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

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22104145D
01/11/2022Referred to Committee on Commerce and Energy
01/20/2022Impact statement from SCC (HB588)
01/24/2022Assigned sub: Subcommittee #1
01/25/2022Stricken from docket by Commerce and Energy (20-Y 0-N) (see vote tally)

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