Virginia House Bill 559 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 1 2012 - 100% progression
Action: 2012-03-01 - Governor: Acts of Assembly Chapter text (CHAP0051)
Text: Latest bill text (Chaptered) [HTML]

Natural gas utility infrastructure. Permits a natural gas utility to construct the necessary facilities of a qualifying project and to recover the eligible infrastructure development costs necessary to develop the eligible infrastructure for designated projects in future rates. Eligible infrastructure development costs include planning, development, and construction costs and, if applicable, an allowance for funds used during construction, in addition to a return on investment, a revenue conversion factor, depreciation, and property taxes. A qualifying project is an economic development project requiring natural gas service as to which the natural gas utility has made a good faith determination that (i) it is located in an area where adequate natural gas infrastructure is not available; (ii) eligible infrastructure will provide opportunities for increased natural gas usage and economic development benefits in the area of the eligible infrastructure in addition to those provided by the subject project; (iii) either the developer or occupant of the proposed project shall provide, prior to the initiation of service, a binding commitment to the natural gas utility regarding capacity needed for a period of at least five years from the date gas is made available, which commitment covers a level of service no less than 50 percent of the capacity of the gas facilities to serve such project, or the natural gas utility receives a financial guaranty from the developer or state or local government in the amount of at least 50 percent of the estimated investment to be made by the natural gas utility in the proposed project; (iv) the natural gas utility has negotiated with the project's developer or occupant in an attempt to reach agreement on a commitment for the entire aid to construction otherwise required to cover the cost of the necessary eligible infrastructure; and (v) the projected non-gas revenues from the proposed project will not be sufficient to cover the cost of service associated with the necessary eligible infrastructure after accounting for any aid to construction contributed by the developer of the project or the person that will occupy the proposed project. Natural gas utilities are required to account for the actual monthly eligible infrastructure development costs incurred on the cumulative investment in eligible infrastructure in excess of any aid to construction contributed by the developer of the project or the person that will occupy the proposed project as a deferred cost until new base rates and charges that incorporate eligible infrastructure development costs become effective for the utility. Transportation and storage quantities of contracts entered into by a natural gas utility for the acquisition of upstream pipeline capacity to meet the reasonably anticipated service requirements of a qualifying project and other service requirements to be served through the eligible infrastructure shall be deemed prudent and reasonable.

Natural gas utilities; qualified projects.

Sen. Lynwood Lewis [D]

Del. Daniel Marshall [R]

2012-02-15 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-14 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-13 - Senate - Senate: Reported from Commerce and Labor (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-25 - House - House: VOTE: PASSAGE (98-Y 0-N 1-A) (Y: 100 N: 0 NV: 1 Abs: 1) [PASS]
2012-01-19 - House - House: Reported from Commerce and Labor with substitute (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2012-03-01		Governor: Acts of Assembly Chapter text (CHAP0051)
2012-03-01		Governor: Approved by Governor-Chapter 51 (effective 7/1/12)
2012-02-20		Senate: Signed by President
2012-02-17		House: Signed by Speaker
2012-02-17		House: Bill text as passed House and Senate (HB559ER)
2012-02-17		House: Enrolled
2012-02-15		Senate: Passed Senate (40-Y 0-N)
2012-02-15		Senate: Read third time
2012-02-14		Senate: Constitutional reading dispensed (40-Y 0-N)
2012-02-13		Senate: Reported from Commerce and Labor (16-Y 0-N)
2012-01-26		Senate: Referred to Committee on Commerce and Labor
2012-01-26		Senate: Constitutional reading dispensed
2012-01-25		House: VOTE: PASSAGE (98-Y 0-N 1-A)
2012-01-25		House: Read third time and passed House (98-Y 0-N 1-A)
2012-01-24		House: Engrossed by House - committee substitute HB559H1
2012-01-24		House: Committee substitute agreed to 12104378D-H1
2012-01-24		House: Read second time
2012-01-23		House: Read first time
2012-01-19		House: Committee substitute printed 12104378D-H1
2012-01-19		House: Reported from Commerce and Labor with substitute (22-Y 0-N)
2012-01-10		House: Referred to Committee on Commerce and Labor
2012-01-10		House: Prefiled and ordered printed; offered 01/11/12 12101980D

SB511 (Same As) 2012-03-08 - Governor: Acts of Assembly Chapter text (CHAP0202)

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB559
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB559+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB559H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB559ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+CHAP0051+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H14V0029+HB0559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV0142+HB0559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S02V0067+HB0559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0415HB0559+HB0559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0480HB0559+HB0559