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