Electric utility regulation; recovery of costs of new underground distribution facilities. (SB585)
Introduced By
Sen. Dick Saslaw (D-Springfield) with support from 9 copatrons, whose average partisan position is:
Those copatrons are Sen. Janet Howell (D-Reston), Sen. Don McEachin (D-Richmond), Sen. Jeff McWaters (R-Virginia Beach), Sen. Tommy Norment (R-Williamsburg), Sen. Ralph Northam (D-Norfolk), Sen. Walter Stosch (R-Glen Allen), Sen. Richard Stuart (R-Westmoreland), Sen. Jill Holtzman Vogel (R-Winchester), Sen. John Watkins (R-Midlothian)
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
History
Date | Action |
---|---|
01/10/2014 | Presented and ordered printed 14101925D |
01/10/2014 | Referred to Committee on Commerce and Labor |
01/23/2014 | Impact statement from SCC (SB585) |
01/27/2014 | Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally) |
01/27/2014 | Committee substitute printed 14104129D-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 14104129D-S1 |
01/30/2014 | Engrossed by Senate - committee substitute SB585S1 |
01/31/2014 | Read third time and passed Senate (39-Y 1-N) |
02/04/2014 | Impact statement from SCC (SB585S1) |
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 (18-Y 2-N) (see vote tally) |
02/20/2014 | Read second time |
02/21/2014 | Passed by for the day |
02/24/2014 | Read third time |
02/24/2014 | Passed House (86-Y 10-N 3-A) |
02/24/2014 | VOTE: PASSAGE (86-Y 10-N 3-A) (see vote tally) |
02/26/2014 | Enrolled |
02/26/2014 | Bill text as passed Senate and House (SB585ER) |
02/26/2014 | Signed by Speaker |
02/27/2014 | Impact statement from SCC (SB585ER) |
02/28/2014 | Signed by President |
04/03/2014 | G Approved by Governor-Chapter 548 (effective 7/1/14) |
04/03/2014 | G Acts of Assembly Chapter text (CHAP0548) |
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 5 minutes.