Regional Greenhouse Gas Initiative; trading allowance reserve account, etc.

Regional Greenhouse Gas Initiative; tradingallowance reserve account; facilities with long-term contracts.Provides that if the Commonwealth becomes a participant in the RegionalGreenhouse Gas Initiative or another carbon dioxide cap and tradeprogram with an open auction of allowances, the Department of EnvironmentalQuality shall establish an allowance reserve account for any electricgeneration facility that operates according to a long-term contractthat was executed prior to May 16, 2017, and prohibits the recoveryof allowance costs. The bill provides that such a facility shallbe allocated free allowances from the reserve account sufficientto cover its annual compliance obligation for the duration of the long-term contract.