Electric utilities; limit on increases in base rates. (HB477)

Introduced By

Sen. Bill Carrico (R-Grayson) with support from 6 copatrons, whose average partisan position is:

Those copatrons are Del. Joseph Johnson (D-Abingdon), Del. Danny Marshall (R-Danville), Del. Don Merricks (R-Danville), Del. Charles Poindexter (R-Glade Hill), Sen. Phil Puckett (D-Tazewell), Sen. Roscoe Reynolds (D-Martinsville)

Progress

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

Description

Electric utilities; limit on increases in base rates.  Limits any increase in the base rates charged by an investor-owned incumbent electric utility to five percent if the unemployment rate within the utility's service territory exceeds five percent. If this limitation would result in confiscatory rates, the State Corporation Commission may increase such base rates only by the amount that is required to avoid such confiscation. The measure applies to any base rate review initiated on or after July 1, 2010. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2010Committee
01/12/2010Prefiled and ordered printed; offered 01/13/10 10100695D
01/12/2010Referred to Committee on Commerce and Labor
01/15/2010Impact statement from SCC (HB477)
01/29/2010Assigned C & L sub: #3 Special Subcommittee on Energy
02/04/2010Tabled in Commerce and Labor