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2026 Special Session I

Budget Amendments - HB30 (Conference Report)

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RGGI Utility Credit (language only)

Item 367 #3c

Item 367 #3c

Natural and Historic Resources
Department of Environmental Quality

Language

Page 449, after line 46, insert:

"E. Notwithstanding any other provision of law, beginning July 1, 2026, an amount equal to 45 percent of all revenue collected pursuant to a program established under § 10.1-1330 of the Code of Virginia, shall be remitted by the Commonwealth to any Phase I or Phase II Utility, as those terms are defined in subdivision A 1 of § 56-585.1 of the Code of Virginia, which has a rate adjustment clause petition approved or pending approval by the State Corporation Commission (the “Commission”) pursuant to subdivision A 5 e of § 56-585.1 of the Code of Virginia for recovery of the costs of emissions allowances, and the Utility shall subsequently distribute such funds received from the Commonwealth as a credit to its customers in the residential, Small General Service, and church classes in a manner approved by the Commission, including that such credit shall be reflected as a line item on the customer bill. The remaining 55 percent of the revenue collected shall be distributed consistent with § 10.1-1330 C. of the Code of Virginia."



Explanation

(This amendment provides a credit to Phase I and Phase II Utility customers in the residential, Small General Service, and church classes in a manner approved by the State Corporation Commission from revenue collected through RGGI.)