SB297 HFIN AMT 4-8AC
The Committee on Finance moved to amend the title of the bill
to read as follows:
S. B. 297 - "
A BILL to amend the Code of West Virginia, 1931,
as amended, by adding thereto a new article, designated §24-2F-1,
§24-2F-2, §24-2F-3, §24-2F-4, §24-2F-5, §24-2F-6, §24-2F-7, §24-2F-
8, §24-2F-9, §24-2F-10, §24-2F-11 and §24-2F-12, all relating to an
alternative and renewable energy portfolio standard; setting forth
legislative findings; defining terms; establishing standards for
the sale of electricity generated from alternative and renewable
energy resources; providing for compliance assessments; creating a
system of tradeable alternative and renewable energy resource
credits; providing for the awarding of credits based upon
electricity generated from alternative and renewable energy
resource facilities; providing for the awarding of credits for
certain greenhouse emissions reduction and offset projects;
providing for the awarding of credits for certain energy efficiency
and demand-side energy initiative projects; requiring application
to the Public Service Commission for approval of alternative and
renewable energy portfolio standard compliance plans; setting forth
minimum requirements for compliance plan applications; requiring
Public Service Commission approval of compliance plan applications;
requiring annual progress reports; providing for incentive rate making for investments in new alternative and renewable energy
resource facilities in West Virginia; requiring the Public Service
Commission to adopt certain net metering and interconnection rules
and standards; authorizing the Public Service Commission to enter
into interagency agreements to meet its requirements under this
article; requiring an ongoing assessment of alternative and
renewable energy resources in West Virginia; authorizing Public
Service Commission to adopt portfolio standards for certain
electric cooperatives and other electric facilities or utilities;
establishing the Alternative and Renewable Energy Resources
Research Fund; providing for the awarding of matching grants for
certain research projects; and authorizing the Public Service
Commission to promulgate rules.
".