Electric utility regulation; rate review proceedings, Transitional Rate Period, etc. (HB1563)

Introduced By

Del. Kathy Byron (R-Lynchburg)

Progress

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

Description

Electric utilities. Advances the date rate reviews are scheduled to resume for Dominion Energy Virginia (DEV) from 2022 to 2021. The review will use the three 12-month test periods beginning January 1, 2018, and ending December 31, 2020. The measure provides that for purposes of the Utility Facility Act a company that owns or operates facilities for the storage of electric energy for sale, including pumped hydroelectric generation and storage facilities in the coalfield region of Virginia, is a public utility. The measure excludes from the definition of "public utility," for purposes of the Utility Facility Act, a company that provides storage of electric energy that is not for sale to the public, if the company is not organized as a public utility. The measure also includes enactment clauses that (i) direct the State Corporation Commission to conduct pilot programs for the deployment of electric power storage batteries; (ii) bar Appalachian Power (AEP) from recovering $10 million of incurred fuel costs; (iii) direct DEV to provide current customers a one-time bill credit of $133 million; (iv) require DEV to roll into its base rates certain costs associated with the conversion of certain generation facilities to utilize biomass as fuel; (v) require reductions in the rates for all incumbent electric utilities to reflect reductions in federal tax liability resulting from the enactment of federal tax legislation; and (vi) require DEV and AEP to continue funding for pilot programs for energy assistance and weatherization for low-income, elderly, and disabled individuals. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/19/2018Committee
01/19/2018Presented and ordered printed 18105552D
01/19/2018Referred to Committee on Commerce and Labor
01/23/2018Assigned C & L sub: Subcommittee #3
01/26/2018Impact statement from SCC (HB1563)
01/30/2018Subcommittee recommends incorporating (HB1558-Kilgore)
02/13/2018Left in Commerce and Labor