SB 505

  • Virginia Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Jan 12, 2022
  • Passed Senate Feb 04, 2022
  • Passed House Feb 25, 2022
  • Signed by Governor Apr 11, 2022

Electric cooperatives; net energy metering, power purchase agreements, etc.

Abstract

Electric cooperatives; net energy metering; power purchase agreements; local facilities usage charges. Permits any customer, besides a farm or small agricultural generating facility and any customer selling power to the electric cooperative, to interconnect with an electric cooperative and enter an agreement for local facilities usage charges. The bill provides that electric cooperatives can seek approval from the State Corporation Commission at any time for a tariff for local facilities usage charges for the use of cooperative system facilities; however, the terms of an independent agreement for local facilities usage charges shall prevail if inconsistent with the approved tariff amount.The bill permits the board of directors of an electric cooperative to approve any voluntary tariff and associated cost recovery without filing additional information with the Commission besides an informational notice. Under the bill, the Commission may administratively approve a change in rate, tariff, or term or condition of service without notice or a hearing.The bill removes the limit on raising the cap for electric cooperatives' generating capacity beyond seven percent of system peak for the purposes of net energy metering. The bill also allows electric cooperatives to permit the use of third-party partial requirements power purchase agreements for eligible customer-generators without separate approval by the Commission; however, the cooperative is required to file a revised net energy metering compliance filing.Additionally, the bill permits impacted cooperative customers to file a petition with the Commission for redress and review of the local facilities usage charges. This bill is identical to HB 266.

Electric cooperatives; net energy metering; power purchase agreements; local facilities usage charges. Permits any customer, besides a farm or small agricultural generating facility and any customer selling power to the electric cooperative, to interconnect with an electric cooperative and enter an agreement for local facilities usage charges. The bill provides that electric cooperatives can seek approval from the State Corporation Commission at any time for a tariff for local facilities usage charges for the use of cooperative system facilities; however, the terms of an independent agreement for local facilities usage charges shall prevail if inconsistent with the approved tariff amount. The bill permits the board of directors of an electric cooperative to approve any voluntary tariff and associated cost recovery without filing additional information with the Commission besides an informational notice. Under the bill, the Commission may administratively approve a change in rate, tariff, or term or condition of service without notice or a hearing. The bill removes the limit on raising the cap for electric cooperatives' generating capacity beyond seven percent of system peak for the purposes of net energy metering. The bill also allows electric cooperatives to permit the use of third-party partial requirements power purchase agreements for eligible customer-generators without separate approval by the Commission; however, the cooperative is required to file a revised net energy metering compliance filing.  

Bill Sponsors (1)

Votes


Actions


Apr 11, 2022

Office of the Governor

Approved by Governor-Chapter 364 (effective 7/1/22)

Mar 11, 2022

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 11, 2022

Senate

Enrolled Bill Communicated to Governor on March 11, 2022

Mar 02, 2022

Senate

Signed by President

Senate

Impact statement from SCC (SB505ER)

Mar 01, 2022

Senate

Enrolled

House

Signed by Speaker

Feb 25, 2022

House

Passed House BLOCK VOTE (99-Y 0-N)

House

VOTE: Block Vote Passage (99-Y 0-N)

House

Read third time

Feb 24, 2022

House

Read second time

Feb 22, 2022

House

Reported from Commerce and Energy (22-Y 0-N)

Feb 21, 2022

House

Read first time

House

Placed on Calendar

House

Referred to Committee on Commerce and Energy

Feb 04, 2022

Senate

Read third time and passed Senate (39-Y 0-N)

Feb 03, 2022

Senate

Engrossed by Senate - committee substitute SB505S1

Senate

Committee substitute agreed to 22105614D-S1

Senate

Reading of substitute waived

Senate

Read second time

Feb 02, 2022

Senate

Constitutional reading dispensed (40-Y 0-N)

Jan 31, 2022

Senate

Reported from Commerce and Labor with substitute (15-Y 0-N)

Senate

Committee substitute printed 22105614D-S1

Senate

Senate committee, floor amendments and substitutes offered

Jan 21, 2022

Senate

Assigned C&L sub: Energy

Jan 19, 2022

Senate

Impact statement from SCC (SB505)

Jan 12, 2022

Senate

Prefiled and ordered printed; offered 01/12/22 22101854D

Senate

Referred to Committee on Commerce and Labor

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/12/22 22101854D PDF HTML
Committee substitute printed 22105614D-S1 PDF HTML
SB505ER PDF HTML
CHAP0364 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: SB505FER171.PDF PDF
Fiscal Impact Statement: SB505F171.PDF PDF

Sources

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