HB2365: Electric utilities; renewable energy portfolio standard program, zero-carbon electricity.

Legislative Summary

Electric utilities; renewable energy portfolio standard program; zero-carbon electricity. Amends the definition of renewable energy for purposes of the Virginia Electric Utility Regulation Act to include energy derived from hydrogen and nuclear power. The bill provides that the existing renewable energy portfolio standard program that establishes goals for the sale of renewable energy shall also include goals for the sale of zero-carbon electricity and adds zero-carbon electricity generating resources and certain other resources approved by the State Corporation Commission to the list of eligible sources for purposes of the renewable portfolio standard program.