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]

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.

Tracking Information

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Title

Virginia Electric Utility Regulation Act; regulation of rates, proceeding to review base rates.

Sponsors


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]

History

DateChamberAction
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
2023-03-02HouseEnrolled Bill communicated to Governor on March 2, 2023
2023-02-24HouseBill text as passed House and Senate (HB1604ER)
2023-02-24HouseEnrolled
2023-02-21SenatePassed Senate (40-Y 0-N)
2023-02-21SenateRead third time
2023-02-20SenatePassed by for the day
2023-02-20SenateRead third time
2023-02-17SenatePassed by for the day
2023-02-16SenatePassed by for the day
2023-02-16SenateRead third time
2023-02-15SenateConstitutional reading dispensed (40-Y 0-N)
2023-02-13SenateReported from Commerce and Labor (14-Y 0-N)
2023-02-08SenateReferred to Committee on Commerce and Labor
2023-02-08SenateConstitutional reading dispensed
2023-02-07HouseVOTE: Block Vote Passage (99-Y 0-N)
2023-02-07HouseRead third time and passed House BLOCK VOTE (99-Y 0-N)
2023-02-06HouseEngrossed by House - committee substitute HB1604H1
2023-02-06HouseCommittee substitute agreed to 23105852D-H1
2023-02-06HouseRead second time
2023-02-05HouseRead first time
2023-02-02HouseCommittee substitute printed 23105852D-H1
2023-02-02HouseReported from Commerce and Energy with substitute (22-Y 0-N)
2023-01-06HouseReferred to Committee on Commerce and Energy
2023-01-06HousePrefiled 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)

Subjects


Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1604
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1604+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1604H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1604ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0497+hil
Amendmenthttps://committees.lis.virginia.gov/pdfs/drafts/23105852D.pdf
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1604F171+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1604FH1171+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1604FER171+PDF
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H23V0071+HB1604
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1503+HB1604
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S02V0098+HB1604
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0505HB1604+HB1604
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0679HB1604+HB1604

Bill Comments

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