Public utility ratemaking; contracting with small, women-owned, or minority-owned businesses. (HB490)
Introduced By
Del. Nick Freitas (R-Culpeper)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Public utility ratemaking; contracting with small, women-owned, or minority-owned businesses. Repeals certain provisions of the Code relating to proceedings in which the State Corporation Commission is required to determine whether costs incurred by a public utility in its delivery or provision of any goods or services are reasonable or prudent. In such proceedings, the incremental portion of costs incurred as a result of contracting with a small, women-owned, or minority-owned business to deliver or provide the goods or services are currently not considered unreasonable or imprudently incurred if the costs do not exceed by more than three percent the costs that would have been incurred had the utility used the lowest-cost qualified business; the bill repeals this provision. Read the Bill »
Status
01/20/2022: In Subcommittee
History
| Date | Action |
|---|---|
| 01/11/2022 | Committee |
| 01/11/2022 | Prefiled and ordered printed; offered 01/12/22 22103250D |
| 01/11/2022 | Referred to Committee on Commerce and Energy |
| 01/20/2022 | Assigned sub: Subcommittee #2 |
| 01/20/2022 | Impact statement from SCC (HB490) |
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