Wednesday, July 9, 2008
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HB665: Utility Transfers Act; SCC to find that acquisition will not cause rates of cooperative to increase.
Chief Patron
Del.
Bob Marshall (R-13)
Bob Marshall
(R-13)
Manassas, VA
Served: 1992–
Progress
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Introduced |
 |
Passed Committee |
 |
Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
02/12/2008: Failed to Pass in Committee
Summary
Utility Transfers Act; cooperatives to be held harmless. Requires the State Corporation Commission to find, prior to approving a distribution cooperative's application for approval of the acquisition of another utility, that the acquisition will not cause the rates of another distribution cooperative to increase. However, the Commission may approve the application if the petitioning cooperative agrees to hold harmless the other cooperatives from any increase in rates. In addition, the measure authorizes the Commission to adjust the rates of a distribution cooperative that received approval of an acquisition between July 1, 2007, and July 1, 2008, to provide for the collection of contributions sufficient to hold the other distribution cooperatives harmless for cost increases resulting from the approval of the application.
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Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/05/2008 and 02/12/2008.
Poll Results
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Tags
Bill Text
Related Bills
Status: Passed the Senate
Status: In Committee
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
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