Gas utilities; performance-based regulation. (SB380)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Gas utilities; performance-based regulation. Provides that performance-based ratemaking of a gas utility may include fixed or capped rates and reduction or elimination of regulatory requirements, in addition to existing elements. A performance-based ratemaking methodology for a gas utility means a method of establishing rates and charges that are in the public interest and that departs from cost-of-service ratemaking methodology. In deciding whether to approve a request for such methodology, the State Corporation Commission shall include, but not be limited to, in its consideration, measures that are reasonably estimated to preserve or improve system reliability, safety, supply diversity, and transportation options, and other customer benefits that are reasonably estimated to accrue from the proposal. The measure does not apply to plans for performance-based regulation pending on January 1, 2006. Amends § 56-235.6, of the Code of Virginia. Read the Bill »

Status

04/05/2006: signed by governor

History

DateAction
01/11/2006Prefiled and ordered printed; offered 01/11/06 062650820
01/11/2006Referred to Committee on Commerce and Labor
01/18/2006Fiscal impact statement from SCC (SB380)
02/13/2006Committee substitute printed 062765766-S1
02/13/2006Reported from Commerce and Labor with substitute (12-Y 0-N 3-A)
02/14/2006Read second time
02/14/2006Reading of substitute waived
02/14/2006Committee substitute agreed to 062765766-S1
02/14/2006Engrossed by Senate - committee substitute SB380S1
02/14/2006Constitutional reading dispensed (40-Y 0-N)
02/14/2006VOTE: (40-Y 0-N)
02/14/2006Passed Senate (36-A 0-N 4-A)
02/14/2006VOTE: (36-Y 0-N 4-A)
02/14/2006Communicated to House
02/15/2006Placed on Calendar
02/15/2006Read first time
02/15/2006Referred to Committee on Commerce and Labor
02/17/2006Fiscal impact statement from SCC (SB380S1)
02/28/2006Reported from Commerce and Labor with amendments (22-Y 0-N)
03/02/2006Read second time
03/03/2006Passed by for the day
03/06/2006Read third time
03/06/2006Committee amendments agreed to
03/06/2006Engrossed by House as amended
03/06/2006Passed House with amendments BLOCK VOTE (99-Y 0-N)
03/06/2006VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
03/08/2006House amendments agreed to by Senate (38-Y 0-N 2-A)
03/08/2006VOTE: (38-Y 0-N 2-A)
03/15/2006Bill text as passed Senate and House (SB380ER)
03/15/2006Enrolled
03/15/2006Signed by Speaker
03/16/2006Signed by President
03/20/2006Fiscal impact statement from SCC (SB380ER)
04/05/2006G Approved by Governor-Chapter 574 (effective 7/1/06)
04/12/2006G Acts of Assembly Chapter text (CHAP0574)