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

DateAction
12/12/2007Prefiled and ordered printed; offered 01/09/08 080023316
12/12/2007Referred to Committee on Commerce and Labor
02/04/2008Left in Commerce and Labor
02/04/2008Impact statement from SCC (SB21)