Virginia House Bill HB2552

Virginia 2025 Regular Session

• Introduced: 1/10/25
• Refer: 1/10/25

Caption

Electric utilities; State Corporation Commission to establish an emissions intensity target program.

Impact

The implications of HB2552 are significant for existing state laws governing energy generation and utility operations. By setting specific emissions reduction targets, the legislation seeks to promote the adoption of renewable energy technologies, particularly solar and onshore wind power. Utilities will be held accountable for their progress, and the bill encourages investment in energy storage resources to enhance grid reliability and performance. It is expected that these requirements will not only contribute to environmental sustainability but also spur economic development and job creation within the clean energy sector.

Summary

House Bill 2552, introduced in the Virginia General Assembly, focuses on fostering an emissions intensity target program for electric utilities. The bill mandates that Phase I and Phase II Utilities strive for net-zero emissions through strict, time-bound targets aimed at reducing carbon-equivalent emissions per unit of electricity generated. This progressive legislation underscores Virginia's commitment to transitioning toward cleaner energy sources while ensuring reliable electric service and managing costs effectively for consumers.

Contention

Notably, the bill has garnered attention regarding the balance between ambitious environmental targets and the potential economic impacts on utility rates for consumers. Critics may raise concerns that stringent emissions reduction goals could lead to increased costs, potentially affecting low-income households. The legislation attempts to address these concerns by allowing low-income utility customers to qualify for certain exemptions, ensuring their participation in these renewable programs without undue financial burden.