HB118:

Electric utilities; regulation, development of renewable energy facilities.

Bill Summary:

Regulation of electric utilities; development
of renewable energy facilities; powers of State Air Pollution Control
Board; powers of State Corporation Commission. Repeals provisions
(i) requiring the State Air Pollution Control Board to adopt regulations
to reduce carbon dioxide emissions from any electricity generating
unit in the Commonwealth and authorizing the Board to establish an
auction program for energy allowances; (ii) prohibiting the State
Corporation Commission from approving any new utility-owned generation
facilities that emit carbon dioxide as a by-product of energy generation,
in certain circumstances; (iii) declaring that statutory allowances
for energy derived from sunlight, onshore wind, offshore wind, and
storage facilities are in the public interest; and (iv) relating
to the development of solar and wind generation and energy storage
capacity, development of offshore wind capacity, and generation of
electricity from renewable and zero carbon sources. The bill provides
that planning and development activities for new nuclear generation
facilities are in the public interest.