SB 398 Virginia Senate · 2022 Regular Session

Regional Greenhouse Gas Initiative (RGGI); preexisting contracts.

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.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2022

Committee Review

Feb 2022

Senate Passage

Feb 2022

House of Delegates Passage

Governor

Introduced Jan 11, 2022 Last action Feb 8, 2022

Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 8, 2022

Upper · Passed

Passed by indefinitely in Finance and Appropriations (11-Y 5-N)

upper

Feb 1, 2022

Committee

Rereferred to Finance and Appropriations

upper

Feb 1, 2022

Upper · Passed

Reported from Agriculture, Conservation and Natural Resources (8-Y 7-N)

upper

Jan 11, 2022

Committee

Referred to Committee on Agriculture, Conservation and Natural Resources

upper

Jan 11, 2022

Introduced

Prefiled and ordered printed; offered 01/12/22 22101370D

upper

1 primary · 0 co-sponsors