Virginia SB 4001 — Virginia Clean Energy & Community Flood Preparedness Act; repeal; electric utility customer credit.
Virginia, 2026S1. SB 4001: Virginia Clean Energy & Community Flood Preparedness Act; repeal; electric utility customer credit.
Latest action
October 21, 2026 — Referred to Committee on Agriculture, Conservation and Natural Resources
Summary
Virginia Clean Energy and Community Flood Preparedness Act; repeal; electric utility customer credit. Directs the Department of Environmental Quality to suspend the Commonwealth's participation in the Regional Greenhouse Gas Initiative (RGGI). The bill requires the Commonwealth to remit all revenue collected pursuant to a market-based trading program consistent with RGGI to each electric utility that has a rate adjustment clause approved or pending approval for recovery of the costs of emissions allowances or that has otherwise increased customer bills to recover such costs. The bill directs each such utility to subsequently distribute such funds as a credit to its customers in the Commonwealth.
A BILL to amend and reenact §§ 10.1-603.25, 10.1-1183.1, 10.1-1307, 45.2-1701.1, and 56-596.2:2 of the Code of Virginia and to repeal Article 4 (§§ 10.1-1329, 10.1-1330, and 10.1-1331) of Chapter 13 of Title 10.1 of the Code of Virginia, relating to Virginia Clean Energy and Community Flood Preparedness Act; repeal; electric utility customer credit.
Sponsors
- Bill DeSteph — primary sponsor
- J.D. "Danny" Diggs
- Christie New Craig
- Ryan T. McDougle
- Mark J. Peake
- Glen H. Sturtevant, Jr.
Bill text
Introduced Read version ↗ Read version ↗
Recorded votes
No roll-call votes were supplied for this bill. This does not imply that no vote occurred.
Legislative history
- Referred to Committee on Agriculture, Conservation and Natural Resources
- Presented and ordered printed 26200403D
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