Third-party power purchase agreements; regulation of retail sales of electricity under agreements.

Third-party power purchase agreements. Exemptssellers under third-party power purchase agreements from being definedas a public utility, public service corporation, public service company,or electric utility solely because of the sale of electricity orownership or operation of a distributed generation facility. Themeasure provides that the sale of electricity generated at a distributedenergy facility by a person that is not a public utility, publicservice corporation, or public service company to a customer thatis purchasing or leasing the distributed energy facility under theterms of a third-party power purchase agreement does not constitutethe retail sale of electricity. The measure proscribes State CorporationCommission regulation of the sale of electric energy that is generatedon site by a distributed generation facility pursuant to a third-partypower purchase agreement. The measure also repeals the pilot programinitially enacted in 2013 that authorized Dominion Energy to enterinto certain third-party power purchase agreements providing financingof certain renewable generation facilities.