1999 Session

Budget Amendments - SB800 (Conference Report)

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Reduce Energy Efficiency Fund (language only)

Item 3-3.04 #1c

Item 3-3.04 #1c

General Fund Deposits
Payments from Virginia Power Company

page 508, line 41, strike "$2,000,000" and insert "$1,000,000

(This amendment reduces the amount provided for an Energy Efficiency Fund from $2,000,000 to $1,000,000. The funding comes from a $4,950,000 overcharge refund from the Virginia Power Company. The Energy Efficiency Fund is intended to finance advanced metering devices for state agencies in anticipation of electric utility deregulation. A transition task force is expected to be established by legislation in the 1999 session to study energy efficiency issues. The transition to electric utility customer choice is currently scheduled to be phased in beginning in 2002.)