Public utility ratemaking; contracting with small, women-owned, or minority-owned businesses. (HB490)

Introduced By

Del. Nick Freitas (R-Culpeper)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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 »

Outcome

Bill Has Failed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22103250D
01/11/2022Referred to Committee on Commerce and Energy
01/20/2022Assigned sub: Subcommittee #2
01/20/2022Impact statement from SCC (HB490)
02/01/2022Stricken from docket by Commerce and Energy (21-Y 0-N) (see vote tally)

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