Natural gas utilities; alternative ratemaking plan, report. (HB543)

Introduced By

Del. Sam Nixon (R-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Natural gas utilities; alternative ratemaking plan. Authorizes any natural gas utility to file a conservation and ratemaking efficiency plan that includes (i) a normalization component that removes the effect of weather from the determination of conservation and energy efficiency results and (ii) a mechanism that decouples the recovery of a utility's allowed distribution revenue from the level of consumption of natural gas by its customers. Such plans may include one or more residential, small commercial, or small general service classes, but shall not apply to large commercial or large industrial customer classes. The State Corporation Commission (SCC) is required to allow a utility that implements a plan to recover, through its regulated rates, its costs, together with a return thereon, associated with cost-effective conservation and energy efficiency programs. Utilities that demonstrate certain reductions in annualized, weather-normalized usage per customer, will receive an incentive of 10 percent of the net realized commodity savings. The SCC is prohibited from reducing a utility's profit as a result of the implementation of a natural gas conservation and ratemaking efficiency plan. The SCC shall consider authorizing a greater profit when a natural gas conservation and ratemaking efficiency plan is implemented in conjunction with a cost-of-service rate case or a performance-based regulation plan. Read the Bill »


Bill Has Passed


01/07/2008Prefiled and ordered printed; offered 01/09/08 080113656
01/07/2008Referred to Committee on Commerce and Labor
01/24/2008Reported from Commerce and Labor with substitute (22-Y 0-N) (see vote tally)
01/25/2008Committee substitute printed 080147656-H1
01/28/2008Read first time
01/29/2008Read second time
01/29/2008Committee substitute agreed to 080147656-H1
01/29/2008Passed by for the day
01/30/2008Read second time
01/30/2008Engrossed by House - committee substitute HB543H1
01/31/2008Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/31/2008VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/31/2008Communicated to Senate
02/01/2008Constitutional reading dispensed
02/01/2008Referred to Committee on Commerce and Labor
02/04/2008Impact statement from SCC (HB543H1)
02/05/2008Impact statement from SCC (HB543H1)
02/19/2008Assigned C&L sub: Utilities
02/25/2008Reported from Commerce and Labor with substitute (14-Y 0-N 1-A)
02/26/2008Committee substitute printed 089564656-S1
02/27/2008Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/28/2008Read third time
02/28/2008Reading of substitute waived
02/28/2008Committee substitute agreed to 089564656-S1
02/28/2008Engrossed by Senate - committee substitute HB543S1
02/28/2008Passed Senate with substitute (39-Y 0-N 1-A)
02/29/2008Placed on Calendar
03/03/2008Senate substitute agreed to by House 089564656-S1 (100-Y 0-N)
03/03/2008VOTE: --- ADOPTION (100-Y 0-N)
03/05/2008Bill text as passed House and Senate (HB543ER)
03/05/2008Impact statement from SCC (HB543ER)
03/05/2008Impact statement from SCC (HB543S1)
03/05/2008Signed by Speaker
03/06/2008Signed by President
03/12/2008Governor's recommendation received by House
03/12/2008Placed on Calendar
03/13/2008House concurred in Governor's recommendation (97-Y 0-N)
03/13/2008VOTE: --- ADOPTION (97-Y 0-N)
03/13/2008Senate concurred in Governor's recommendation (39-Y 0-N 1-A)
03/13/2008G Governor's recommendation adopted
03/13/2008Reenrolled bill text (HB543ER2)
03/13/2008G Approved by Governor-Chapter 639 (effective 7/1/08)
03/13/2008Signed by Speaker as reenrolled
03/13/2008Signed by President as reenrolled
03/13/2008Enacted, Chapter 639 (effective 7/1/08)
03/14/2008G Approved by Governor-Chapter 639 (effective 7/1/08)
03/18/2008G Acts of Assembly Chapter text (CHAP0639)


Va. Conservation Network, tracking this bill in Photosynthesis, notes:

Energy - Support