Natural gas utilities; qualified projects, investments in eligible infrastructure. (SB1289)
Introduced By
Sen. Ben Chafin (R-Lebanon) with support from co-patron Sen. Bill Carrico (R-Grayson)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
✓ |
Became Law |
Description
Qualified projects of natural gas utilities. Exempts any natural gas utility serving fewer than 2,000 residential customers and fewer than 350 commercial and industrial customers in the year in which the utility makes an investment for qualifying projects from the provision that limits the amount of investment that a natural gas utility may make in qualifying projects to one percent of its net plant investment that was used in establishing base rates in its most recent rate case. The existing exemption to the one percent cap was enacted in 2013 and applies to any natural gas utility serving fewer than 1,000 residential customers and fewer than 250 commercial and industrial customers in such year. Legislation enacted in 2012 established a mechanism for natural gas utilities to recover the eligible infrastructure development costs of a qualifying project through future rates. A qualifying project is an economic development project for which, among other things, the utility has received a binding commitment from the developer or occupant of the proposed project regarding capacity or a financial guaranty from the developer or state or local government in the amount of at least 50 percent of the estimated investment to be made in the proposed project. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/10/2017 | Prefiled and ordered printed; offered 01/11/17 17101108D |
01/10/2017 | Referred to Committee on Commerce and Labor |
01/19/2017 | Impact statement from SCC (SB1289) |
01/23/2017 | Reported from Commerce and Labor with amendment (15-Y 0-N) (see vote tally) |
01/25/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/26/2017 | Read second time |
01/26/2017 | Reading of amendment waived |
01/26/2017 | Committee amendment agreed to |
01/26/2017 | Engrossed by Senate as amended SB1289E |
01/26/2017 | Printed as engrossed 17101108D-E |
01/27/2017 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
01/30/2017 | Impact statement from SCC (SB1289E) |
01/31/2017 | Placed on Calendar |
01/31/2017 | Read first time |
01/31/2017 | Referred to Committee on Commerce and Labor |
02/07/2017 | Reported from Commerce and Labor (21-Y 0-N) (see vote tally) |
02/09/2017 | Read second time |
02/10/2017 | Read third time |
02/10/2017 | Passed House BLOCK VOTE (95-Y 0-N) |
02/10/2017 | VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally) |
02/13/2017 | Enrolled |
02/13/2017 | Bill text as passed Senate and House (SB1289ER) |
02/13/2017 | Impact statement from SCC (SB1289ER) |
02/13/2017 | Signed by President |
02/13/2017 | Signed by Speaker |
02/14/2017 | Enrolled Bill Communicated to Governor on 2/14/17 |
02/14/2017 | G Governor's Action Deadline Midnight, February 21, 2017 |
02/21/2017 | Governor's recommendation received by Senate |
02/23/2017 | Senate concurred in Governor's recommendation (39-Y 0-N) (see vote tally) |
02/24/2017 | Enacted, Chapter 253 (effective 7/1/16) |
02/24/2017 | House concurred in Governor's recommendation (92-Y 0-N) |
02/24/2017 | VOTE: ADOPTION (92-Y 0-N) (see vote tally) |
02/24/2017 | G Governor's recommendation adopted |
02/24/2017 | Reenrolled |
02/24/2017 | Reenrolled bill text (SB1289ER2) |
02/24/2017 | Signed by President as reenrolled |
02/24/2017 | Signed by Speaker as reenrolled |
02/24/2017 | Enacted, Chapter 253 (effective 7/1/17) |
02/24/2017 | G Acts of Assembly Chapter text (CHAP0253) |