PRINTER'S NO. 4348
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2856
Session of
2020
INTRODUCED BY COMITTA, McCARTER, FREEMAN, HOHENSTEIN,
SHUSTERMAN, VITALI, LEE, CALTAGIRONE, WILLIAMS, HILL-EVANS,
FRANKEL, SANCHEZ, ULLMAN, RAVENSTAHL, BRIGGS, SAPPEY,
JOHNSON-HARRELL, DALEY, HANBIDGE, KIM, McNEILL, McCLINTON,
FITZGERALD, HOWARD, BURGOS, ROEBUCK, STURLA, WARREN, WEBSTER
AND SCHLOSSBERG, SEPTEMBER 9, 2020
REFERRED TO COMMITTEE ON ENVIRONMENTAL RESOURCES AND ENERGY,
SEPTEMBER 9, 2020
AN ACT
Establishing the CO2 Budget Trading Program; providing for
powers and duties of department; establishing the Energy
Transition Fund; providing for revenue from sale of carbon
allowances; establishing the Energy Transition Board; and
providing for energy transition plan.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Energy
Transition and Recovery Act.
Section 2. Findings and declarations.
The General Assembly finds and declares as follows:
(1) This Commonwealth's electric power sector is
experiencing a rapid and unprecedented transition. Until
recently, this Commonwealth produced nearly all of its
electricity from coal-fired and nuclear power plants.
However, since 2011, low natural gas prices and wholesale
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17