Natural gas utilities; recovery of funds for capital projects. (SB145)

Introduced By

Sen. Walter Stosch (R-Glen Allen)

Progress

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

Description

Natural gas utilities; recovery of capital costs. Establishes a mechanism for a natural gas utility to recover its reasonably incurred capital costs of acquiring, constructing, or enlarging certain natural gas facilities placed into service in the Commonwealth on or after July 1, 2008. These capital costs, which include an allowance for funds used during construction, shall be included in the utility's rate base for its next general rate case or performance-based regulation plan. Read the Bill »

Status

03/12/2008: Passed the General Assembly

History

DateAction
01/04/2008Prefiled and ordered printed; offered 01/09/08 084619332
01/04/2008Referred to Committee on Commerce and Labor
01/22/2008Assigned C&L sub: Utilities
02/04/2008Reported from Commerce and Labor with substitute (14-Y 0-N) (see vote tally)
02/05/2008Committee substitute printed 080141332-S1
02/05/2008Impact statement from SCC (SB145)
02/06/2008Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/07/2008Read second time
02/07/2008Reading of substitute waived
02/07/2008Committee substitute agreed to 080141332-S1
02/07/2008Engrossed by Senate - committee substitute SB145S1
02/08/2008Read third time and passed Senate (39-Y 0-N 1-A) (see vote tally)
02/08/2008Communicated to House
02/13/2008Placed on Calendar
02/13/2008Read first time
02/13/2008Referred to Committee on Commerce and Labor
02/13/2008Impact statement from SCC (SB145S1)
02/14/2008Assigned C & L sub: 2
02/14/2008Assigned C & L sub: 1
02/28/2008Reported from Commerce and Labor with substitute (19-Y 1-N) (see vote tally)
02/28/2008Reported from Commerce and Labor with substitute (20-Y 1-N)
02/29/2008Committee substitute printed 089571332-H1
03/03/2008Read second time
03/04/2008Read third time
03/04/2008Committee substitute agreed to 089571332-H1
03/04/2008Engrossed by House - committee substitute SB145H1
03/04/2008Passed House with substitute (94-Y 4-N)
03/04/2008VOTE: --- PASSAGE (94-Y 4-N) (see vote tally)
03/04/2008Reconsideration of House passage agreed to by House
03/04/2008Passed House with substitute (91-Y 7-N)
03/04/2008VOTE: --- PASSAGE #2 (91-Y 7-N)
03/05/2008House substitute agreed to by Senate (39-Y 0-N 1-A)
03/06/2008Impact statement from SCC (SB145H1)
03/08/2008Enrolled
03/08/2008Bill text as passed Senate and House (SB145ER)
03/08/2008Signed by Speaker
03/10/2008Impact statement from SCC (SB145ER)
03/11/2008Signed by President
03/12/2008Signed by Speaker
03/12/2008Signed by President
04/11/2008Governor's recommendation received by Senate