This office lease provision states that the landlord agrees that prior to the Commencement Date risers, feeders and wiring will be installed in the building by the landlord to furnish electrical service to the demised premises.
Virginia Provision Addressing Present and Future Demands for Electricity in the Premises
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FAQ
Virginia's net metering law allows customers of investor-owned and cooperative electric utilities to solar or small wind power systems on their premises to generate their own electricity.
The bill establishes a renewable energy portfolio standard (RPS), which mandates that the two utilities in the state, Dominion Energy Virginia and Appalachian Electric Power, produce 100 percent renewable electricity by 2045 and 2050, respectively.
Division of Public Utility Regulation.
Energy Deregulation in Virginia Virginia has deregulated both energy services: Natural gas was deregulated in 2001, and electricity was deregulated in 2007.
A. The Commission shall regulate the rates of investor-owned incumbent electric utilities for the transmission of electric energy, to the extent not prohibited by federal law, and for the generation of electric energy and the distribution of electric energy to retail customers pursuant to this section and § 56-585.1.
The bill provides that the Commission may increase or decrease an electric utility's combined rate of return for generation and distribution services by up to 50 basis points based on factors that may include reliability, generating plant performance, customer service, and operating efficiency of a utility.
In 2020, the General Assembly passed the Virginia Clean Economy Act (VCEA), which mandated a goal of 100% zero-carbon energy generation by 2050 and prescribed increasingly strict Renewable Portfolio Standards (RPS) for Virginia's investor-owned electric utilities.
The Federal Energy Regulatory Commission (FERC) oversees the interstate transmission of electricity, oil, and natural gas. Its mission is to provide consumers with access to reliable, efficient, safe, and secure energy at a reasonable cost.
