|Action||Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)|
|Comment Period||Ended on 3/31/2023|
Columbia Gas of Virginia submits these comments concerning the Proposed Regulation for the Amendment and Repeal of 9 VAC 5-140 Regulation for Emissions Trading (Proposed Repeal) for your consideration. Columbia Gas strongly supports the Proposed Repeal.
Environmental management and the making and moving of energy, products, and people are linked. Economic prosperity, environmental protection, business consumption and human health are interdependent necessities of the U.S. economy. Federal and state-administered climate programs and policies designed to address global warming should carefully balance these competing necessities by applying rigorous scientific and economic standards.
Columbia Gas’ large industrial customers are subject to air permitting requirements under 9 VAC 5-140 Regulation for Emissions Trading, commonly known as the Virginia Regional Greenhouse Gas Initiative (RGGI) Rule (the Rule), along with our electric utility customers. However, all of our customers have been affected by RGGI due to the costs it imposes upon Virginia electricity ratepayers. As such, we support the Youngkin Administration’s efforts to repeal 9 VAC 5-140 (RGGI) for the following reasons:
In closing, VCEA is the proper regulatory approach to mandating the reduction of CO2 emissions from the electric utility industry. RGGI is an additional tax that will make the cost of electricity more expensive and Virginia less competitive. Columbia Gas appreciates your consideration of these comments in support of the repeal.
President and COO
Columbia Gas of Virginia