Low-income residential customers; investor-owned electric utilities to offer reduced rates. (HB2107)
Introduced By
Del. Ward Armstrong (D-Martinsville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Reduced electricity rates for low-income residential customers; tax credit. Requires investor-owned electric utilities to offer eligible residential customers a reduced rate for electric service during December through April of each year. The reduced rate is 20 percent less than the rate that would be applicable to the customer if the customer was ineligible for the special rate. To be eligible for the special rate, a customer must be receiving (i) supplemental security income, (ii) aid to families with dependent children, (iii) aid to families with dependent childrenunemployed, or (iv) food stamps, if the food stamp recipients are 60 years of age or older. The State Corporation Commission is required to certify each utility's revenue deficiency resulting from the special reduced rates, and the utility will receive an income tax credit calculated at 1.45 percent of the revenue deficiency. The Department of Social Services is required to adopt regulations establishing procedures to inform persons about the availability of the special reduced rates, assist applicants for the special reduced rates in proving their eligibility therefor, and assist utilities in determining the eligibility of persons for such rates. The Commission and the Department are required to adopt temporary emergency regulations implementing the program by October 1, 2011. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2011 | Committee |
01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11102668D |
01/12/2011 | Referred to Committee on Commerce and Labor |
01/17/2011 | Assigned C & L sub: #3 Special Subcommittee on Energy |
01/25/2011 | Subcommittee recommends reporting (13-Y 0-N) |
01/25/2011 | Subcommittee recommends referring to Committee on Finance |
01/27/2011 | Impact statement from DPB (HB2107) |
01/27/2011 | Referred from Commerce and Labor |
01/27/2011 | Referred to Committee on Finance |
01/28/2011 | Assigned Finance sub: #1 |
01/31/2011 | Impact statement from DPB (HB2107) |
01/31/2011 | Subcommittee recommends reporting with amendment(s) (6-Y 5-N) |
02/02/2011 | Passed by in Finance with letter |