Investor-owned electric utilities; rate of return. (HB1027)

Introduced By

Del. Albert Pollard (D-Lively) with support from co-patrons Sen. Chap Petersen (D-Fairfax), and Sen. Richard Stuart (R-Westmoreland)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Electric utility rates; added returns.  Eliminates provisions of the Virginia Electric Utility Regulation Act that authorize investor-owned electric utilities to earn added basis points and other performance incentives that would increase the utility's fair combined rate of return on common equity above the rate determined by the Commission in biennial rate review proceedings. Currently, such utilities are authorized to return performance incentives and enhanced rates of return on common equity if they satisfy performance standards, make certain investments in generation facilities, and successfully participate in a renewable energy program. Read the Bill »


Bill Has Failed


01/13/2010Prefiled and ordered printed; offered 01/13/10 10101489D
01/13/2010Referred to Committee on Commerce and Labor
01/20/2010Impact statement from SCC (HB1027)
01/29/2010Assigned C & L sub: #3 Special Subcommittee on Energy
02/09/2010Subcommittee recommends laying on the table (11-Y 1-N)
02/16/2010Left in Commerce and Labor