Repeal of Va. Renewable Energy Incentives Proposed
RICHMOND, Va. (AP)- Virginia Attorney General Ken Cuccinelli and the state's largest electric utilities are proposing to repeal financial incentives for using renewable energy.
The attorney general's office said Tuesday that under the agreement, Dominion Virginia Power and Appalachian Power would no longer be eligible to receive bonuses called "adders" for using sources of renewable energy. The agreement does not, however, repeal the state's voluntary renewable energy goals.
The parties hope to present a final legislative proposal when the General Assembly's Commission on Electric Utility Regulation meets Thursday.
A November report released by Cuccinelli's office said the incentives have not yielded the intended environmental goals and have contributed to increases in customer bills.
The attorney general's office says it was asked by lawmakers work with utilities to reform part of the 2007 law.
Wednesday, June 19 2013 1:44 PM EDT2013-06-19 17:44:04 GMT
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