SB470
Electric utilities; renewable portfolio standard program, zero-carbon electricity, etc.
Status:
In Senate
Latest Action:
Jan. 26, 2026
Senate: Fiscal Impact Statement from State Corporation Commission (SB470)
Chief Patron:
Dave Marsden (D)
Session:
2026 Regular Session
Summary
As Introduced. Electric utilities; renewable portfolio standard program; zero-carbon electricity; accelerated renewable energy buyers.
Classifies zero-carbon electricity generating facilities that are not otherwise renewable portfolio standard (RPS) program eligible sources and that are placed into service in the Commonwealth after July 1, 2030, as RPS eligible sources. The bill permits an accelerated renewable energy buyer to contract to obtain bundled capacity, energy, and renewable ... (More) energy certificates from solar, wind, or zero-carbon electricity generation located within the PJM region and placed in commercial operation on or before January 1, 2015, if investments to increase the maximum thermal power output of such facility occurred after January 1, 2015, or if a financial agreement for procurement of energy and capacity was entered into with such facility after January 1, 2015, to prevent the early retirement or decommissioning of such facility due to financial constraints. (Less)-
Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26101544D
- 01/13/2026 - Senate: Referred to Committee on Commerce and Labor
- 01/26/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB470)
