Virginia House Bill 639 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 12 2010 - 25% progression, died in chamber
Action: 2010-02-16 - House: VOTE: --- AGREE TO MOTION (25-Y 74-N)
Text: Latest bill text (Prefiled) [HTML]

Investor-owned electric utility regulation. Reinstates, only for those investor-owned electric utilities that, as of July 1, 1999, were not bound by a rate case settlement adopted by the State Corporation Commission that extended in its application beyond January 1, 2002, provisions governing the authority of the State Corporation Commission (SCC) to regulate their rates. For these utilities, the measure restores major elements of the ratemaking procedures that existed prior to the enactment of the Electric Utility Restructuring Act in 1999 and of electric utility re-regulation legislation in 2007. Specifically, the measure eliminates, for rate cases initiated after January 1, 2011, rules that authorize such utilities to earn a rate of return on common equity that is not lower than the average of such returns for a majority of peer group utilities, and to recover certain costs through rate adjustment clauses. In rate cases initiated in 2011 and thereafter the SCC is directed to determine rates, terms, and conditions for the provision of generation, distribution, and transmission services for each investor-owned incumbent electric utility that are just, reasonable, and nondiscriminatory. These proceedings shall be governed by the provisions of Chapter 10 of Title 56 and shall provide fair rates of return on common equity. In such proceedings, the SCC may use any methodology to determine rates of return on common equity that it finds consistent with the public interest. The SCC is authorized to permit a utility to recover its actual costs, if the Commission finds such recovery is just, reasonable, and in the public interest, of peak-shaving programs, energy efficiency programs, participating in the renewable energy portfolio standard program, and environmental projects.

Investor-owned electric utilities; regulation of rates by State Corporation Commission.

Del. Ward Armstrong [D]

Del. Anne Crockett-Stark [R]

Del. Donald Merricks [R]

Del. Clarence Phillips [D]

2010-02-16 - House - House: VOTE: --- AGREE TO MOTION (25-Y 74-N) (Y: 25 N: 76 NV: 0 Abs: 0) [FAIL]
2010-02-09 - House - House: Subcommittee recommends reporting with amendment(s) (7-Y 4-N) (Y: 7 N: 4 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2010-02-16		House: VOTE: --- AGREE TO MOTION (25-Y 74-N)
2010-02-16		House: Motion to Discharge from Committee rejected (25-Y 74-N)
2010-02-11		House: Tabled in Commerce and Labor by voice vote
2010-02-09		House: Subcommittee recommends reporting with amendment(s) (7-Y 4-N)
2010-01-29		House: Assigned C & L sub: #3 Special Subcommittee on Energy
2010-01-12		House: Referred to Committee on Commerce and Labor
2010-01-12		House: Prefiled and ordered printed; offered 01/13/10 10102043D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB639
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB639+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+H1403V0005+HB0639
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+HV0662+HB0639