Virginia Senate Bill 893

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 4 2025 - 25% progression
Action: 2025-01-04 - Referred to Committee on Commerce and Labor
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Introduced) [HTML]

Renewable energy portfolio standard program; geothermal heating and cooling systems; report. For purposes of the renewable energy portfolio standard program, requires Dominion Energy Virginia and American Electric Power to procure and retire certain percentages of renewable energy certificates from geothermal heating and cooling systems, as defined in the bill, beginning with the 2026 compliance year and thereafter. The bill amends the method by which renewable energy certificates from geothermal heating and cooling systems are calculated and requires the State Corporation Commission to identify an appropriate formula for such calculation that is supported by a geothermal industry trade organization. The bill directs the Commission on Electric Utility Regulation to prepare and deliver a report evaluating the procurement and retirement of renewable energy certificates from geothermal heating and cooling systems in the Commonwealth on or before November 1, 2027. The bill also directs the Real Estate Appraiser Board to evaluate the development of a continuing education curriculum for licensees that includes how to calculate the value of energy efficiency equipment for the purposes of real estate appraisal.

Renewable energy portfolio standard program; geothermal heating and cooling systems; report.

Sen. Scott Surovell [D]

Date	Chamber	Action
2025-01-04	Senate	Referred to Committee on Commerce and Labor
2025-01-04	Senate	Prefiled and ordered printed; Offered 01-08-2025 25104360D

Type	Source
Summary	https://lis.virginia.gov/bill-details/20251/SB893
Text	https://lis.virginia.gov/bill-details/20251/SB893/text/SB893