Virginia House Bill 1027 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]

Electric utility rates; added returns. Eliminates provisions of the Virginia Electric Utility Regulation Act that authorize investor-owned electric utilities to earn added basis points and other performance incentives that would increase the utility's fair combined rate of return on common equity above the rate determined by the Commission in biennial rate review proceedings. Currently, such utilities are authorized to return performance incentives and enhanced rates of return on common equity if they satisfy performance standards, make certain investments in generation facilities, and successfully participate in a renewable energy program.

Investor-owned electric utilities; rate of return.

Del. Albert Pollard [D]

2010-02-09 - House - House: Subcommittee recommends laying on the table (11-Y 1-N) (Y: 11 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2010-02-16		House: Left in Commerce and Labor
2010-02-09		House: Subcommittee recommends laying on the table (11-Y 1-N)
2010-01-29		House: Assigned C & L sub: #3 Special Subcommittee on Energy
2010-01-13		House: Referred to Committee on Commerce and Labor
2010-01-13		House: Prefiled and ordered printed; offered 01/13/10 10101489D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB1027
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1027+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+H1403V0007+HB1027