Electric utilities; resource planning. (HB1523)

Introduced By

Del. Bobby Orrock (R-Thornburg)

Progress

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

Description

Electric utility planning. Requires investor-owned electric utilities and electric cooperatives to submit, by January 1, 2009, a procurement plan that sets forth how it intends to meet its obligation to provide electric generation supply for its customers over the next 20 years. The procurement plan shall integrate, over the term of the plan, the electric utility's forecast of demand with actions to meet the forecasted demand, and identify a portfolio of electric generation supply resources that is likely to provide the electric generation supply needed to meet the forecasted demand at the lowest total price with reasonable price stability so as to assure just and reasonable prices. Updated procurement plans will be filed every two years thereafter. State Corporation Commission approval of a procurement plan is required. The measure also restricts requirements that residential customers use advanced metering technologies. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/18/2008Committee
01/18/2008Presented and ordered printed 084793588
01/18/2008Referred to Committee on Commerce and Labor
01/25/2008Assigned C & L sub: 3 Energy
02/07/2008Reported from Commerce and Labor with substitute (22-Y 0-N) (see vote tally)
02/08/2008Committee substitute printed 080191672-H1
02/09/2008Read first time
02/11/2008Read second time
02/11/2008Committee substitute agreed to 080191672-H1
02/11/2008Engrossed by House - committee substitute HB1523H1
02/12/2008Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/12/2008VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/12/2008Communicated to Senate
02/13/2008Constitutional reading dispensed
02/13/2008Referred to Committee on Commerce and Labor
02/15/2008Impact statement from SCC (HB1523H1)
02/25/2008Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/27/2008Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/28/2008Read third time
02/28/2008Passed Senate (40-Y 0-N)
03/03/2008Enrolled
03/03/2008Bill text as passed House and Senate (HB1523ER)
03/03/2008Impact statement from SCC (HB1523ER)
03/04/2008Signed by Speaker
03/04/2008Signed by President
03/12/2008G Approved by Governor-Chapter 603 (effective 7/1/08)
03/18/2008G Acts of Assembly Chapter text (CHAP0603)

Duplicate Bills

The following bills are identical to this one: SB311.

Comments

Virginia ITSP Association, tracking this bill in Photosynthesis, notes:

Requires investor-owned electric utilities and electric cooperatives to submit, by January 1, 2009, a procurement plan that sets forth how it intends to meet its obligation to provide electric generation supply for its customers over the next 20 years. The procurement plan shall integrate, over the term of the plan, the electric utility's forecast of demand with actions to meet the forecasted demand, and identify a portfolio of electric generation supply resources that is likely to provide the electric generation supply needed to meet the forecasted demand at the lowest total price with reasonable price stability so as to assure just and reasonable prices. Updated procurement plans will be filed every two years thereafter.

Mary Martin writes:

Would have loved to see SB 93 move forward but it didn't.However when the patron of the bill does not lobby their fellow Senate members to help with it, it is doomed from the start. From my conversations with some members of the Senate there was very little if any discussion of this bill. This is the one thing left concerning the outrageous electric bills consumers in Southside Virginia are being saddled with. It is not what is needed to fix the major blunder at the 2007 session with the deregulation, it is better than nothing. We have citizens here with light bills as high as their house payments! Seniors get a 2.5% raise and the light bill goes up 12%! I am not a math whiz by any means, but this isn't cutting it!