VA SB1292 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2021 - 25% progression, died in chamber
Action: 2021-02-01 - Passed by indefinitely in Commerce and Labor (11-Y 3-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 12 2021 - 25% progression, died in chamber
Action: 2021-02-01 - Passed by indefinitely in Commerce and Labor (11-Y 3-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Electric utilities; overearnings; customer bill credits. Requires the State Corporation Commission to direct that 100 percent of the amount of a utility's earnings above a certain threshold be credited to customers' bills. Under current law, the Commission is required to direct that 70 percent of such overearnings be credited to customers' bills. The provisions of the bill apply to the first triennial review of Dominion Energy Virginia conducted after January 1, 2021.
Title
Electric utilities; overearnings, customer bill credits.
Sponsors
Roll Calls
2021-02-01 - Senate - Senate: Passed by indefinitely in Commerce and Labor (11-Y 3-N) (Y: 11 N: 3 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-01 | Senate | Passed by indefinitely in Commerce and Labor (11-Y 3-N) |
| 2021-01-25 | Senate | Assigned C&L sub: Energy |
| 2021-01-12 | Senate | Referred to Committee on Commerce and Labor |
| 2021-01-12 | Senate | Prefiled and ordered printed; offered 01/13/21 21102020D |
