Electric utilities; rates and tariffs. (SB922)

Introduced By

Sen. Ben Chafin (R-Lebanon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Electric utilities; rates and tariffs. Directs the State Corporation Commission to exclude any debt associated with an electric utility's securitized bonds that are the obligation of non-Virginia jurisdictional customers from the capital structure and cost of capital of the utility when regulating its rates, terms, and conditions of service. The measure also authorizes a utility to request an adjustment to a tariff that is revenue neutral to the utility during a biennial filing that does not result in an overall rate change. Read the Bill »


Bill Has Passed


01/19/2018Presented and ordered printed 18102900D
01/19/2018Referred to Committee on Commerce and Labor
01/26/2018Impact statement from SCC (SB922)
02/02/2018Assigned C&L sub: Electric Utility
02/05/2018Reported from Commerce and Labor with amendments (12-Y 0-N) (see vote tally)
02/07/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/08/2018Read second time
02/08/2018Reading of amendments waived
02/08/2018Committee amendments agreed to
02/08/2018Engrossed by Senate as amended SB922E
02/08/2018Printed as engrossed 18102900D-E
02/09/2018Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/14/2018Placed on Calendar
02/14/2018Read first time
02/14/2018Referred to Committee on Commerce and Labor
02/16/2018Impact statement from SCC (SB922E)
02/27/2018Reported from Commerce and Labor (21-Y 1-N) (see vote tally)
03/01/2018Read second time
03/02/2018Read third time
03/02/2018Passed House (91-Y 5-N 1-A)
03/02/2018VOTE: PASSAGE (91-Y 5-N 1-A) (see vote tally)
03/06/2018Bill text as passed Senate and House (SB922ER)
03/06/2018Signed by Speaker
03/09/2018Impact statement from SCC (SB922ER)
03/09/2018Signed by President
03/15/2018Enrolled Bill Communicated to Governor on March 15, 2018
03/15/2018G Governor's Action Deadline Midnight, April 9, 2018
04/06/2018G Approved by Governor-Chapter 795 (effective 7/1/18)
04/06/2018G Acts of Assembly Chapter text (CHAP0795)