Electric utility regulation; recovery of costs of new underground distribution facilities. (HB848)

Introduced By

Del. Manoli Loupassi (R-Richmond) with support from 19 copatrons, whose average partisan position is:

Those copatrons are Del. Dave Albo (R-Springfield), Del. Bob Brink (D-Arlington), Del. Eileen Filler-Corn (D-Fairfax Station), Del. Charniele Herring (D-Alexandria), Del. Algie Howell (D-Norfolk), Del. Matthew James (D-Portsmouth), Del. Kaye Kory (D-Falls Church), Del. Rob Krupicka (D-Alexandria), Del. Alfonso Lopez (D-Arlington), Del. Ken Plum (D-Reston), Del. Roxann Robinson (R-Chesterfield), Del. Tom Rust (R-Herndon), Del. Mark Sickles (D-Alexandria), Del. Marcus Simon (D-Falls Church), Del. David Toscano (D-Charlottesville), Del. Vivian Watts (D-Annandale), Sen. Roz Dance (D-Petersburg), Sen. Lionell Spruill (D-Chesapeake), Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

Electric utility regulation; recovery of costs of new underground distribution facilities. Authorizes investor-owned electric utilities to recover the costs of new underground distribution facilities through a rate adjustment clause. Eligible facilities will replace existing overhead distribution facilities of 69 kilovolts or less. A utility shall not seek any annual incremental increase in the level of investments in such facilities that exceeds five percent of the utility's distribution rate base. In determining whether to approve a rate adjustment clause for such facilities, the State Corporation Commission is directed to liberally construe the provisions of Title 56 and to give due consideration to the public policy goals of increased electric service reliability and reduced outage times associated with the replacement of existing overhead distribution facilities with new underground facilities. None of the costs of such new facilities shall be allocated to customers in the large general service rate class. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2014Committee
01/08/2014Prefiled and ordered printed; offered 01/08/14 14102014D
01/08/2014Referred to Committee on Commerce and Labor
01/16/2014Reported from Commerce and Labor with amendments (20-Y 0-N) (see vote tally)
01/20/2014Read first time
01/21/2014Read second time
01/21/2014Committee amendments agreed to
01/21/2014Engrossed by House as amended HB848E
01/21/2014Printed as engrossed 14102014D-E
01/22/2014Passed by for the day
01/23/2014Read third time and passed House (95-Y 1-N 1-A)
01/23/2014VOTE: PASSAGE (95-Y 1-N 1-A) (see vote tally)
01/23/2014Impact statement from SCC (HB848)
01/24/2014Constitutional reading dispensed
01/24/2014Referred to Committee on Commerce and Labor
01/27/2014Impact statement from SCC (HB848E)
02/17/2014Reported from Commerce and Labor (16-Y 0-N) (see vote tally)
02/19/2014Constitutional reading dispensed (40-Y 0-N)
02/20/2014Read third time
02/20/2014Passed Senate (40-Y 0-N)
02/24/2014Enrolled
02/24/2014Bill text as passed House and Senate (HB848ER)
02/24/2014Signed by Speaker
02/25/2014Impact statement from SCC (HB848ER)
02/26/2014Signed by President
03/07/2014G Approved by Governor-Chapter 212 (effective 7/1/14)
03/07/2014G Acts of Assembly Chapter text (CHAP0212)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.

Duplicate Bills

The following bills are identical to this one: SB585.