Electric utilities; licensed retail suppliers. (HB2477)

Introduced By

Del. Terry Kilgore (R-Gate City)

Progress

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

Description

Electric utilities; licensed retail suppliers. Exempts any electric utility that has had an average capacity load growth in its service territory of less than two percent annually for the previous five years from the provisions that authorize certain large customers to purchase electricity from a licensed supplier. The measure requires such a customer that purchases electricity energy from a licensed supplier to continue to pay its incumbent electric utility for the non-fuel generation and transmission capacity related costs incurred by the utility in order to meet the customer's capacity obligations. The measure also requires the State Corporation Commission, before approving a petition to allow such a customer to purchase electricity from a licensed supplier, to find that (i) neither the customer's incumbent utility nor other retail customers of such utility will be adversely affected in a manner contrary to the public interest and (ii) the approval of the petition is consistent with the public interest. The measure requires each licensed retail supplier to file annual reports with the Commission and provides that the failure to do so constitutes grounds for suspension or revocation of its license. Amends § 56-577, § 56-587, of the Code of Virginia. Read the Bill »

Status

01/15/2019: Awaiting a Vote in the Commerce and Labor Committee

History

DateAction
01/09/2019Committee
01/09/2019Prefiled and ordered printed; offered 01/09/19 19104210D
01/09/2019Referred to Committee on Commerce and Labor
01/15/2019Assigned C & L sub: Subcommittee #3
01/15/2019Impact statement from SCC (HB2477)

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