Electric utilities; fuel cost recovery. (HB167)

Introduced By

Del. Lee Ware (R-Powhatan) with support from co-patrons Del. Jennifer Carroll Foy (D-Woodbridge), Del. Steve Heretick (D-Portsmouth), Del. Sam Rasoul (D-Roanoke), and Del. Michael Webert (R-Marshall)

Progress

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

Description

Electric utilities; fuel cost recovery. Requires an electric utility, as a condition of approval of any request by an electric utility for recovery through its fuel factor of costs incurred under a natural gas capacity contract not previously subject to review in a fuel factor case, to prove by a preponderance of the evidence that the utility has (i) determined that the utility cannot meet its service obligations, giving due regard, in the Commission's sole discretion, to reliability of service and the need to maintain reliable sources of supply, without an additional fuel resource; (ii) reasonably identified and determined the date and amount of the new fuel resource it needs; (iii) objectively studied available alternative fuel resource options, as verified by the Commission, including options other than a new natural gas capacity contract or contracts to meet the identified and determined need; and (iv) determined that the natural gas capacity contract or contracts are the lowest-cost available option, taking into consideration fixed and variable costs and a reasonable projection of utilization. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
12/24/2019Committee
12/24/2019Prefiled and ordered printed; offered 01/08/20 20102451D
12/24/2019Referred to Committee on Labor and Commerce
01/08/2020Impact statement from SCC (HB167)
01/14/2020Assigned L & C sub: Subcommittee #3
01/23/2020Subcommittee recommends reporting with substitute (5-Y 4-N)
01/30/2020Reported from Labor and Commerce with substitute (21-Y 0-N) (see vote tally)
01/30/2020Committee substitute printed 20106500D-H1
02/03/2020Read first time
02/04/2020Read second time
02/04/2020Committee substitute agreed to 20106500D-H1
02/04/2020Engrossed by House - committee substitute HB167H1
02/05/2020Read third time and passed House BLOCK VOTE (96-Y 0-N)
02/05/2020VOTE: Block Vote Passage (96-Y 0-N) (see vote tally)
02/05/2020Reconsideration of passage agreed to by House
02/05/2020Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/05/2020VOTE: Block Vote Passage #2 (99-Y 0-N) (see vote tally)
02/06/2020Constitutional reading dispensed
02/06/2020Referred to Committee on Commerce and Labor
02/10/2020Impact statement from SCC (HB167H1)
02/24/2020Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/26/2020Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/27/2020Read third time
02/27/2020Passed Senate (40-Y 0-N) (see vote tally)
03/04/2020Enrolled
03/04/2020Bill text as passed House and Senate (HB167ER)
03/05/2020Impact statement from SCC (HB167ER)
03/05/2020Signed by Speaker
03/05/2020Signed by President
03/12/2020Enrolled Bill communicated to Governor on March 12, 2020
03/12/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
04/06/2020G Approved by Governor-Chapter 661 (effective 7/1/20)
04/06/2020G Acts of Assembly Chapter text (CHAP0661)

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