LEGISLATIVE TRANSITION TASK FORCE

VIRGINIA ELECTRICAL UTILITY RESTRUCTURING ACT

December 13, 2000

LEGISLATIVE PROPOSALS

• Functional Separation/ Default Service
• Consumer Advisory Board Low Income Energy Assistance Proposals

1. Individual Income Tax Deduction for Contributions to Energy Assistance Programs

2. Establishment of Low-Income Energy Assistance Program

3. Neighborhood Assistance Act Tax Credits for Businesses Contributing to Home Energy Assistance Fund

4. Income Tax Refund Check-Offs for Voluntary Contributions to Home Energy Assistance Fund

• Consumer Advisory Board Proposals for Energy Efficiency and Renewable Energy

1. Definition of Renewable Energy

2. Marketing of "Green Power"

3. Tax Credit for Investments in Solar Equipment

• Proposal for Clean and Efficient Energy Tax Incentives
• Proposals Submitted by Electric Cooperatives

1. "Gaming the System"

2. Optional Self-Regulation by Distribution Cooperatives

• Capped Rates for Municipalities
• State Corporation Commission Proposals

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