VA HB848 | 2014 | Regular Session

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 16-5)
Status: Passed on March 7 2014 - 100% progression
Action: 2014-03-07 - Governor: Acts of Assembly Chapter text (CHAP0212)
Text: Latest bill text (Chaptered) [HTML]

Summary

Electric utility regulation; recovery of costs of new underground distribution facilities. Authorizes investor-owned electric utilities to recover the costs of new underground distribution facilities through a rate adjustment clause. Eligible facilities will replace existing overhead distribution facilities of 69 kilovolts or less. Petitions seeking approval for recovery of such costs shall not be brought more frequently than annually. A utility shall not seek any annual incremental increase in the level of investments in such facilities that exceeds five percent of the utility's distribution rate base. In determining whether to approve a rate adjustment clause for such facilities, the State Corporation Commission is directed to liberally construe the provisions of Title 56 and to give due consideration to the public policy goals of increased electric service reliability and reduced outage times associated with the replacement of existing overhead distribution facilities with new underground facilities. None of the costs of such new facilities shall be allocated to customers in the large power service rate class for a Phase I utility or general service rate classes for a Phase II utility.

Tracking Information

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Title

Electric utility regulation; recovery of costs of new underground distribution facilities.

Sponsors


Roll Calls

2014-02-20 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-19 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-17 - Senate - Senate: Reported from Commerce and Labor (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2014-01-23 - House - House: VOTE: PASSAGE (95-Y 1-N 1-A) (Y: 97 N: 1 NV: 3 Abs: 1) [PASS]
2014-01-16 - House - House: Reported from Commerce and Labor with amendments (20-Y 0-N) (Y: 21 N: 0 NV: 1 Abs: 1) [PASS]

History

DateChamberAction
2014-03-07 Governor: Acts of Assembly Chapter text (CHAP0212)
2014-03-07 Governor: Approved by Governor-Chapter 212 (effective 7/1/14)
2014-02-26SenateSigned by President
2014-02-24HouseSigned by Speaker
2014-02-24HouseBill text as passed House and Senate (HB848ER)
2014-02-24HouseEnrolled
2014-02-20SenatePassed Senate (40-Y 0-N)
2014-02-20SenateRead third time
2014-02-19SenateConstitutional reading dispensed (40-Y 0-N)
2014-02-17SenateReported from Commerce and Labor (16-Y 0-N)
2014-01-24SenateReferred to Committee on Commerce and Labor
2014-01-24SenateConstitutional reading dispensed
2014-01-23HouseVOTE: PASSAGE (95-Y 1-N 1-A)
2014-01-23HouseRead third time and passed House (95-Y 1-N 1-A)
2014-01-22HousePassed by for the day
2014-01-21HousePrinted as engrossed 14102014D-E
2014-01-21HouseEngrossed by House as amended HB848E
2014-01-21HouseCommittee amendments agreed to
2014-01-21HouseRead second time
2014-01-20HouseRead first time
2014-01-16HouseReported from Commerce and Labor with amendments (20-Y 0-N)
2014-01-08HouseReferred to Committee on Commerce and Labor
2014-01-08HousePrefiled and ordered printed; offered 01/08/14 14102014D

Subjects


Virginia State Sources


Bill Comments

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