Public utilities; rate review by the State Corporation Commission. (HB1288)

Introduced By

Del. Sally Hudson (D-Charlottesville) with support from co-patron Del. Lee Ware (R-Powhatan)

Progress

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

Description

Public utilities; rate review by the State Corporation Commission. Provides that in any annual rate review of a public utility by the State Corporation Commission, the Commission may find that the rates of a public utility, including an investor-owned incumbent electric utility, are not just and reasonable and may take corrective action. Under the bill, the Commission may conduct an investigation into the rates of any public utility on its own initiative or upon application by an affected party. Additionally, when capped rates of service for investor-owned incumbent electric utilities expire or terminate, the bill permits the Commission to find that the rates are not just and reasonable and take corrective action. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/20/2022Committee
01/20/2022Presented and ordered printed 22104537D
01/20/2022Referred to Committee on Commerce and Energy
01/28/2022Assigned sub: Subcommittee #1
01/31/2022Impact statement from SCC (HB1288)
02/01/2022Subcommittee recommends continuing to 2023
02/15/2022Left in Commerce and Energy

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