Electric utilities; recovery of development costs associated with small modular reactor. (SB454)

Introduced By

Sen. Dave Marsden (D-Burke)

Progress

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

Description

Electric utilities; recovery of development costs associated with small modular reactor. Permits Dominion Energy Virginia to petition the State Corporation Commission at any time for the approval of a rate adjustment clause for the recovery of small modular reactor project development costs for up to one small modular reactor facility. The bill also permits the utility to petition the Commission for project development cost recovery along separate development phases. The bill has an expiration date of December 31, 2029. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/09/2024Prefiled and ordered printed; offered 01/10/24 24104921D
01/09/2024Referred to Committee on Commerce and Labor
01/25/2024Impact statement from SCC (SB454)
01/31/2024Impact statement from SCC (SB454)
02/09/2024Senate committee, floor amendments and substitutes offered
02/09/2024Reported from Commerce and Labor with substitute (8-Y 7-N) (see vote tally)
02/09/2024Committee substitute printed 24106520D-S1
02/09/2024Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/12/2024Read second time
02/12/2024Reading of substitute waived
02/12/2024Committee substitute agreed to 24106520D-S1
02/12/2024Engrossed by Senate - committee substitute SB454S1
02/13/2024Read third time and passed Senate (20-Y 16-N) (see vote tally)
02/16/2024Placed on Calendar
02/16/2024Read first time
02/16/2024Referred to Committee on Labor and Commerce
02/16/2024Impact statement from SCC (SB454S1)
02/27/2024Reported from Labor and Commerce with substitute (14-Y 7-N) (see vote tally)
02/27/2024Committee substitute printed 24108309D-H1
02/29/2024Read second time
03/01/2024Passed by for the day
03/04/2024Passed by for the day
03/05/2024Passed by for the day
03/06/2024Read third time
03/06/2024Committee on Labor and Commerce substitute rejected 24108309D-H1
03/06/2024Passed by temporarily
03/06/2024House committee, floor amendments and substitutes offered
03/06/2024Amendments by Delegate Mundon King agreed to
03/06/2024Motion to rerefer to committee on Labor and Commerce by Delegate Ware rejected
03/06/2024Passed House with amendments (52-Y 44-N 1-A)
03/06/2024VOTE: Passage (52-Y 44-N 1-A)
03/07/2024House amendments agreed to by Senate (26-Y 14-N)
03/08/2024Impact statement from SCC (SB454H1)
03/25/2024Enrolled
03/25/2024Bill text as passed Senate and House (SB454ER)
03/25/2024Signed by President
03/26/2024Signed by Speaker
03/27/2024Enrolled Bill Communicated to Governor on March 27, 2024
03/27/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
04/08/2024Governor's recommendation received by Senate
04/08/2024Governor's substitute printed 24109376D-S2
04/17/2024Senate concurred in Governor's recommendation (27-Y 13-N)
04/17/2024House concurred in Governor's recommendation (68-Y 27-N 1-A)
04/17/2024VOTE: Adoption (68-Y 27-N 1-A)
04/17/2024G Governor's recommendation adopted
04/17/2024Reenrolled
04/17/2024Reenrolled bill text (SB454ER2)
04/17/2024Signed by President as reenrolled
04/17/2024Signed by Speaker as reenrolled
04/17/2024Enacted, Chapter 789 (effective 7/1/24)

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