Electric utilities; cost recovery, alternative to rate adjustment clause. (HB2267)

Introduced By

Del. Tony Wilt (R-Harrisonburg) with support from co-patron Sen. Suhas Subramanyam (D-Ashburn)

Progress

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

Description

Electric utilities; cost recovery; alternative to rate adjustment clause. Provides that in any proceeding regarding petitions for a rate adjustment clause, the State Corporation Commission may, as an alternative to a rate adjustment clause, authorize recovery of any proposed cost through the utility's rates for generation and distribution services, if the Commission, in its discretion, determines that such cost recovery better serves ratepayers while still providing the utility the opportunity to recover its costs and earn a fair rate of return. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2023Committee
01/11/2023Prefiled and ordered printed; offered 01/11/23 23101028D
01/11/2023Referred to Committee on Commerce and Energy
01/18/2023Impact statement from SCC (HB2267)
02/02/2023Reported from Commerce and Energy (22-Y 0-N) (see vote tally)
02/05/2023Read first time
02/06/2023Read second time and engrossed
02/07/2023Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/07/2023VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/08/2023Constitutional reading dispensed
02/08/2023Referred to Committee on Rules
02/13/2023Rereferred from Rules (16-Y 0-N) (see vote tally)
02/13/2023Rereferred to Commerce and Labor
02/20/2023Passed by indefinitely in Commerce and Labor (7-Y 6-N) (see vote tally)