VA SB398 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2022 - 25% progression, died in chamber
Action: 2022-02-08 - Passed by indefinitely in Finance and Appropriations (11-Y 5-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 11 2022 - 25% progression, died in chamber
Action: 2022-02-08 - Passed by indefinitely in Finance and Appropriations (11-Y 5-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Regional Greenhouse Gas Initiative; preexisting contracts. Establishes a reserve account for the purchase of Regional Greenhouse Gas Initiative (RGGI) allowances by an entity that has a preexisting contractual arrangement related to a power purchase entered into on or before May 16, 2017, and continuing in effect on July 1, 2020, through December 31, 2025. Such entity is authorized under the bill to purchase RGGI credits at a discounted rate, subject to conditions set forth in the bill, if, because of the preexisting contractual arrangement, the entity is unable to pass through or recover its RGGI costs. Regional Greenhouse Gas Initiative; preexisting contracts. Establishes a reserve account for the purchase of Regional Greenhouse Gas Initiative (RGGI) allowances by an entity that has a preexisting contractual arrangement related to a power purchase entered into on or before May 16, 2017, and continuing in effect on July 1, 2020, through December 31, 2025. Such entity is authorized under the bill to purchase RGGI credits at a discounted rate, subject to conditions set forth in the bill, if, because of the preexisting contractual arrangement, the entity is unable to pass through or recover its RGGI costs.
Title
Regional Greenhouse Gas Initiative (RGGI); preexisting contracts.
Sponsors
Roll Calls
2022-02-08 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (11-Y 5-N) (Y: 11 N: 5 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Reported from Agriculture, Conservation and Natural Resources (8-Y 7-N) (Y: 8 N: 7 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Reported from Agriculture, Conservation and Natural Resources (8-Y 7-N) (Y: 8 N: 7 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-08 | Senate | Passed by indefinitely in Finance and Appropriations (11-Y 5-N) |
| 2022-02-01 | Senate | Rereferred to Finance and Appropriations |
| 2022-02-01 | Senate | Reported from Agriculture, Conservation and Natural Resources (8-Y 7-N) |
| 2022-01-11 | Senate | Referred to Committee on Agriculture, Conservation and Natural Resources |
| 2022-01-11 | Senate | Prefiled and ordered printed; offered 01/12/22 22101370D |
