Electric utilities; period costs. (HB1914)

Introduced By

Del. Dan Helmer (D-Fairfax Station) with support from co-patrons Del. Carrie Coyner (R-Chesterfield), and Del. Glenn Davis (R-Virginia Beach)

Progress

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

Description

Electric utilities; period costs. Provides that in a triennial review proceeding, certain utility generation and distribution costs that are not proposed for recovery under various cost recovery mechanisms, at the State Corporation Commission's discretion, may be attributed to the test periods under review and deemed fully recovered or, if the utility has earned below a certain threshold, may be deferred for recovery over future periods. Under current law, such attribution is required unless the utility has earned below a certain threshold, in which case deferred recovery of the costs is required. The provisions of the bill apply to the first triennial review of Dominion Energy Virginia conducted after January 1, 2021. Read the Bill »

Status

01/14/2021: Awaiting a Vote in the Labor and Commerce Committee

History

Date	Action
01/10/2021	Committee
01/10/2021	Prefiled and ordered printed; offered 01/13/21 21101429D
01/10/2021	Referred to Committee on Labor and Commerce
01/14/2021	Assigned L & C sub: Subcommittee #3
01/15/2021	Impact statement from SCC (HB1914)