Electric utility regulation; recovery of nuclear costs, rate adjustment clauses. (SB459)
Introduced By
Sen. Walter Stosch (R-Glen Allen)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Electric utility regulation; recovery of nuclear refueling costs. Requires an electric utility to establish a regulatory asset for regulatory accounting and ratemaking purposes under which it shall defer operation and maintenance costs incurred in connection with the refueling of any nuclear-powered generating plant and certain related work. These deferred O&M costs shall be amortized over the refueling cycle, but in no case for more than 18 months. The State Corporation Commission is required to treat the deferred and amortized costs of such regulatory asset as part of the utility's costs for the purpose of certain proceedings. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/07/2014 | Prefiled and ordered printed; offered 01/08/14 14102198D |
01/07/2014 | Referred to Committee on Commerce and Labor |
01/14/2014 | Impact statement from SCC (SB459) |
01/23/2014 | Impact statement from SCC (SB459) |
01/27/2014 | Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally) |
01/27/2014 | Committee substitute printed 14104492D-S1 |
01/29/2014 | Constitutional reading dispensed (40-Y 0-N) |
01/30/2014 | Read second time |
01/30/2014 | Reading of substitute waived |
01/30/2014 | Committee substitute agreed to 14104492D-S1 |
01/30/2014 | Engrossed by Senate - committee substitute SB459S1 |
01/31/2014 | Read third time and passed Senate (40-Y 0-N) |
02/03/2014 | Impact statement from SCC (SB459S1) |
02/07/2014 | Placed on Calendar |
02/07/2014 | Read first time |
02/07/2014 | Referred to Committee on Commerce and Labor |
02/18/2014 | Reported from Commerce and Labor with substitute (18-Y 1-N) (see vote tally) |
02/18/2014 | Committee substitute printed 14105031D-H1 |
02/20/2014 | Read second time |
02/21/2014 | Passed by for the day |
02/24/2014 | Read third time |
02/24/2014 | Committee substitute agreed to 14105031D-H1 |
02/24/2014 | Engrossed by House - committee substitute SB459H1 |
02/24/2014 | Passed House with substitute (74-Y 21-N 3-A) |
02/24/2014 | VOTE: PASSAGE (74-Y 21-N 3-A) (see vote tally) |
02/25/2014 | Impact statement from SCC (SB459H1) |
02/26/2014 | House substitute agreed to by Senate (32-Y 6-N 1-A) |
02/26/2014 | Reconsideration of House substitute agreed to by Senate (39-Y 0-N) |
02/26/2014 | House substitute agreed to by Senate (31-Y 8-N) |
02/26/2014 | Title replaced 14105031D-H1 |
02/28/2014 | Enrolled |
02/28/2014 | Bill text as passed Senate and House (SB459ER) |
02/28/2014 | Impact statement from SCC (SB459ER) |
03/03/2014 | Signed by Speaker |
03/03/2014 | Signed by President |
04/03/2014 | G Approved by Governor-Chapter 541 (effective 7/1/14) |
04/03/2014 | G Acts of Assembly Chapter text (CHAP0541) |
Comments
Virginians want safe clean renewable energy sources.
NO to a third nuclear reactor at North Anna on the fault line.
We already have enough highly radioactive nuclear waste,that will remain dangerous and toxic for thousands of years, with NO where to go.
We need to STOP making more of this waste and move away from nuclear energy!!!
Keep the ban on nuclear energy. Join the 21st century with clean renewable energy. Solar energy is the safe, healthy alternative, and there is no reason to continue the hazards of radioactive nuclear waste or nuclear plant accidents such as that in Fukishima, Japan. Remember Hiroshima, Chernoble, and Three Mile Island. Why exploit the people and environment of the Commonwealth with unnecessary danger such as nuclear reactors on an earthquake fault line? Taxpayer money should NEVER be used to support or subsidize this dangerous industry, nor should our representatives in government take any actions to further nuclear mining or creation or importation of nuclear waste.
What ban on nuclear energy?
I meant to say:
https://www.facebook.com/KeepTheBan
https://www.facebook.com/KeepTheBan refers to keeping the ban on uranium mining, not nuclear energy per se.
Outrageous! This bill is asking us to prepay for North Anna unit 3.
http://www.youtube.com/playlist?list=PL_kG76Xcvg_YrFgnZWrXE8E8Ptk0cvWzD
1/30/14 Fukushima task force recommendations hearing.
Nuclear Regulatory Commission (NRC) commissioners testified on efforts to implement the Fukushima Near-Term Task Force recommendations. The task force, formed in reaction to the nuclear power plant failure after Japan’s 2011 9.0 magnitude earthquake and subsequent tsunami, released a series of recommendations on nuclear energy safeguards. They include requiring licensees to upgrade plants to protect against earthquakes or other natural disasters. Facilities must also have detailed emergency plans for long-term black outs at nuclear power plants.
http://www.c-span.org/video/?317500-1/Fukushi
1/31/14
Nuclear power project financing option sticks ratepayers with tab
http://archive.indystar.com/article/20140201/NEWS/302010013/1001/NEWS
12/1/14 Proposed utility law could have big impact
Measure offers benefits for Va. Power; opponents cite costs, effect on SCC
http://www.timesdispatch.com/business/energy/proposed-utility-law-could-have-big-impact/article_cc13dfaf-dd41-5dc9-846b-880e3ab0547a.html
Why are a few being allowed to decide what energy source we as Virginians want to pay for and what risks are we willing to take?
Let's not forget, North Anna nuclear power plant is on a faultline, it's two reactors already there had their design basis exceeded by the earthquake back in 2011.
No one is talking about the cost of securing the toxic(for thousands of years)nuclear waste we will be stuck with,on site.