Please support rejoining RGGI and requiring being part of it going forward. Millions of dollars of flood preparedness funds have already gone to SW Va, including projects that are in the ground in Christiansburg and in Roanoke. Other localities are right now doing the hard work of planning and analyzing their watersheds to see what can be done to alleviate flooding damages. The only way to mitigate climate change is to fund and require the change to insulated, efficient homes and businesses and carbon neutral energy. It is just like rural electrification and community water and sewer. It has to be required and at least partially state funded. I live in rural southwest VA, and have watched the climate change and flooding get more frequent and worse. All RGGI does is require that the cost of fossil fuels in terms of climate change be paid for instead of ignored.

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Invasives should be pulled or killed by herbicide and not be permitted to be sold in nurseries

With respect to the patron, Virginia’s electric cooperatives would like to note several impacts of this legislation from both a reliability and affordability perspective. Reentering the Regional Greenhouse Gas Initiative (RGGI) adds a carbon allowance cost to electricity generation. That added cost affects how generation resources are dispatched and makes some existing resources more expensive to utilize. As a result, dispatchable generation that remains critical to meeting ever increasing demand and needed to support reliability is likely to operate less often or at higher cost. Those higher costs are ultimately borne by the ratepayer, including families, businesses, and communities across the Commonwealth. Our cooperative member-consumers are straddled with these additional costs as pass-through wholesale power costs. At a time when many Virginians continue to struggle to keep up with rising costs, even modest increases in electricity bills can be difficult to absorb. While we recognize the importance of expanding the availability of energy efficiency programs for low-income residents and enhancing local and regional flood resilience, we do not believe imposing additional costs on Virginians is the most effective way to fund these important priorities. From a reliability perspective, maintaining dispatchable generation resources is critical. As the resource mix evolves, the amount of capacity that can be relied upon during the hours of highest system risk is declining. PJM’s most recent capacity auction for the 2027/2028 delivery year cleared with procured capacity below PJM’s reliability target for reserve margin. Policies that increase operating costs for existing generation can impact long-term planning and place additional pressure on system reliability, particularly during extreme weather events when the grid is most stressed. For these reasons, we respectfully urge careful consideration of the operational and ratepayer impacts of HB 397, particularly how increased generation costs are passed directly to Virginians.