Electric utility rates; margins from off-system sales. (SB21)
Introduced By
Sen. Roscoe Reynolds (D-Martinsville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Electric utility rates; margins from off-system sales. Eliminates the requirement that 75 percent of the total annual margins from an electric utility's off-system sales of power be credited against the utility's fuel factor expenses, in the absence of a finding by clear and convincing evidence that a smaller percentage is in the public interest. The measure provides that the State Corporation Commission shall determine the percentage of such margins to be credited against fuel factor expenses that is in the public interest. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 12/12/2007 | Prefiled and ordered printed; offered 01/09/08 080023316 |
| 12/12/2007 | Referred to Committee on Commerce and Labor |
| 02/04/2008 | Left in Commerce and Labor |
| 02/04/2008 | Impact statement from SCC (SB21) |