Steps to Advance Virginia's Energy Plan (SAVE) Act; created. (HB533)

Introduced By

Del. Sam Nixon (R-Richmond)

Progress

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

Description

Natural gas utilities; cost recovery for certain infrastructure improvement costs.  Authorizes investor-owned natural gas utilities to petition the State Corporation Commission to implement a separate rider that will allow for recovery of certain costs associated with eligible infrastructure replacement projects. Eligible infrastructure replacement projects are projects that: (i) enhance safety or reliability by reducing system integrity risks associated with customer outages, corrosion, equipment failures, material failures, natural forces or other outside force damage; (ii) do not increase revenues by directly connecting the infrastructure replacement to new customers; (iii) reduce or have the potential to avoid greenhouse gas emissions; and (iv) are not included in the natural gas utility's rate base in its most recent rate case. The costs recoverable from an eligible infrastructure replacement project include a return on the investment, depreciation, property taxes, and carrying costs on the over- or under-recovery of the eligible infrastructure replacement costs. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2010Committee
01/12/2010Prefiled and ordered printed; offered 01/13/10 10103775D
01/12/2010Referred to Committee on Commerce and Labor
01/15/2010Impact statement from SCC (HB533)
01/21/2010Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/25/2010Read first time
01/26/2010Read second time and engrossed
01/27/2010Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/27/2010VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/28/2010Constitutional reading dispensed
01/28/2010Referred to Committee on Commerce and Labor
02/22/2010Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally)
02/22/2010Committee substitute printed 10105452D-S1
02/24/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/25/2010Read third time
02/25/2010Reading of substitute waived
02/25/2010Committee substitute agreed to 10105452D-S1
02/25/2010Engrossed by Senate - committee substitute HB533S1
02/25/2010Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/26/2010Placed on Calendar
03/01/2010Senate substitute agreed to by House 10105452D-S1 (99-Y 0-N)
03/01/2010VOTE: --- ADOPTION (99-Y 0-N) (see vote tally)
03/02/2010Impact statement from SCC (HB533S1)
03/09/2010Enrolled
03/09/2010Bill text as passed House and Senate (HB533ER)
03/09/2010Signed by Speaker
03/11/2010Impact statement from SCC (HB533ER)
03/11/2010Signed by President
04/11/2010G Approved by Governor-Chapter 514 (effective 7/1/10)
04/11/2010G Acts of Assembly Chapter text (CHAP0514)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.