VA HB1604 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 24 2023 - 100% progression
Action: 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0497)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on March 24 2023 - 100% progression
Action: 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0497)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Electric Utility Regulation Act; regulation of rates. Provides, that in any proceeding to establish base rates for Appalachian Electric Power or Dominion Energy Virginia conducted by the State Corporation Commission (the Commission), if the Commission determines in its sole discretion that the utility's existing base rates will, on a going-forward basis, either produce (i) revenues in excess of the utility's authorized rate of return or (ii) revenues below the utility's authorized rate of return, then the Commission is required to order any reductions or increases, as applicable and necessary, to such base rates that it deems appropriate to ensure the resulting base rates (a) are just and reasonable and (b) provide the utility an opportunity to recover its costs of providing services over the rate period and earn a fair rate of return.
Title
Virginia Electric Utility Regulation Act; regulation of rates, proceeding to review base rates.
Sponsors
Del. Lee Ware [R] | Del. Sally Hudson [D] | Del. Richard Sullivan [D] | Del. Nicholas Freitas [R] |
Del. Holly Seibold [D] |
Roll Calls
2023-02-21 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-15 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-13 - Senate - Senate: Reported from Commerce and Labor (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-07 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-02 - House - House: Reported from Commerce and Energy with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-15 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-13 - Senate - Senate: Reported from Commerce and Labor (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-07 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-02 - House - House: Reported from Commerce and Energy with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-03-24 | Governor: Acts of Assembly Chapter text (CHAP0497) | |
2023-03-24 | Governor: Approved by Governor-Chapter 497 (effective 7/1/23) | |
2023-03-02 | Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023 | |
2023-03-02 | House | Enrolled Bill communicated to Governor on March 2, 2023 |
2023-02-24 | House | Bill text as passed House and Senate (HB1604ER) |
2023-02-24 | House | Enrolled |
2023-02-21 | Senate | Passed Senate (40-Y 0-N) |
2023-02-21 | Senate | Read third time |
2023-02-20 | Senate | Passed by for the day |
2023-02-20 | Senate | Read third time |
2023-02-17 | Senate | Passed by for the day |
2023-02-16 | Senate | Passed by for the day |
2023-02-16 | Senate | Read third time |
2023-02-15 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2023-02-13 | Senate | Reported from Commerce and Labor (14-Y 0-N) |
2023-02-08 | Senate | Referred to Committee on Commerce and Labor |
2023-02-08 | Senate | Constitutional reading dispensed |
2023-02-07 | House | VOTE: Block Vote Passage (99-Y 0-N) |
2023-02-07 | House | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
2023-02-06 | House | Engrossed by House - committee substitute HB1604H1 |
2023-02-06 | House | Committee substitute agreed to 23105852D-H1 |
2023-02-06 | House | Read second time |
2023-02-05 | House | Read first time |
2023-02-02 | House | Committee substitute printed 23105852D-H1 |
2023-02-02 | House | Reported from Commerce and Energy with substitute (22-Y 0-N) |
2023-01-06 | House | Referred to Committee on Commerce and Energy |
2023-01-06 | House | Prefiled and ordered printed; offered 01/11/23 23102203D |
Same As/Similar To
SB1321 (Same As) 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0498)
SB1321 (Same As) 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0498)
SB1321 (Same As) 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0498)