Natural gas utilities; investments in qualifying projects. (HB1799)
Introduced By
Sen. Lynwood Lewis (D-Accomac)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Natural gas utilities; investments in qualifying projects. Exempts any natural gas utility that serves fewer than 1,000 residential customer and fewer than 250 commercial and industrial customers from the cap on the amount of investments in qualifying projects a natural gas utility may make. Under current law, a natural gas utility's annual investments in qualifying projects shall not exceed one percent of the utility's net plant investment that was used to establish base rates in its most recent rate case. Legislation enacted in 2012 established a mechanism for natural gas utilities to recover the costs of a qualifying project. A qualifying project is an economic development project for which, among other things, the utility has received a binding commitment from the developer or occupant of the proposed project regarding capacity or a financial guaranty from the developer or state or local government in the amount of at least 50 percent of the estimated investment to be made in the proposed project. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/08/2013 | Committee |
01/08/2013 | Prefiled and ordered printed; offered 01/09/13 13100919D |
01/08/2013 | Referred to Committee on Commerce and Labor |
01/12/2013 | Impact statement from SCC (HB1799) |
01/15/2013 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
01/17/2013 | Read first time |
01/18/2013 | Read first time |
01/18/2013 | Read second time and engrossed |
01/21/2013 | Read third time and passed House BLOCK VOTE (87-Y 0-N) |
01/21/2013 | VOTE: BLOCK VOTE PASSAGE (87-Y 0-N) (see vote tally) |
01/22/2013 | Constitutional reading dispensed |
01/22/2013 | Referred to Committee on Commerce and Labor |
02/11/2013 | Reported from Commerce and Labor (14-Y 0-N) (see vote tally) |
02/13/2013 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/14/2013 | Read third time |
02/14/2013 | Passed Senate (40-Y 0-N) (see vote tally) |
02/20/2013 | Enrolled |
02/20/2013 | Bill text as passed House and Senate (HB1799ER) |
02/20/2013 | Signed by Speaker |
02/20/2013 | Signed by President |
02/21/2013 | Impact statement from SCC (HB1799ER) |
03/13/2013 | G Approved by Governor-Chapter 284 (effective 7/1/13) |
03/13/2013 | G Acts of Assembly Chapter text (CHAP0284) |