Electric cooperatives; rates. (SB1346)

Introduced By

Sen. Steve Newman (R-Forest)

Progress

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

Description

Electric cooperatives; rates. Authorizes any electric cooperative to (i) increase or decrease its rates without State Corporation Commission approval for any of its services, rather than only for distribution services, at any time if such adjustments will not effect a cumulative net increase or decrease in excess of five percent in such rates in any three-year period; (ii) if it does not hold a membership interest in a utility aggregation cooperative, petition the Commission for approval of one or more rate adjustment clauses for the timely and current recovery from customers of the costs of generation facilities, modifications to generation facilities, or pumped hydroelectricity generation and storage facilities; (iii) adjust the total system cap for net energy metering, agricultural net energy metering, and small agricultural generators to up to five percent of the cooperative's highest total coincident system peak within the past five years; (iv) subject to findings that it will not result in either an intra-class or inter-class change in cost recovery, adopt any rate, rate component, program, tariff, or terms or conditions of service that the Commission has previously approved for any other cooperative; and (v) set its fixed monthly charge covering the fixed costs of owning and operating its electric distribution system as an alternative to volumetric charges associated with demand; currently, the fixed monthly charge may be assessed as an alternative to volumetric charges for electricity usage. Amends § 56-585.3, of the Code of Virginia. Read the Bill »

Status

01/08/2019: Awaiting a Vote in the Commerce and Labor Committee

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19104214D
01/08/2019Referred to Committee on Commerce and Labor
01/12/2019Impact statement from SCC (SB1346)

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)