Electric utilities; SCC to establish procedures regarding refunds of moneys collected. (HB2519)

Introduced By

Del. Bud Phillips (D-Castlewood) with support from co-patrons Del. Terry Kilgore (R-Gate City), and Sen. Bill Carrico (R-Grayson)

Progress

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

Description

Electric utilities; over-recovery of fuel costs. Requires the State Corporation Commission (SCC) to establish procedures regarding refunds by electric utilities of moneys collected from fuel cost tariffs in excess of actual fuel costs. The measure directs the SCC to continuously review fuel costs of all electric utilities and, if the SCC finds that a utility is in an over-recovery position, or likely to be so, to reduce the fuel cost tariffs to correct the over-recovery or require the utility to refund over-recoveries to customers. Currently, the SCC is authorized to review the fuel costs only of those utilities not bound by a rate case settlement that extended in its application beyond January 1, 2002, and if it finds that such a utility is in an over-recovery position, or likely to be so, the SCC is authorized to reduce its fuel cost tariffs to correct the over-recovery. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/16/2009Committee
01/16/2009Presented and ordered printed 098732680
01/16/2009Referred to Committee on Commerce and Labor
01/26/2009Assigned C & L sub: 3 Energy
02/02/2009Impact statement from SCC (HB2519)
02/05/2009Reported from Commerce and Labor with substitute (21-Y 0-N) (see vote tally)
02/05/2009Committee substitute printed 090217680-H1
02/08/2009Read first time
02/09/2009Read second time
02/09/2009Committee substitute agreed to 090217680-H1
02/09/2009Engrossed by House - committee substitute HB2519H1
02/10/2009Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/10/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/10/2009Reconsideration of passage agreed to by House
02/10/2009Passed House BLOCK VOTE (99-Y 0-N)
02/10/2009VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/11/2009Constitutional reading dispensed
02/11/2009Referred to Committee on Commerce and Labor
02/12/2009Impact statement from SCC (HB2519H1)
02/23/2009Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/24/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/25/2009Read third time
02/25/2009Passed Senate (40-Y 0-N) (see vote tally)
03/04/2009Enrolled
03/04/2009Bill text as passed House and Senate (HB2519ER)
03/05/2009Impact statement from SCC (HB2519ER)
03/05/2009Signed by President
03/06/2009Signed by Speaker
03/27/2009G Approved by Governor-Chapter 244 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0244)