Public utilities; transactions with affiliates, fuel procurement arrangements. (HB2503)

Introduced By

Del. Sam Rasoul (D-Roanoke) with support from co-patron Del. Kaye Kory (D-Falls Church)

Progress

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

Description

Public utilities; transactions with affiliates; fuel procurement arrangements. Requires the State Corporation Commission to conduct a formal hearing before approving any changes to fuel procurement arrangements between affiliates of an electric utility or its parent company that will impact rate payers. The measure requires that the Commission, before approving any transaction or act with an affiliated interest, find that it is in the public interest. The measure also requires that Commission hearings on a public utility's transactions with an affiliate be formal hearings held after notice and opportunity to be heard. Currently the Commission may conduct informal hearings on such petitions. Finally, the measure requires that any contract or arrangement for fuel, materials, funding, or services to be provided directly or indirectly to a utility by an affiliate be filed with the Commission and made available to the public for review without restrictions. Amends § 56-84, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2019Committee
01/09/2019Prefiled and ordered printed; offered 01/09/19 19102307D
01/09/2019Referred to Committee on Commerce and Labor
01/15/2019Assigned C & L sub: Subcommittee #3
01/17/2019Impact statement from SCC (HB2503)
01/24/2019Subcommittee recommends striking from docket (9-Y 0-N)
02/05/2019Left in Commerce and Labor

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