Electric Utility Restructuring Act; repeals certain provisions. (SB93)

Introduced By

Sen. Roscoe Reynolds (D-Martinsville)

Progress

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

Description

Electric utility restructuring. Repeals provisions of the Electric Utility Restructuring Act that established parameters for the rate of return to be earned by certain electric utilities, recovery of certain expenses, and incentives for constructing new generation facilities and meeting voluntary renewable energy targets. The measure reinstitutes traditional cost-of-service ratemaking principles for such utilities, effective January 1, 2009. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/26/2007Prefiled and ordered printed; offered 01/09/08 087860316
12/26/2007Referred to Committee on Commerce and Labor
01/16/2008Impact statement from SCC (SB93)
02/04/2008Left in Commerce and Labor