Electric utilities; adjustment of rates. (HB588)
Introduced By
Del. Sally Hudson (D-Charlottesville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Electric utilities; adjustment of rates. Provides that if the State Corporation Commission (the Commission) determines that the regulation of rates of investor-owned incumbent electric utilities under certain procedures of the Virginia Electric Utility Regulation Act results in rates that are not just and reasonable, then the Commission may, in any triennial review, adjust such rates to ensure that such rates (i) are just and reasonable and (ii) provide the utility the opportunity to recover its costs and earn its authorized rate of return. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/11/2022 | Committee |
| 01/11/2022 | Prefiled and ordered printed; offered 01/12/22 22104145D |
| 01/11/2022 | Referred to Committee on Commerce and Energy |
| 01/20/2022 | Impact statement from SCC (HB588) |
| 01/24/2022 | Assigned sub: Subcommittee #1 |
| 01/25/2022 | Stricken from docket by Commerce and Energy (20-Y 0-N) (see vote tally) |
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