Emergency Debt Repayment Plan; every jurisdictional utility to develop. (SB5118)

Introduced By

Sen. Jennifer McClellan (D-Richmond) with support from co-patron Sen. Ghazala Hashmi (D-Midlothian)

Progress

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

Description

Public utilities; Emergency Debt Repayment Plan. Requires every utility providing electric, gas, or water service that is subject to regulation by the State Corporation Commission (the Commission) to develop an Emergency Debt Repayment Plan (EDRP) for residential customers. The bill requires that an EDRP is designed to ensure that debt repayments accrued during a certain state of emergency or a certain service disconnection moratorium, in addition to the customer's regular utility bill are sustainable and affordable for the customer. The bill provides than EDRP will allow for an up to 12-month repayment period and for a customer to roll over remaining debt with any debt accrued under a subsequent state of emergency. The bill prohibits a utility from requiring any new deposit, application fee, or other new type of advance payment before enrolling a customer in an EDRP and from charging any interest, finance charges, or prepayment penalties on the unpaid debt while the customer is enrolled in an EDRP. The bill prohibits a utility from discontinuing service for any customer enrolled in the program provided the customer remains in compliance with the terms of the EDRP and remains current on the customer's current utility bill. The bill requires the Commission to allow for the timely recovery of certain costs resulting from an EDRP for jurisdictional utilities, including through a rate adjustment clause or through base rates and provides that the Commission may apply any applicable earnings test in the Commission rules governing utility rate applications and annual informational filings when assessing the recovery of such costs. The bill provides that it does not confer any additional jurisdiction or authority to the Commission. The bill requires each jurisdictional utility to report certain information to the Commission and for the Commission to report such information to the chairs of the House Committees on Labor and Commerce and Appropriations and the Senate Committees on Commerce and Labor and Finance and Appropriations. The bill requires municipal utilities, upon the request of the chairs of such committees to submit a report to such committees. The bill also requires the Commission to submit an additional report to the chairs of the House Committees on Labor and Commerce and Appropriations and the Senate Committees on Commerce and Labor and Finance and Appropriations. Read the Bill »

Status

09/17/2020: In Committee

History

DateAction
08/19/2020Presented and ordered printed 20200398D
08/19/2020Referred to Committee on Commerce and Labor
08/25/2020Impact statement from SCC (SB5118)
08/26/2020Senate committee, floor amendments and substitutes offered
08/28/2020Senate committee, floor amendments and substitutes offered
08/28/2020Reported from Commerce and Labor with substitute (8-Y 5-N 1-A) (see vote tally)
08/28/2020Committee substitute printed 20201077D-S1
08/28/2020Rereferred to Finance and Appropriations
09/04/2020Impact statement from SCC (SB5118S1)
09/09/2020Senate committee, floor amendments and substitutes offered
09/09/2020Reported from Finance and Appropriations with amendments (12-Y 1-N 2-A) (see vote tally)
09/10/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
09/15/2020Read second time
09/15/2020Reading of substitute waived
09/15/2020Committee substitute agreed to 20201077D-S1
09/15/2020Reading of amendments waived
09/15/2020Committee amendments agreed to
09/15/2020Engrossed by Senate - committee substitute with amendments SB5118ES1
09/15/2020Printed as engrossed 20201077D-ES1
09/16/2020Read third time and passed Senate (22-Y 13-N 1-A) (see vote tally)
09/16/2020Reconsideration of Senate passage agreed to by Senate (35-Y 2-N) (see vote tally)
09/16/2020Passed Senate (24-Y 12-N 1-A) (see vote tally)
09/17/2020Placed on Calendar
09/17/2020Read first time
09/17/2020Referred to Committee on Appropriations

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