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 »

Status

02/27/2020: Passed the Senate

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)

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