PA
Pennsylvania Senate Bill SB1330

Pennsylvania 2023-2024 Regular Session

Pennsylvania Senate Bill SB1330

Introduced
9/27/24  

Caption

Providing for the disposition of alternative energy credits.

Impact

A significant aspect of SB 1330 is its provision for the allocation of proceeds generated from the disposition of alternative energy credits. All financial gains from these transactions are set to be deposited into the Marcellus Legacy Fund. The proceeds from this fund are earmarked specifically for the plugging of orphan or abandoned oil and gas wells, reflecting a dual focus on promoting alternative energy while also ensuring environmental protections are in place to mitigate the impacts of previous energy extraction activities.

Summary

Senate Bill 1330, referred to as the Alternative Energy Credits Act, is aimed at regulating the disposition of alternative energy credits within the Commonwealth of Pennsylvania. The bill mandates that the Department of General Services is responsible for the sale, auction, or transfer of these credits at fair market value. This approach is intended to streamline the management of alternative energy credits and ensure that they are utilized effectively within the state's energy framework. By doing so, the legislation underscores a commitment to alternative energy resources while addressing the financial aspects associated with these credits.

Sentiment

The sentiment surrounding SB 1330 appears to be largely positive among proponents of environmental sustainability and alternative energy initiatives. Legislative discussions indicate that supporters view the bill as a step forward in harnessing alternative energy and addressing associated environmental concerns. However, while there is a strong push for progressing energy policies, some stakeholders may harbor concerns regarding the implementation aspects of the bill and its effectiveness in achieving desired outcomes.

Contention

Notably, while there seems to be a consensus on the need for regulation of alternative energy credits, potential points of contention may arise regarding how proceeds are utilized and whether the bill adequately addresses all environmental concerns linked to oil and gas production. The bill's retroactive application to alternative energy credits acquired since January 1, 2019, could also generate discussions regarding its implications for past transactions and existing agreements. As Pennsylvania continues to navigate its energy policies, these discussions will likely frame future legislative efforts.

Latest PA SB1330 Activity

View All Events: PA 2023-2024 Regular Session SB1330

Companion Bills

No companion bills found.

Previously Filed As

PA HB2277

Further providing for definitions; providing for force majeure; further providing for alternative energy portfolio standards, for portfolio requirements in other states, for health and safety standards and for interagency responsibilities; providing for zero emission credits; and making editorial changes.

PA SB1190

Further providing for definitions; providing for force majeure; further providing for alternative energy portfolio standards, for portfolio requirements in other states, for health and safety standards and for interagency responsibilities; providing for zero emission credits; and making editorial changes.

PA SB501

Further providing for definitions; providing for force majeure; further providing for alternative energy portfolio standards, for portfolio requirements in other states, for health and safety standards and for interagency responsibilities; providing for zero emissions credits; and making editorial changes.

PA HB501

Further providing for definitions; providing for force majeure; further providing for alternative energy portfolio standards, for portfolio requirements in other states, for health and safety standards and for interagency responsibilities; providing for zero emissions credits; and making editorial changes.

PA SB15

Further providing for definitions, for fees and for disposition of fees, fines and civil penalties, providing for disposition of auction proceeds from CO2 Budget Trading Program, for clean air fund accounts, for the Energy Communities Trust Fund and for Environmental Justice Communities Trust Fund.

PA SB1023

In disposition of Commonwealth surplus land, further providing for definitions, for annual property survey, for property disposition and for conditions upon conveyance; and making an editorial change.

PA SB1287

Further providing for short title, for definitions and for alternative energy portfolio standards; providing for Zero Emissions Carbon Certificate Program, for solar photovoltaic technology requirements and for decarbonization; and establishing the ZEC Fund.

PA SB372

Further providing for short title, for definitions and for alternative energy portfolio standards; providing for Zero Emissions Carbon Certificate Program, for solar photovoltaic technology requirements and for decarbonization; and establishing the ZEC Fund.

PA HB1300

In emergency COVID-19 response, providing for

PA SB243

In disposition of Commonwealth surplus land, further providing for limited definitions, for annual property survey, for property disposition and for conditions upon conveyances; and making an editorial change.

Similar Bills

No similar bills found.