Regional transmission organizations; repeals provisions requiring that electric utilities join. (HB3030)

Introduced By

Del. Bob Marshall (R-Manassas) with support from co-patrons Del. Mark Cole (R-Fredericksburg), and Del. Michele McQuigg (R-Occoquan)

Description

Electrical transmission facilities; regional transmission organizations. Repeals provisions relating to the current requirement that Virginia's electric utilities join a regional transmission organization. The measure directs the State Corporation Commission and Office of the Attorney General to institute proceedings at the Federal Energy Regulatory Commission to obtain all necessary federal approvals to accomplish the withdrawal of Virginia's electric utilities from membership in any regional transmission organization. The measure also authorizes a locality in or adjacent to the Eighth Planning District to enter into an agreement with an electric utility that has proposed an overhead transmission line of 450 kV or more whereby the utility will construct the line underground and the additional cost of underground installation will be paid by the locality. The locality is authorized to create a special rate district and assess its customers in the special rate district a tax to recover its payments to the electric utility. The locality is further authorized to create a stock corporation to which the electric utility is required to distribute shares of its capital stock with a value equal to the additional cost of the underground installation. Read the Bill »

Outcome

History