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DE SB65
Bill
Status
3/6/2025
Primary Sponsor
Gerald Hocker
Click for details
AI Summary
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Repeals Delaware's participation in the Regional Greenhouse Gas Initiative (RGGI), a multi-state CO2 emission trading program for electrical power plants over 25 megawatts
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Delaware has exceeded RGGI's original 10% CO2 reduction goal by 2019, achieving a 45% reduction in emissions
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Delaware ranks 46th nationally in GDP growth (only 3% over 5 years) while paying 13.4 cents per kWh for electricity, compared to the top 10 fastest-growing states averaging 18.6% GDP growth and 10.7 cents per kWh
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RGGI compliance costs are passed to consumers, increasing energy expenses for Delaware households and businesses
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Removes Subchapter II-A from Chapter 60, Title 7 of the Delaware Code, which governs the state's RGGI participation
Legislative Description
An Act To Amend Title 7 Of The Delaware Code Relating To Terminating The Regional Greenhouse Gas Initiative And Co2 Emission Trading Program.
Last Action
Introduced and Assigned to Environment, Energy & Transportation Committee in Senate
3/6/2025