HB432: Public utilities; contracting with small, women-owned, or minority-owned businesses.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 56-235.1:2 as follows:
§ 56-235.1:2. Costs of using small, women-owned, or minority-owned businesses.
In any proceeding under this title in which the Commission is required to determine whether costs incurred by a public utility in its delivery or provision of any goods or service are reasonable or prudent, the incremental portion of the costs incurred as a result of the public utility's contracting with a small, woman-owned, or minority-owned business to deliver or provide the goods or service rather than contracting with a business that could have delivered or provided the goods or service at lower costs shall not be found to be unreasonable or imprudently incurred, provided that the costs of the delivery or provision of the goods or services by the small, woman-owned, or minority-owned business do not exceed, by more than three percent, the costs thereof that would have been incurred had the public utility contracted with the lowest-cost qualified business. As used in this section, "small, woman-owned, or minority-owned business" means a business that is certified by the Department of Small Business and Supplier Diversity as a small, women-owned, or minority-owned business pursuant to the conditions and provisions in § 2.2-1604.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 56-235.1:2 as follows:
§ 56-235.1:2. Costs of using small, women-owned, or minority-owned businesses.
In any proceeding under this title in which the Commission
is required to determine whether costs incurred by a public utility in its
delivery or provision of any goods or service are reasonable or prudent, the
incremental portion of the costs incurred as a result of the public utility's
contracting with a small, woman-owned, or minority-owned business to deliver or
provide the goods or service rather than contracting with a business that could
have delivered or provided the goods or service at lower costs shall not be
found to be unreasonable or imprudently incurred, provided that the costs of
the delivery or provision of the goods or services by the small, woman-owned,
or minority-owned business do not exceed, by more than [ five
three ] percent, the costs thereof that would have been incurred had the
public utility contracted with the lowest-cost qualified business. As used in
this section, "small, woman-owned, or minority-owned business" means
a business that is certified by the Department of Small Business and Supplier Diversity
as a small, women-owned, or minority-owned business pursuant to the conditions
and provisions in § [ 2.2-1609 2.2-1604 ] .
HOUSE BILL NO. 432
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 56-235.1:2 as follows:
§ 56-235.1:2. Costs of using small, women-owned, or minority-owned businesses.
In any proceeding under this title in which the Commission is required to determine whether costs incurred by a public utility in its delivery or provision of any goods or service are reasonable or prudent, the incremental portion of the costs incurred as a result of the public utility's contracting with a small, woman-owned, or minority-owned business to deliver or provide the goods or service rather than contracting with a business that could have delivered or provided the goods or service at lower costs shall not be found to be unreasonable or imprudently incurred, provided that the costs of the delivery or provision of the goods or services by the small, woman-owned, or minority-owned business do not exceed, by more than five percent, the costs thereof that would have been incurred had the public utility contracted with the lowest-cost qualified business. As used in this section, "small, woman-owned, or minority-owned business" means a business that is certified by the Department of Small Business and Supplier Diversity as a small, women-owned, or minority-owned business pursuant to the conditions and provisions in § 2.2-1609.