Utility Transfers Act; prohibits SCC from approving an application by an investor-owned elec. util. (HB666)

Introduced By

Del. Bob Marshall (R-Manassas)

Progress

√
 Introduced
X
 Passed Committee
☐
 Passed House
☐
 Passed Senate
☐
 Signed by Governor
☐
 Became Law

Description

Utility Transfers Act; investor-owned electric utilities. Prohibits the State Corporation Commission from approving an application by an investor-owned electric utility that was, as of July 1, 1999, bound by a rate case settlement adopted by the Commission that extended in its application beyond January 1, 2002, for authority to acquire assets or securities of an electric utility that divested its generation assets with approval of the Commission pursuant to 56-590 prior to January 1, 2002, if the acquisition is likely to result in an increase in the rates of any investor-owned electric utility. Amends § 56-90, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 01/08/2008 Committee
  • 01/08/2008 Prefiled and ordered printed; offered 01/09/08 080059616
  • 01/08/2008 Referred to Committee on Commerce and Labor
  • 02/05/2008 Impact statement from SCC (HB666)
  • 02/12/2008 Left in Commerce and Labor

Comments

Waldo Jaquith writes:

Let's play name that utility.

Posted 65 months ago.