Electric utilities; eliminates customer credit reinvestment offsets. (HB2049)

Introduced By

Del. Jeff Bourne (D-Richmond) with support from co-patrons Del. Lamont Bagby (D-Richmond), Del. Sally Hudson (D-Charlottesville), Del. Mark Keam (D-Vienna), and Del. Ken Plum (D-Reston)

Progress

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

Description

Electric utilities; customer credit reinvestment offsets. Eliminates customer credit reinvestment offsets under which a utility is allowed, upon request, to reduce or eliminate amounts of overearnings that otherwise would be required to be credited to customers by applying a customer credit reinvestment offset for expenses on new solar and wind generation facilities and electric distribution grid transformation projects. Read the Bill »

Status

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

History

Date	Action
01/12/2021	Prefiled and ordered printed; offered 01/13/21 21102818D
01/12/2021	Referred to Committee on Labor and Commerce
01/14/2021	Assigned L & C sub: Subcommittee #3