Virginia RPS

VA: On April 11, 2007, Governor Tim Kaine signed Senate Bill 1416, which established a voluntary renewable portfolio goal.  The standard sets a renewable energy target of 12 percent of base year sales by 2022.  The standard targets are defined as percentages of 2007 (the “base year”) electricity sales minus the average annual percentage of power supplied from nuclear generators between 2004 and 2006.  A utility may participate in the voluntary RPS program if it demonstrates that it has a reasonable expectation of achieving the 12 percent target in 2022.  Sources of energy that count toward the target include solar, wind, geothermal, hydropower, wave, tidal, and biomass energy.  Wind and solar receive a double credit toward RPS goals.

SB 1416