In three months, the Virginia Department of Transportation will release the results from the fifth round of Smart Scale, the major avenue through which projects related to roads and sidewalks are funded.
“We are in Smart Scale season,” said John Lawson, Virginia’s deputy transportation secretary. “Everybody will be wondering how much money will be available for this round and for many reasons it is to be determined.”
The State Corporation Commission acted lawfully when it approved a request from the Virginia Electric and Power Company to add a surcharge to utility bills to cover the costs of purchasing carbon allowances in Regional Greenhouse Gas Initiative auctions. That’s according to an opinion yesterday by the Virginia Supreme Court.
“Though highly complex in its details, the [Carbon Dioxide] Budget Trading Program relies on a basic economic thesis: CO2 emissions can be reduced over time by making those responsible for them pay for the right to emit,” reads the opinion by Justice D. Arthur Kelsey.