Electric utility regulation; suspension of reviews of earnings, transitional rate period. (HB96)

Introduced By

Del. Sam Rasoul (D-Roanoke) with support from 12 copatrons, whose average partisan position is:

Those copatrons are Del. Dawn Adams (D-Richmond), Del. Jennifer Carroll Foy (D-Woodbridge), Del. Lee Carter (D-Manassas), Kelly Fowler (D-Virginia Beach, Del. Elizabeth Guzman (D-Dale City), Del. Chris Hurst (D-Blacksburg), Del. Kaye Kory (D-Falls Church), Del. Mark Levine (D-Alexandria), Del. Alfonso Lopez (D-Arlington), Del. Debra Rodman (D-Henrico), Del. Danica Roem (D-Manassas Park), Sen. Chap Petersen (D-Fairfax)

Progress

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

Description

Electric utility regulation; suspension of reviews of earnings; transitional rate period. Provides that the transitional rate period for Virginia Electric and Power Company (Dominion) will conclude on December 31, 2018, and its next biennial review will be conducted in 2019. The transitional rate period for Dominion currently is scheduled to expire on December 31, 2019, and its next biennial review is scheduled to occur in 2022. The measure does not change the date Appalachian Power's transitional rate period is scheduled to conclude (December 31, 2017) but does advance the year of its next biennial review from 2020 to 2018. During the first biennial reviews after the conclusion of the transitional rate period, the State Corporation Commission shall review the earnings of the utilities during the Transitional Rate Period and order adjustments to rates or credits to customers, if warranted. Pursuant to the 2015 legislation, the State Corporation Commission is barred from conducting a biennial review of the rates, terms, and conditions for any service of an electric utility during its transitional rate period. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/12/2017Committee
12/12/2017Prefiled and ordered printed; offered 01/10/18 18102728D
12/12/2017Referred to Committee on Commerce and Labor
01/11/2018Impact statement from SCC (HB96)
01/23/2018Assigned C & L sub: Subcommittee #3
02/06/2018Subcommittee failed to recommend reporting (3-Y 6-N)
02/13/2018Left in Commerce and Labor

Duplicate Bills

The following bills are identical to this one: SB9.