02/12/2024 - Senate: Committee substitute agreed to 24107417D-S2
  • 02/12/2024 - Senate: Engrossed by Senate - committee substitute SB508S2
  • 02/13/2024 - Senate: Read third time and passed Senate (21-Y 19-N)   Close Floor Vote
  • 02/16/2024 - House: Placed on Calendar
  • 02/16/2024 - House: Read first time
  • 02/16/2024 - House: Referred to Committee on Labor and Commerce
  • 02/19/2024 - House: Assigned L & C sub: Subcommittee #3
  • 02/27/2024 - House: Subcommittee recommends reporting (9-Y 1-N)
  • 02/27/2024 - House: Reported from Labor and Commerce (20-Y 1-N)
  • 02/29/2024 - House: Read second time
  • 03/01/2024 - House: Read third time
  • 03/01/2024 - House: Passed House (84-Y 13-N)
  • 03/01/2024 - House: VOTE: Passage (84-Y 13-N)
  • 03/04/2024 - Senate: Impact statement from DPB (SB508S2)
  • 03/06/2024 - Senate: Enrolled
  • 03/06/2024 - Senate: Bill text as passed Senate and House (SB508ER)
  • 03/06/2024 - Senate: Impact statement from DPB (SB508ER)
  • 03/06/2024 - House: Signed by Speaker
  • 03/07/2024 - Senate: Signed by President
  • 03/11/2024 - Senate: Enrolled Bill Communicated to Governor on March 11, 2024
  • 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
  • 04/05/2024 - Governor: Approved by Governor-Chapter 597 (effective - see bill)
  • 04/05/2024 - Governor: Acts of Assembly Chapter text (CHAP0597)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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