Vote Smart's Synopsis:

Vote to override a governors veto and pass a bill that establishes state clean energy heat standards.

Highlights:

• Defines “commission” as the Public Utility Commission (Sec. 3).

• Defines “clean heat credit” as a tradeable, intangible commodity that represents the amount of greenhouse gas reduction attributable to a clean heat measure (Sec. 3).

• Defines “obligated party” as a regulated natural gas utility serving customers in the state of Vermont (Sec. 3).

• Authorizes the commission to establish the number of clean heat credits that each obligated party is required to retire each calendar year, and specifies that they update requirements for the next 10 years (Sec. 3).

• Authorizes the commission to temporarily adjust the annual requirements for good cause, including a shortage of clean heat credits or undue adverse financial impacts on particular customers or demographic segments (Sec. 3).

• Requires each entity that sells heating fuel into or in the state ot register annually with the Commission (Sec. 3).

• Establishes that the Clean Heat Standard shall be designed and implemented to enhance social equity by minimizing adverse impacts to customers with low income and moderate income and households with the highest energy burdens (Sec. 3).

• Specifies that beginning January 1, 2023, clean heat measures that are installed and provide emission reductions are creditable and shall count towards the future clean heat credit requirements (Sec. 3).

• Requires obligated parties annual requirements retire at least 16 percent from customers with low income and 16 percent from customers with moderate income (Sec. 3).

Full Bill Text

Vote Smart's Synopsis:

Vote to override a governors veto and pass a bill that establishes state clean energy heat standards.

Highlights:

• Defines “commission” as the Public Utility Commission (Sec. 3).

• Defines “clean heat credit” as a tradeable, intangible commodity that represents the amount of greenhouse gas reduction attributable to a clean heat measure (Sec. 3).

• Defines “obligated party” as a regulated natural gas utility serving customers in the state of Vermont (Sec. 3).

• Authorizes the commission to establish the number of clean heat credits that each obligated party is required to retire each calendar year, and specifies that they update requirements for the next 10 years (Sec. 3).

• Authorizes the commission to temporarily adjust the annual requirements for good cause, including a shortage of clean heat credits or undue adverse financial impacts on particular customers or demographic segments (Sec. 3).

• Requires each entity that sells heating fuel into or in the state ot register annually with the Commission (Sec. 3).

• Establishes that the Clean Heat Standard shall be designed and implemented to enhance social equity by minimizing adverse impacts to customers with low income and moderate income and households with the highest energy burdens (Sec. 3).

• Specifies that beginning January 1, 2023, clean heat measures that are installed and provide emission reductions are creditable and shall count towards the future clean heat credit requirements (Sec. 3).

• Requires obligated parties annual requirements retire at least 16 percent from customers with low income and 16 percent from customers with moderate income (Sec. 3).

Full Bill Text

Vetoed by Governor Phil Scott

Vote Smart's Synopsis:

Vote to pass a bill that establishes state clean energy heat standards.

Highlights:

• Defines “commission” as the Public Utility Commission (Sec. 3).

• Defines “clean heat credit” as a tradeable, intangible commodity that represents the amount of greenhouse gas reduction attributable to a clean heat measure (Sec. 3).

• Defines “obligated party” as a regulated natural gas utility serving customers in the state of Vermont (Sec. 3).

• Authorizes the commission to establish the number of clean heat credits that each obligated party is required to retire each calendar year, and specifies that they update requirements for the next 10 years (Sec. 3).

• Authorizes the commission to temporarily adjust the annual requirements for good cause, including a shortage of clean heat credits or undue adverse financial impacts on particular customers or demographic segments (Sec. 3).

• Requires each entity that sells heating fuel into or in the state ot register annually with the Commission (Sec. 3).

• Establishes that the Clean Heat Standard shall be designed and implemented to enhance social equity by minimizing adverse impacts to customers with low income and moderate income and households with the highest energy burdens (Sec. 3).

• Specifies that beginning January 1, 2023, clean heat measures that are installed and provide emission reductions are creditable and shall count towards the future clean heat credit requirements (Sec. 3).

• Requires obligated parties annual requirements retire at least 16 percent from customers with low income and 16 percent from customers with moderate income (Sec. 3).

Full Bill Text